TSS Consultancy

What TSS Consultancy does

TSS Consultancy Pvt Ltd, operating commercially as TrackWizz, is a Mumbai-based RegTech SaaS provider founded in 2008 that sells a unified financial-crime compliance software suite to banks, NBFCs, capital market institutions, insurance companies, listed entities, AIFs, and IFSC/GIFT City firms across India, South Africa, and the United States. Its platform consolidates more than seven compliance modules — Anti-Money Laundering, Screening, Risk Rating, Transaction Monitoring, CKYC, Customer Onboarding, Aadhaar Image Masking, Employee Trade Tracking, Structured Digital Database, Research Analyst Compliance, Spend Management, and Prohibition of Insider Trading — alongside the Screenzaa screening sub-brand and the recently spun-out Disclosure360 insider-trading platform. The architecture is API-first and cloud-native, supported by 15+ proprietary screening engines, 120+ curated data feeds, 150+ transaction monitoring scenarios, and AI/ML components for NLP-based name matching, computer-vision-based Aadhaar masking, anomaly detection, and Video KYC with anti-spoofing.

The business monetises through subscription-based SaaS contracts with monthly billing, pay-per-use options for transactional services (CKYC, Aadhaar masking, screening), and bespoke enterprise agreements finalised via purchase orders or licence agreements. Go-to-market combines direct enterprise field sales to BFSI compliance officers, an inside-sales motion for mid-market accounts, an API-first self-serve path with free trials, and a partner channel layered with technology and data alliances with TransUnion and LSEG Data & Analytics (Refinitiv). TrackWizz claims 350+ financial institution customers including HDFC Securities, ICICI Securities, Bajaj Finance, IndusInd Bank, Kotak Mahindra Bank, Sharekhan, Zerodha, Muthoot Finance, Angel One, NSE, and ASK Group; the company states it has been profitable and growing for 13 consecutive years, employs 500+ people, and took its first external capital from WestBridge Capital in September 2023 at a Rs 900 crore valuation.

Name

TSS Consultancy

Legal name

TSS Consultancy Pvt Ltd

Website

https://trackwizz.com

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

251–500 employees

Ownership category

akta.pro rank

Product category

RegTech Compliance Software

akta.pro primary industry

Compliance & Regulatory Operations (AML/KYC, Reporting, Audit) (FSAGAAAL)

akta.pro secondary industries

KYC/KYB & Customer Onboarding (CIP, beneficial ownership, screening) (FSAGAFAB), Name Matching, Entity Resolution & Screening Optimization (FSAMAMAE), Fraud, Risk, KYC/AML & Compliance Platforms (BPAMAFAI)

Keywords

• RegTech compliance software
• Anti-money laundering solutions
• KYC onboarding platforms
• Sanctions screening services
• Transaction monitoring systems

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Infrastructure, Operations

Revenue model

1. SaaS Subscription Revenue: Multi-module compliance SaaS suite sold on a subscription and per-seat basis to financial institutions. Customers can select individual modules or the full suite. Pay-per-use option available for cost efficiency.
2. Usage-Based / Pay-per-Use: Pay-per-use pricing model for multiple solutions including CKYC services, Aadhaar image masking, and screening, where fees are applied per transaction or per image processed.
3. Bespoke Commercial Agreements: Pricing is largely agreed between business development and customers, followed by written confirmation via purchase order, work order, license agreement, or written communication. Billing cycles and terms outlined in service agreements.
4. New Product Launches: New SaaS products launched including Disclosure360 for insider trading compliance, generating additional subscription revenue streams from existing and new customer base.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels8 records

Core offering

TSS Consultancy operates the TrackWizz platform, an AI-powered RegTech SaaS suite that provides anti-money laundering (AML), know-your-customer (KYC), Central KYC (CKYC), sanctions and PEP screening, customer risk rating, transaction monitoring, and insider trading compliance modules to banks, NBFCs, capital market institutions, insurers, and listed companies. The platform is API-first, sold via subscription and pay-per-use, and integrates with regulators including RBI, SEBI, IRDAI, IFSCA, CERSAI, NPCI, and UIDAI.

Product overview

TSS Consultancy operates its TrackWizz platform as a unified AML & KYC compliance software suite consisting of multiple integrated modules. The core offering includes Anti Money Laundering (AML) as the umbrella product, with sub-modules for Screening, Risk Rating, Transaction Monitoring, CKYC, Customer Onboarding, Aadhaar Image Masking, Employee Trade Tracking, Structured Digital Database, Research Analyst Compliance, Spend Management, and Prohibition of Insider Trading. The company also operates two sub-brands: Screenzaa for profile screening and Disclosure360 (a separate subsidiary) for insider trading disclosures. The platform is built as a SaaS offering with pay-per-use pricing, serving 350+ financial institutions across India, South Africa, and the US, and holds IFSCA Direct Authorisation as the first RegTech to achieve this certification.

Differentiator

Problem solved

Functional benefit

Brands

• TrackWizz: AML & KYC Compliance Software Suite for Banks - comprehensive compliance solution for financial crime prevention including screening, risk rating, transaction monitoring, CKYC, and insider trading compliance
• Screenzaa
• Disclosure360
• TrackWizz AML Academy

Products and services

• TrackWizz AML & KYC Compliance Suite Unified SaaS suite offering multiple compliance modules including AML, Screening, Risk Rating, Transaction Monitoring, CKYC, Customer Onboarding, and Insider Trading compliance for banks, NBFCs, capital market institutions, insurers, and listed companies.
• Screenzaa Standalone profile screening solution for individuals and entities against sanctions, regulatory, PEP, criminal, and adverse media databases, offering 1/6th second API response times for customer onboarding screening.
• Disclosure360 Platform for insider trading disclosures and UPSI management featuring fully automated data pull, robotic approval workflows, and real-time notifications, offered under the subsidiary Disclosure 360 Solutions Pvt. Ltd.
• Anti Money Laundering (AML) Suite AML compliance suite bundling screening, risk rating, transaction monitoring, and regulatory reporting modules for PMLA compliance for BFSI institutions.
• Screening Module Name and sanctions screening software with 15+ proprietary matching engines and 120+ data feeds for sanctions, PEP, regulatory, and adverse media screening of customers.
• Risk Rating Module Customer risk rating and profiling solution with sub-200 millisecond API response times and 10+ ready-to-use risk models for PMLA-aligned risk categorization of customers.
• Transaction Monitoring Module Suspicious transaction monitoring software with 150+ monitoring scenarios for AML, terrorist financing, surveillance, and insider trading detection.
• CKYC Module Central KYC solution integrating with CKYCR (CERSAI) for digital onboarding, search and download APIs, bulk upload automation with image compression, and zero-rejection validation.
• Customer Onboarding Module Digital customer onboarding and KYC verification software for private banking, investment advisors, and asset management featuring Video KYC with anti-spoofing, e-signature, sanctions screening, risk rating, and enhanced due diligence.
• Aadhaar Image Masking Aadhaar image masking service using computer vision and OCR that redacts Aadhaar numbers with 100% accuracy and sub-1.3 second response time, on a pay-per-use basis with no image retention.
• Employee Trade Tracking (ETT) Employee trade monitoring software for SEBI Prohibition of Insider Trading regulations featuring automated trade approvals, restricted list maintenance, violation tracking, UPSI repository, and MIS reports.
• Structured Digital Database (SDD) Structured Digital Database for tracking and controlling Unpublished Price Sensitive Information (UPSI) flow in compliance with SEBI PIT regulation audit and internal control requirements.
• Research Analyst Compliance End-to-end compliance solution for SEBI registered research entities covering employee disclosures, research report tracking, restricted list maintenance, trade pre-clearance, and automated approval workflows.
• Spend Management Enterprise spend management solution from budget to procurement to invoicing to payment with configurable approval systems, multi-currency support, and specialized interfaces for different business functions.
• Prohibition of Insider Trading (PIT) Compliance Insider trading monitoring solution covering Schedule B and Schedule C of SEBI Prohibition of Insider Trading Regulation, 2019, with 9+ years of platform maturity.

Quantifiable outcome

• 50+ crore CKYC records contributed to CKYCR, largest in India
• +13 more outcomes

Named customers17 records

Segments9 records

Ideal customer profiles9 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

AI capability9 records

Feature11 records

Partnerships

Six partnerships are on record, tiered core and minor.

• TransUnioncoreTechnology or IntegrationTransUnion is a global information and insights company providing data and analytics infrastructure. Partnership enables TrackWizz to leverage TransUnion data feeds for enhanced screening and risk assessment capabilities.
• LSEG Data & Analytics (formerly Refinitiv)coreTechnology or IntegrationLSEG Data & Analytics (formerly Refinitiv) is an American-British global provider of financial market data and infrastructure. Partnership with TrackWizz enables comprehensive screening through Refinitiv/World-Check data feeds, complementing TrackWizz's proprietary 120+ data feeds for sanctions screening and AML compliance.
• Vidyasaarathi (TATA Institute of Social Science)minorOthersCSR partnership for TSS Sameer Aatmanirbhar Scholarship, a financial aid program for girl students. Vidyasaarathi acts as a central trust through TATA Institute of Social Science to disburse scholarships. So far, 2 scholarship schemes disbursed to 58 deserving candidates.
• Study4BuddyminorOthersCSR partnership for scholarship disbursement. Study4Buddy is one of the largest scholarship listing portals in India, supporting the TSS Sameer Aatmanirbhar Scholarship initiative for girl students.
• Grow TreesminorOthersEnvironmental CSR partnership through the Plant & Greet Now initiative. TrackWizz participated in planting over 290 trees in the Mumbai Metropolitan Region, expected to eliminate over 4000 Kgs of CO2 after maturity.
• United Way MumbaiminorOthersEnvironmental CSR partnership for beach cleanup drives. TrackWizz team participated in a Mahim Beach cleanup drive aligned with UN SDG Goal 'Life on Land' for protecting and restoring sustainable ecosystems.

Scale indicators11 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• IDfy: Mumbai-headquartered identity verification and KYC/AML platform serving Indian BFSI institutions. Directly comparable to TrackWizz in target customer (banks, NBFCs, fintechs) and core KYC/screening offerings, with a stronger recent tilt toward video KYC and identity verification.
• Signzy: Bengaluru-based digital onboarding and AML/KYC compliance platform for financial institutions. Comparable in API-first architecture, India BFSI focus, and regulatory-tech orientation; competes for similar banks, NBFCs, and fintech logos.
• Karza Technologies: Mumbai-based KYC, due-diligence, and fraud-prevention platform serving Indian banks, NBFCs, and fintechs. Direct competitor in CKYC, PAN verification, and AML data feeds — overlapping with TrackWizz's screening and onboarding modules.
• Clari5: Bengaluru-based enterprise fraud risk management and AML platform purpose-built for Indian banks. Direct peer in transaction monitoring, AML, and FRAML offerings for large Indian financial institutions.

Emerging players

• Bureau: Bengaluru-based identity and fraud-prevention platform for fintechs and banks. Comparable in digital KYC, AML screening, and risk-rating offerings; emerging player with growing India BFSI customer base.
• Perfios: Bengaluru-based fintech data and analytics platform serving Indian lenders and BFSI. Overlapping in financial-data aggregation and risk decisioning; broader than pure compliance but addresses adjacent BFSI use cases for many of the same customers.
• HyperVerge: Bengaluru-based AI identity-verification platform serving banks, fintechs, and insurers. Comparable in video KYC, document OCR, and liveness detection; emerging competitor in the same onboarding and KYC verticals TrackWizz targets.

Broad incumbents

• NICE Actimize: Global enterprise leader in AML, KYC, and financial-crime compliance software. Comparable as an enterprise-grade RegTech suite serving large financial institutions; represents the incumbent standard TrackWizz competes against as Indian banks upgrade.
• Oracle Financial Services: Global provider of AML, KYC, and compliance solutions to large banks. Comparable in serving top-tier financial institutions with comprehensive compliance suites; broad incumbent whose India presence TrackWizz directly competes with at marquee banks.
• SAS Anti-Money Laundering: Global enterprise AML, fraud detection, and compliance analytics platform. Comparable in transaction monitoring and AML analytics for large financial institutions; broad incumbent competing for the same Tier-1 BFSI budgets globally and in India.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/TrackWizz
• YouTubeyoutube.com/channel/UCoplIuCcEQzKRWnl8oRkTKw/videos
• Facebookfacebook.com/trackwizz
• LinkedInlinkedin.com/company/trackwizz
• Instagraminstagram.com/trackwizz

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about TSS Consultancy