RiskIQ is an AI-driven RegTech application designed to help NBFCs and fintech startups in India stay RBI-compliant, reduce fraud, and assess risk in real-time. Built for India's digital lending revolution, RiskIQ acts as a compliance copilot, automating clause-level legal analysis, RBI reporting, and fraud detection.
- Upload loan agreements in
.pdfor.docx - Scans each clause and flags non-compliance based on RBI’s digital lending guidelines
- Suggests compliant rewrites using LLMs (e.g. T5)
- Input borrower details like age, income, credit score, etc.
- Returns a risk score (0–1) with risk category (Low/Med/High)
- Based on trained Random Forest model on financial behavior patterns
- Uses behavioral data (IP address, typing speed, device fingerprint)
- Detects anomaly patterns and flags potential fraud
- Powered by Isolation Forest & custom heuristics
- Generates audit-ready JSON & PDF reports
- Maps all clauses to internal RBI rule codes
- Simulates RBI sandbox submission endpoint
| Layer | Technology |
|---|---|
| Frontend | React.js + TypeScript + Tailwind CSS |
| Backend | Flask+fastapi (Python) |
| Auth | Firebase Authentication |
| Database | Firebase Firestore / PostgreSQL |
| Storage | Firebase Storage |
| AI Models | Hugging Face Transformers (LegalBERT, T5, BART) |
| ML Models | Scikit-learn (Random Forest, Isolation Forest) |
POST /analyze-compliance– Check document compliancePOST /analyze-loan-risk– Predict borrower riskPOST /detect-fraud– Fraud predictionPOST /generate-report– Generate RBI audit reportGET /rbi/report/status/{id}– Check mock submission status
- Upload loan document → Extract & tokenize clauses
- Classify each clause → Compliant / Non-compliant
- Suggest rewrites using LLM → Return flagged clauses
- Combine compliance + risk + fraud → Generate full RBI audit report
- ✅ Digital lending startups
- ✅ NBFC compliance teams
- ✅ Legal/audit firms serving fintech clients
- ✅ RegTech integrations with banks and AA networks
- Firebase Auth for role-based access
- Firestore rules to protect sensitive documents
- Secure file handling with signed URLs in Firebase Storage
This project was built as part of a national-level hackathon at Hackfest to solve real-world regulatory challenges in India’s booming fintech landscape.