Deloitte with Relativity brings cloud based forensic investigations in India has been saved
Deloitte with Relativity brings cloud based forensic investigations in India
Strategic alliance offering ‘RelativityOne’ to streamline complex and voluminous data locally helping quicker and flexible resolution to investigations, litigations, and regulatory compliance
Mumbai, 5 Oct 2021: In financial year 2021, the Reserve Bank of India (RBI) reported bank frauds amounting to 1.38 trillion Indian rupees. There has been a significant surge in financial frauds during the pandemic with newer destructive and sophisticated threats being launched daily. It has therefore become critical for organizations to be on their toes and have advanced software and solutions in place to identify related threats at the earliest.
Deloitte today announced the expansion of its strategic alliance with cloud-based capability RelativityOne, which enables Deloitte to leverage Relativity’s flexible and secure Software as a Service (SaaS) product as a foundation for clients’ e-discovery to quickly detect non-compliant behaviour as well as in preservation of critical data pertinent in a fast pervasive digital business world.
With this, multinational corporations, government agencies, and law firms in India can minimise risks in their internal investigations, cross-border investigations, complex disputes and streamline large unstructured data, risk-mitigation compliance activities, and regulatory proceedings in India
Speaking on the announcement Jayant Saran, Partner, Financial Advisory, DTTILLP, said, “Data is one of the most valuable assets of organisations today enabling deep insights into opportunities and risk. However, the immense volume and diverse sources of unstructured data, such as emails and user-created files that do not follow pre-defined formats present challenges, particularly when it comes to investigations, litigation, or even making actionable sense of the data retained by companies. Through RelativityOne's scalability and cutting-edge technology, we will help organizations to draw insight-driven strategy by demystifying the complexity and volume issues of data. The e-discovery solution will help in attaining full control over the data securely and uncover key facts to respond to multinational litigation, investigation, arbitration, and regulatory compliance matters.”
Being hosted exclusively on a cloud platform, shall help bring the entire e-discovery process together on one extensible platform thereby providing agility, scalability as well as 24/7 cloud security for companies, effectively protecting their data while it is migrated. This is more important than ever, considering the threat of cyberattacks and data breaches as well as to be data privacy compliant.
Through adoption of RelativityOne platform, the e-discovery process will enable identification of frauds faster than any other traditional platform.
Conducted by a team of over 70 forensic subject matter experts, the deployment of RelativityOne will enable them to solve data challenges and improve accuracy and efficiency for clients through customised solutions. In India, DTTILLP will exclusively control clients’ data in-country and innovate faster with a flexible and extensible cloud platform.
Deloitte with RelativityOne, will be able to offer clients a new way to transition to the cloud, which could benefit teams involved in multinational litigation, investigations, both cross-border and internal, regulatory compliance, and other matters to take act quickly.
Notes to the editor for reference purposes only:
This press release has been issued by Deloitte Touche Tohmatsu India LLP.
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. Please see www.deloitte.com/about for a more detailed description of DTTL and its member firms.