With widespread UPI adoption and government initiatives like DPI 2.0 boosting the digital payments ecosystem, India now leads globally in online payments. This has generated massive financial data and raised customer expectations for superior service.

AI is increasingly seen as the key solution to efficiently handle both data processing and enhance customer experience in the BFSI sector worldwide.

Amidst such fine market conditions, one company that stands-out through its deep tech prowess and vast knowledge of the BFSI realm is CODESTAX. AI. Based in Chennai, CODESTAX was incepted in 2020 with a vision to democratize technology for all businesses by providing cutting-edge solutions that help them quickly adapt, innovate and maintain a competitive edge in the current rapidly changing digital landscape.

Today, having served numerous clients across Southeast Asia, India, Singapore and US, the company has garnered immense repute as one of the most sought-after technology partners for diverse financial service requirements, with significant market presence across healthcare and marketing tech verticals as well.

Key Products & Solutions

As a nextgen technology company, CODESTAX’s offerings span across two broad verticals – No-Code Solutions and AI. Keeping in mind the significance that rapid development of fully customizable solutions holds in the BFSI sector, the company’s flagship offering ‘FlowStax’ is fully customizable no-code business process & workflow management platform that enables businesses to transform all their offline processes into secure, digitized and automated workflows that are completely traceable, save time, cut-down costs, and scale at ease.

Extending this no-code agility to core financial operations, FinStax acts as a customizable ledger platform. It enables institutions to build and launch mobile financial products — such as wallets, micro-loans, and savings schemes — with the same speed and ease, ensuring end-to-end automation from approval to compliance.

In terms of AI, CODESTAX has developed ScreenStax, an AI-powered SaaS compliance screening solution that facilitates BFSIs with a wide range of functions such as automated KYC & AML screening for customer onboarding, fraud & identity verification for claims and distribution, borrower & partner due diligence before disbursement, and a lot more.

Equipped with both AI & LLM capabilities, ScreenStax facilitates live data integrations with trusted global sources and leverages AI-based contextual reasoning to understand relationships and not just keywords.

This not only reduces false matches across spelling variations, aliases and cultural nuances, but also ensures an AI-driven rationale behind every match. Some of its major use cases include PEP screening, negative media screening, sanctions & watchlist screening, criminal check, and a lot more.

Completing the technology ecosystem, CODESTAX offers a sophisticated suite of Generative AI solutions designed to balance innovation with strict enterprise governance.

“AI Launch Pad serves as our horizontal engine for enterprise innovation—a private, turnkey SaaS platform that operationalizes governance so organizations can deploy GenAI broadly without compromising security or speed.

We complement this foundation with deep, vertical GenAI implementation services that solve complex challenges, including Intelligent Document & Data Processing, Multimodal AI Analysis, Conversational Data Analytics, Industry Insights, Risk Intelligence & Reputation Management, and Human Capital & Communications AI,” adds Arasu Shankher J, CEO of CODESTAX.

Standing a Class Apart

A key highlight of CODESTAX’s service delivery is the consultative approach that it embodies, wherein it first gets a clear understanding of the client’s challenges, chalks-out a tailormade strategy to mitigate them, and accordingly develops solutions that provide the desired outcomes in the most optimal way.

Playing a pivotal role in this entire process is the company’s core team comprising Arasu, Vignesh Subramaniyam (Head - Consumer Applications), Karthik Appadurai (Head of AI & Cloud Enterprise Platforms), and Rahul Garg (Head - Partnerships & Customer Success), along with a highly skilled team of backend engineers.

Their profound subject matter knowledge and understanding around deploying AI systems has proven instrumental in accommodating a myriad of niche customizations for its customers.

“A key aspect of our client relationship building process is honesty and transparency in our communication with the clients. Every project that we handle is assigned a dedicated personnel who acts as a single POC for all communications with the client and is accountable for that particular project, warding-off any confusion and maintaining clarity & consistency in communication all through the project journey”, Rahul adds.

Exploring Beyond Horizons

For a leading banking client, CODESTAX.AI has deployed its solutions across 12 key business verticals and has empowered 2,500+ daily active users across 400+ branches to handle more than 3 million customer requests with full traceability. Building on this foundation of high-scale enterprise impact, the company is now pivoting toward the next frontier of autonomous technology.

While CODESTAX continues to specialize in bespoke AI implementation and proprietary platforms, it is actively evolving the next generation of governance-first Agentic AI solutions for financial institutions that merge autonomy with strict auditability, ensuring seamless alignment with India’s evolving regulatory framework.

Staying true to its core mission, CODESTAX remains committed to leveraging cutting-edge technology to solve critical business challenges and is actively gearing up for expansion into new global markets, including the Middle East and Europe.