Network People Services surges on bagging AI-powered RIDP order from public sector bank
Network People Services Technologies is currently trading at Rs. 1240.95, up by 20.30 points or 1.66% from its previous closing of Rs. 1220.65 on the BSE.
The scrip opened at Rs. 1249.85 and has touched a high and low of Rs. 1283.70 and Rs. 1227.70 respectively. So far 878 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 2430.00 on 30-Apr-2025 and a 52 week low of Rs. 849.50 on 16-Mar-2026.
Last one week high and low of the scrip stood at Rs. 1283.70 and Rs. 1091.60 respectively. The current market cap of the company is Rs. 2562.65 crore.
The promoters holding in the company stood at 60.27%, while Institutions and Non-Institutions held 10.09% and 29.64% respectively.
Network People Services Technologies has secured an order from a public sector bank to deploy its AI-powered Risk Intelligence and Decision Platform (RIDP) for merchant underwriting and monitoring. The company’s RIDP runs on a cloud-native, modular architecture and manages merchant risk across online and POS channels, from onboarding through the full merchant lifecycle. It is offered through a fully managed SaaS model that bundles technology, operations, regulatory updates, and ongoing support, allowing the company to generate recurring revenue.
In addition to onboarding, the company’s Regtech solution also runs automated website crawling on a scheduled basis to detect prohibited content, payment scheme violations, MCC mismatches, signs of fraudulent business entity and restricted product/service categories. When a merchant's business details change materially, the system flags it and triggers re-underwriting automatically.
RIDP’s risk scoring draws on identity, behavioural, and website risk signals. Linkage detection identifies duplicate or re-entering merchants without exposing raw Personally Identifiable Information (PII). Some of the mandatory regulatory compliances around Know Your Customer (KYC) and Know Your Bank (KYB) are automated through regular verifications from Goods and Services Tax (GST), Permanent Account Number (PAN), and Corporate Identification Number (CIN).
On the compliance side, the platform maintains immutable audit trails for all underwriting decisions, overrides, and configuration changes. The system is built to align with RBI guidelines and evolving payment industry risk use cases.
