PROJECT CHARTER

1. General Project Information

Project Name: Fraud Engine
Executive Sponsors: PayMate India Ltd
Department Sponsor: Risk & Fraud
Impact of project: Automation of fraud detection
2. Project Team
Name Department Telephone E-mail
Project Manager: Pratik Zanke RFC 9867587574 pratik.z@paymate.co.in
Team Members: Almas Ali Innovation
Kushal Innovation
Dhonde

3. Stakeholders (e.g., those with a significant interest in or who will be significantly affected by this project)
Product Team
Accounts Team
Risk Team

4. Project Scope Statement

Project Purpose / Business Justification Describe the business need this project addresses
We are a Fintech organization which deals in B2B supply chain payments with daily average of Rs. 500+ crs.
Given the hevy volume, its utmost essential to have and develop afraud engine to detect Fraudulent activity
and transactions Currently the task is performed manually which is time consuming.

Objectives (in business terms)

Post implementation, Transaction monitoring, Fraud detection, transaction alerts for suspicious activity will be
handled effortlessly on a single dashboard with minimumn manual intevention.
Deliverables

Dashboard Prototype Within 10 days. Entire engine to be made live in 1 month

Scope
The project will enhnace and automate the fraud detection, txn monitoring and will amage alerts. It will be
directly monitored by RFC department.

Project Milestones
Deliverables (Quantify – be Main Tasks Start End Lead
specific)
Prototype and design Design develop and execute 15th 25th May Pratik
May
Entire Engine Test alerts, activity, frauds detection 26th 30th Pratik
May June

Major Known Risks (including significant Assumptions

Issue / Risk Description Probability Impact
(H, M, L) (H, M, L)
Design Change Complex design can hamper the deadlines L L
Team Availability Resource management H H
False positives Alerts can be false positive H H
Failed Transaction Due to bug or issues genuine txns can get failed H H

Constraints
Since the team and project is internal the deadline will met only if the resources are not diverted to other
ongoing projects.

External Dependencies
The project will be dependant on IT team for go live.

5. Communication Strategy
Weekly email report to all the stakeholders
6. Sign-off
Name Signature Date
(MM/DD/YYYY
)
Executive Sponsor Sadanand Moily SM
Department Sponsor Pratik Zanke PZ
Project Manager Pratik Zanke PZ
7. Notes
Its most critical and important project given the HIGH volume of transactions happening on our portal. Its
herby advised to work diligently to complete the project on time.