Okwan, a technology startup, has reportedly raised $4.5 million. Okwan raised more funds in a seed funding round conducted by PeakXV Surge and Neotribe Ventures. This brings Ocwen's total seed funding to $8 million.

Ocon automates in-depth operations in financial services. Financial institutions such as UBS, Federated Hermes and BC Partners use Ocwen's software in areas such as investment, credit, due diligence, risk monitoring and ECG.

With the help of AI, OCWAN executes various stages of financial operations quickly and efficiently.

With the help of the funding, Ocquan aims to develop the engineering team in Bengaluru and find new talent. Retrieval Augmented Generation - With AI, the purpose is to automate very complex operations of the financial sector.