Zaggle Prepaid Ocean Services was conferred the Best FinTech Corporate Innovation Program Award at The Economic Times BFSI Innovation Tribe Awards 2020. In its third edition, The Economic Times BFSI Innovation Tribe Awards recognizes leading financial institutions, solution providers and FinTech companies that are helping in building a robust ecosystem for the financial services sector.
Entries for the awards were evaluated by IBSI, a group company of Cedar Management Consulting International in association with ETBFSI. IBSI was set up in 1991 and has since been publishing cutting edge research consumed by various stakeholders in the financial space including bankers, investors and suppliers.
Commenting on the success of the company, Raj N – Founder, Zaggle said, “We are indeed proud to have been recognized by the Economic Times for our contribution to the financial services space through our innovative products and services. Innovation has been at the heart of all progress and we continue to strive for providing innovative support to organizations.”
Speaking about the awards, V Ramkumar – Senior Partner, Cedar Management Consulting International said, “The evaluation of the participants in the awards was based not just on the services that have been provided, but also on the basis of the excellence that has been delivered and the impact that it has resulted in for the customers which include banks as well as the end customers.”
Currently in its third edition, the framework for the evaluation of participants was originally designed by PwC by first identifying 16 categories to celebrate excellence and innovation in the FinTech space. The basis for the evaluation lies around 6 identified methodologies and framework elements associated with business impact, market growth potential, the degree of innovation, the applicability of the solutions, how does it really help in enhancing the overall ecosystem and the customer benefit perspective.
105 FinTech companies participated in this year’s Innovation Awards which were ranked on the basis of the evaluation metrics with an eminent jury consisting of representatives from Banking, Technology, Private Equity as well as members from the FinTech space.
