Bangalore-based Signzy, India’s leading fintech startup, today said that it was named, winner of ASSOCHAM’s ICT Startups Awards for 2020. Signzy won this award for its innovative AI-based Digital KYC solution, which helps banks and financial services companies onboard new customers in a completely remote, paperless and digital manner.

The ICT Start-Ups award is an annual ASSOCHAM initiative, conducted in association with the Ministry of Electronics and Information Technology, Government of India and Ericsson. The awards aim to encourage innovation by recognising and rewarding outstanding ICT innovations.

Commenting on the win, Ankit Ratan, co-founder of Signzy says, “We hold this honour in high regard as a testimony to the great work our team has been putting in. Digitalisation is scripting the future of financial services businesses and is crucial to India’s next phase of growth. We at Signzy are proud to play a meaningful role in the ongoing digital transformation of India’s banking, insurance and financial services sector with truly innovative and path-breaking digital solutions.”

Three other startups were also awarded at the virtual award ceremony, held on the sidelines of Smartech India 2020 in New Delhi.

Signzy’s clients for its digital KYC solution include over 90 Indian banks, insurance firms, NBFCs and Asset Management Companies like Aditya Birla Sunlife AMC, BoB Financial and more. The clients also include four of the largest banks in India, with State Bank of India (SBI) and ICICI Bank among them.

Globally, Signzy has a strong partnership with Mastercard and offices in New York and Dubai to serve customers in the multiple geographies. The startup’s Digital KYC is already being used to onboard thousands of customers every month by several SEBI-regulated institutions.

About Signzy

Signzy is an AI-powered RPA platform for financial services. No matter how complex your workflow or operational complexity, Signzy is able to completely automate your back-operations decision-making process into a real-time API. This is possible due to a combination of Nebula — a no-code AI model builder and a Fintech API Marketplace of over 240+ APIs. Today, the startup works with over 90+ FIs globally including the 4 largest banks in India and a Top 3 acquiring Bank in the US. Globally, Signzy has a strong partnership with MasterCard and offices in New York and Dubai to serve its customers in the two geographies. The startup’s product team of 120+ people is building a global AI product in Bangalor


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