Gaja Capital Leads Signzy’s INR 210 Crore Round to Enable Future of Banking

Company to utilize funds for enhancing its No-code Workflow Digitalization Platform, and driving its greater adoption in international markets

Leading digital banking infrastructure enabler Signzy today said that it had raised INR 210 Crore (US$26 Million) from Gaja Capital and its existing investors, Vertex Ventures and Arkam Ventures, in its latest funding round. The Bengaluru-based Fintech SaaS company added that it would use the fresh capital to enhance its ‘No-code Workflow Digitalization’ platform and solutions, as it targets greater adoption of its platform by a global banking and financial services clientele.

Signzy was founded in 2015 by Ankit Ratan, Ankur Pandey, and Arpit Ratan. The company said that its award-winning and patented No-code AI platform, GO, is seeing significantly accelerated adoption, as banks and financial services providers across global markets accelerate their digital transformation journeys.

Ankit Ratan, CEO of Signzy says, “The financial services industry is undergoing a massive and multi-year digital transformation and we have only seen the tip of the iceberg so far. Signzy has seen strong adoption of its No-code product by financial services companies as they start on their once-in-a-lifetime digital transformation journey. The solution has been developed from the ground up to allow banks and financial services providers to roll out and offer fintech-like user experiences in a matter of days, not months or years. We are also thrilled that Gaja Capital has come on board in support of our vision, as we remain committed to providing world-class digital transformation experiences to a growing number of clients around the world. This investment will help us to drive adoption and build the product further to support this long-term vision.”

Gopal Jain, Managing Partner, Gaja Capital says, “The team at Signzy has really impressed us with their No-code digitalization platform for the financial services industry, which we believe is the first of its kind anywhere in the world and solves real pain points for their customers. Their technology has been enabling banks to undergo rapid transformation without changing the underlying legacy systems. Ankit, Arpit and Ankur have built a truly unique and world-class product out of India and we are glad to partner with them as they work towards greater market penetration and adoption of their platform in markets around the world.”

Signzy has filed eight patents so far in the US, and nine in India, for its innovations. The company also received a US patent for banking in the metaverse earlier this year. The company won the Best KYC Solution award at the recently concluded Global Fintech Fest in Mumbai, organized by National Payments Corporation of India (NPCI), Payment Council of India (PCI), and Fintech Convergence Council (FCC).

Signzy was also recently granted an Authorisation Certificate by International Financial Services Centres Authority (IFSCA) as its FinTech partner for unified KYC Solution and customer on-boarding digital infrastructure. The company’s Global Digital Identity and Onboarding Platform was featured in the presence of Indian Prime Minister Shri Narendra Modi at the recent launch of the National Stock Exchange International Financial Service Centre (IFSCA Official) SGX Connect & the India International Bullion Exchange IFSC Ltd.

Signzy has won many awards in the recent past for its technology innovations, some of them being IAMAI’s Most Innovative RegTech Solution Award, ASSOCHAM’s ICT Startup Awards, Technoviti Award 2020 for Video KYC, among others. In the past, Signzy has also won awards from regulatory bodies like RBI and MAS Singapore.

Signzy Named Winner of IFSCA’s BankTech Hackathon for Its Unified KYC Solution

SBNRI Technologies and EdgeVerse Systems also named as co-winners

The International Financial Services Centres Authority (IFSCA) has named Signzy one of winners of its ‘Sprint01: BankTech’ Hackathon. Signzy secured the top rank for its Unified KYC Solution. The hackathon was open to all eligible FinTechs from across the globe and was one of its kind, being backed by a Financial Sector Regulator. 

The other two winners of the Hackathon are SBNRI Technologies Private Limited, and EdgeVerve Systems Limited, who won for Retail Banking Products at IFSC and Buyers Credit Optimization respectively. Signzy and others were granted a prize money totaling ₹24 Lakh. 

All three winners will be allowed a direct entry into the applicable IFSCA Regulatory or Innovation Sandbox. They will further receive Regulatory guidance and handholding. After a successful exit from the respective Sandbox, they will get an opportunity to set up business at GIFT IFSC. 

Commenting on the win, Ankit Ratan, co-founder of Signzy said, “We are honoured to receive this recognition from IFSCA for our Unified KYC solution, and this win is dedicated to the larger Signzy team that has worked hard to create one of the best digital KYC and customer onboarding platforms anywhere in the world. We are equally excited to participate in the IFSCA Regulatory and Innovation Sandbox, as we look forward to new opportunities to make a meaningful difference to the growth and evolution of the global fintech industry."

"Sprint01: BankTech'" under the banner of I-Sprint’21 was launched with a focus on Banking Sector and was hosted by IFSCA and GIFT City in collaboration with NITI Aayog. The Partners to the Hackathon were ICICI Bank, HSBC Bank, International Centre for Entrepreneurship and Technology (iCreate), Zone Startups, and Invest-India. 

The global FinTech Hackathon is part of InFinity Forum 2021. InFinity Forum is IFSCA’s flagship financial technology event, uniting the world’s leading minds in policy, business and technology to explore and advance the biggest ideas in FinTech and to develop those ideas into global solutions and opportunities.

Signzy has won many awards in the recent past for its technology innovation, some of them being IAMAI’s Most Innovative Fintech Data Solution Provider Award, ASSOCHAM’s ICT Startup Awards, Technoviti Award 2020 for Video KYC, and many more. In the past, Signzy has also won awards from regulatory bodies like RBI and MAS Singapore.

About Signzy

Signzy is a market-leading platform that is redefining the speed, accuracy, and experience of how financial institutions are onboarding customers and businesses - using the digital medium. The company’s award-winning no-code GO platform delivers seamless, end-to-end, and multi-channel onboarding journeys while offering totally customizable workflows. It gives these players access to an aggregated marketplace of 240+ bespoke APIs that can be easily added to any workflow with simple widgets.

Signzy is enabling 10 million+ end customer and business onboardings every month at a success rate of 99% while reducing the speed to market from 6 months to 3-4 weeks. It works with over 240+ FIs globally including the 4 largest banks in India, a Top 3 acquiring Bank in the US, and has a strong global partnership with Mastercard and Microsoft. The company’s product team is based out of Bengaluru and it has a strong presence in Mumbai, New York, and Dubai. For more information, please visit https://signzy.com

Indian Fintech Signzy Receives US Patent for Using Augmented/Virtual Reality in Metaverse Banking

Gets a US patent for digital banking transactions in the metaverse using Virtual and Augmented Reality

Supports VR models of bank branches that perfectly reproduce real world branches

Also supports metaverse currencies and financial instruments, including crypto currencies

In a major breakthrough for enabling seamless banking and financial transactions in the metaverse, India-based Signzy Technologies today announced that it has received a US patent for new customer signup and onboarding in metaverse, using Virtual and Augmented Reality. The patent number 11270509 has been granted by the United States Patent and Trademark Office.

The application for the patent was filed in 2020 by the three Signzy Cofounders Ankit Ratan, Arpit Ratan, and Ankur Pandey along with their co-inventors and fellow colleagues at Signzy Dinesh Avula, Chitrangada Patra, Aadalarasan Bhavani Saravanan, and Shiv Shankar Subudhi.

Signzy’s patent marks a breakthrough innovation for banking in the metaverse as it describes a methodology for real-time onboarding of customers in virtual reality, across devices, by any financial institution. The company’s solution comes with advanced scalability protocols that allow a large number of concurrent users to navigate inside the virtual reality (VR) and augmented reality (AR) models of one or more financial institutions.

>Once deployed, banks and financial institutions can leverage Signzy’s patented technology across varied financial products, both existing as well as those still to be invented in the future for metaverse, with the assurance of industry-leading scalability and security. The technology also supports metaverse currencies and financial instruments, including crypto currencies.

Ankur Pandey, cofounder and CTO of Signzy said, “Over the years, Signzy has brought to market a series of breakthrough innovations that have redefined digital banking. Today, we are pleased to announce that we have invented the future of banking in the metaverse by patenting a breakthrough methodology for real-time onboarding of customers via virtual reality or augmented reality."

Ankit Ratan, cofounder of Signzy said, “Banks and FIs can no longer ignore the expanding world of Metaverse and the impact it will have on their business in the near future. The metaverse offers a huge growth opportunity to attract young customers and many even pave the way to creating new product lines and eventually add newer business models. The grant of this patent by the USPTO marks an important milestone towards enabling this vision."

Arpit Ratan, cofounder of Signzy said, "The grant of this patent to Signzy opens up many exciting opportunities for financial services delivery in the metaverse, covering both traditional banking services and those involving digital and crypto currencies. Further, our technology supports both existing products, as well as products that are yet to be invented in the future for metaverse."

Signzy’s technology enables banking customers to interact with their bank in a virtual reality (VR) model that perfectly reproduces a physical bank branch or office. These VR models can be richly detailed with support for describing a bank’s own environment including wall units, wall finishing, roofing, basic building, electrical connections, electronic components, flooring, doors, service counters, furniture, paints, sanitary fittings, physical items, decorative and hardware. The technology further supports detailing of environmental properties of the branch of a bank or a financial services provider, including brand, model, size, colour, type, finish, weight, quality, material, specifications, designs, shapes, and dimensions. 

The technology would support a variety of banking transactions in the metaverse, including general enquiry services, car loan services, house loan services, education loan services, net banking services, commercial banking services, opening saving accounts, home equity, stock exchange investment, opening accounts, documents verification services, overdraft facility, credit card services, fixed deposit services, health insurance services, personal accident insurance, retirement plan services, and risk management services.

Signzy has so far filed six AI patents in the USA and five in India. The company works with over 250 FIs globally including the 4 largest banks in India, a Top 3 acquiring Bank in the US, and strong global partnership with Mastercard and Microsoft.

IFSCA Declares Signzy Among Six Winners of its Global FinTech Hackathon

 One-of-its-kind, regulator-backed hackathon was open to all eligible FinTech companies from across the globe

International Financial Services Centres Authority (IFSCA) has declared Signzy as one of the winners of ‘Sprint03:InsureTech’, its InsureTech Hackathon under I-Sprint’21, the global FinTech Hackathon. The Sprint03:InsureTech Hackathon was open to all eligible FinTech companies around the world and was one-of-its-kind, being backed by a financial sector regulator. 

Signzy was named as winner for ‘development of technologies for increasing penetration, better underwriting, or claims management of life or health products’. All winners will be allowed a direct entry into the applicable IFSCA Regulatory or Innovation Sandbox. They will further receive Regulatory guidance and handholding. After successful exit from the respective Sandbox, they will get an opportunity to set up business at GIFT IFSC.

Commenting on the win, Ankit Ratan, co-founder of Signzy said, “ Winning this global Hackathon has further burnished Signzy’s credentials for world-class innovation in the insuretech and fintech space. Going forward, we are equally excited to participate in the IFSCA Regulatory/Innovation Sandbox, as we look forward to new opportunities to make a meaningful difference to the growth and evolution of the global finTech industry.”

The ‘Sprint03:InsureTech’ under the banner of I-Sprint’21 was hosted by IFSCA and GIFT city in collaboration with FICCI. ICICI Lombard, Max Life, iCreate, India Insure-Tech Association and Invest-India were the partners to the Hackathon.

I-Sprint’21, the global FinTech Hackathon was launched as part of InFinity Forum 2021, IFSCA's flagship financial technology event, which unites the world’s leading minds in policy, business, and technology to explore and advance the biggest ideas in FinTech, and to develop those ideas into global solutions and opportunities.

Signzy has won many awards in the recent past for its technology innovation, some of them being IAMAI’s Most Innovative Fintech Data Solution Provider Award, ASSOCHAM’s ICT Startup Awards, Techoviti Award 2020 for Video KYC, and many more. In the past, Signzy has also won awards from regulatory bodies like RBI and MAS Singapore.

Signzy Expands Global Leadership Team to Fuel Business Growth

Sabir Shaikh, VP - Business Development (EMEA), Signzy

Sabir Shaikh appointed as VP - Business Development to drive expansion in EMEA region

Bangalore, September 06, 2021: Banking workflow automation platform Signzy, has appointed Sabir Shaikh as Vice President - Business Development (EMEA) to strengthen its leadership team and support the company’s expansion plans in new and developing markets. The announcement follows Signzy’s recent entry into UAE in strategic partnership with Dubai’s Seed Group. The AI startup aims to triple its growth in the region by the end of fiscal 2022.

Shaikh’s appointment will power Signzy to build wider reach and visibility in Europe, Middle East, and Africa (EMEA), while also educating and empowering businesses in the region to automate back office operations and adopt frictionless on boarding services in a compliant and regulated manner.

As an accomplished marketing veteran with more than two decades of experience in building products and brands in emerging markets, Shaikh will drive the overall strategy, strengthen Signzy’s reach, and accelerate the company’s global business footprint.

Ankit Ratan, Co-founder & CEO, Signzy said, “We are delighted to have Sabir on board as we enter the next exciting chapter and tap into the increasing demand for digital financial infrastructure that improves access, transparency, and speed of delivery in Europe and Middle East. Sabir’s deep knowledge of the region and expertise in strategy development will be instrumental in driving our expansion goals and pursuing growth opportunities.”

Shaikh brings with him extensive industry knowledge, a sharp focus on creating winning business strategies, managing consumer and business-focused operations for blue chip and startup companies.

Sabir Shaikh, Vice President - Business Development (EMEA), Signzy said, “I am thrilled to be a part of Signzy’s mission to revolutionize customer and vendor on boarding for regulated ecosystems. We aspire to make this big in the EMEA region, starting from Gulf Cooperation Council. Signzy has a strong reputation of delivering innovative technological solutions and I am excited to be a part of such a forward thinking team that is accelerating and reshaping the industry not only in India but across the globe. We are determined to emerge as leaders in the region and grow our revenues multi-fold.”

In his most recent role, Shaikh was leading CleverTap’s Business Development in the Middle East, Turkey and Africa (META) region where he build the brand from scratch and positioned it among the top three preferred players in the GCC region. He has also worked with Netcore solutions, heading their ‘Transactional Emailing’ business globally.

Signzy is a leading provider of AI-based digitalization and automation solutions to the BFSI industry and counts globally leading banks and NBFCs as its clients. As one of the leading bank workflow automation players, Signzy helps more than 200 institutions make their digital regulatory processes simple, secure and compliant.

Signzy Enters the UAE in Strategic Partnership with the Seed Group

Bangalore, 30 August 2021: Seed Group, a company of the Private Office of Sheikh Saeed bin Ahmed Al Maktoum, has entered into a strategic partnership with Signzy, a Bangalore-based banking workflow automation company, for financial services, to give further push to digital transformation of businesses across the UAE. With the support of Seed Group, Signzy aims to triple its growth in the region by the end of fiscal 2022.

The partnership comes at a time when the UAE is expediting tech transformation across government services and industries, as per the goals of the UAE Digital Government Strategy 2025.

Under the partnership, Seed Group will help Signzy expand its operations in the Emirates and the wider Middle East, reach the right audience, access top decision-makers in government as well as private sectors, and market their products effectively in the region. The AI startup, on the other hand, will bring the best products and technologies to the region and help companies automate their back office operations, create security and data protection infrastructure and speed up digitisation of their processes.

Hisham Al Gurg, CEO of Seed Group and The Private Office of Sheikh Saeed bin Ahmed Al Maktoum, said, “The UAE is taking giant strides to meet the objectives of the UAE Digital Government Strategy 2025 and double the size of the digital economy in the next 10 years. Businesses are going through a phenomenal digital transformation and are on a lookout to adopt affordable smart technologies.”

“Having Signzy as our strategic partner will give the country’s digitisation agenda the much-needed push. Signzy has been successfully providing to various institutions cutting-edge digital solutions. We see a huge potential for their services in the UAE and the Middle East,” he added.

Signzy Co-founder and CEO Ankit Ratan said, “Seed Group brings a wealth of experience and regional access to the MENA region which will power us to rapidly grow market share. Businesses, especially banks, financial institutions, and fintechs across UAE and Middle East are doubling efforts to digitize and automate services to build a robust digital financial infrastructure that improves access, transparency, and speed of delivery. We are pleased to partner with Seed Group to fulfil UAE’s vision of digital transformation.”

Signzy, a company that works with over 100 financial institutions, including the four largest banks in India and the top three banks in the US, and various other businesses, seeks to help financial institutions automate their back-office operations, create security and data protection infrastructure, and speed up digitization for faster customer onboarding and real-time verification and fraud detection. With over 240 fintech API pre-integrated on the platform, Signzy assists banks become digital ready from day one and expedite customers’ digital journey.

Seed Group is a notable force in the technology, healthcare, hospitality, and telecommunications landscape in the Middle East. Over the past 16 years, it has formed successful strategic alliances with leading global companies representing diverse regions to accelerate their sustainable market entry and presence within the Gulf Cooperation Council countries.

About Seed Group

Over the past 16 years, Seed Group has formed strategic alliances with leading global companies representing diverse regions and industries. These companies have propelled their business interests and goals in the Middle East and North Africa region through the support and strong base of regional connections of the Seed Group. The Group’s goal is to create mutually beneficial partnerships with multinational organisations and to accelerate their sustainable market entry and presence within the MENA region. Seed Group has been a key point in the success of all its partners in the region, helping them reach their target customers and accelerate their businesses. The Private Office was established by Sheikh Saeed bin Ahmed Al Maktoum to directly invest in or assist potential business opportunities in the region, which meet The Private Office’s criteria. For more information, visit www.seedgroup.com.

About Signzy

Signzy is a leading provider of AI-based digitalization and automation solutions to the BFSI industry and counts globally leading banks and NBFCs as its clients. As one of the leading bank workflow automation players, we are helping more than 200 institutions make their digital regulatory processes simple, secure and compliant. For more information, visit https://signzy.com/.

Signzy Appoints Sheetal Jain as Vice President of Sales

Sheetal to lead the startup’s sales and business development efforts across India and South East Asia

Bengaluru, January 18, 2021: India’s leading No-Code AI Platform provider for financial services Signzy today said that it has appointed Sheetal Jain as its Vice President of Sales. Sheetal will lead Signzy’s sales and business development efforts in India and South East Asian (SEA) region. She brings over 20 years of experience in the banking and financial services industry.

Prior to joining Signzy, Sheetal headed sales and marketing at Probe Information Services, where she was responsible for managing senior relationships in leading Private Banks, PSBs and NBFCs.

Speaking on her appointment, Arpit Ratan, co-founder of Signzy says, “With a powerful and market ready no-code AI platform, we are now looking for aggressive expansion in both India and SEA markets, and Sheetal brings to Signzy precisely the capabilities we need to execute our business strategy. I am excited to welcome Sheetal and look forward to working closely with her as she spearheads our sales and business development efforts.”

An experienced leader in the BFSI, Sheetal has led many successful GTM strategies in her previous roles, mentored teams and been a part of the leadership team that pioneered web-based platforms and enabled APIs for the BFSI market.

Sheetal Jain, Vice President of Sales, Signzy says, “The BFSI industry is today preparing for its next phase of digital transformation, and Signzy has proven tech solutions to enable the industry players achieve this transformation. I am thrilled to join Signzy at this crucial point in time and look forward to an exciting journey in helping banks and financial institutions evolve and take advantage of the emerging opportunities with Signzy’s solutions.”

Signzy’s digital solutions have been deployed by over 90 Indian banks, insurance firms, NBFCs and Asset Management Companies such as Aditya Birla Sunlife AMC, BoB Financials. The clientele also includes 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 a ‘no-code AI platform’ for financial services. No matter how complex a workflow or operation may be, Signzy is able to completely automate the back-office operations decision-making process into a real-time API. This is possible due to a combination of Nebula — a no-code AI model builder (our product) and a Fintech API Marketplace of over 240+ APIs. Today, Signzy works with over 140 banking and financial services companies globally including the 4 largest banks in India and a Top 3 acquiring Bank in the US.

Signzy Wins the “Emerging Company” Award at Indian Achievers’ Forum 2020

Bangalore/Mumbai, January 6, 2021: No-code AI platform Signzy today announced that it has won the "Emerging Company" award at the recently concluded Indian Achievers' Forum 2020. Signzy won the award for its outstanding contribution towards progress and development of India's fintech ecosystem. Signzy is also known 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. 

Established in 2000, Indian Achievers' Forum promotes and encourages commendable achievements of Indians in the fields of business, healthcare, education, information technology, retail and other fields. It also felicitates them at the national and international level for their contribution in India's progress through the prestigious Indian Achievers' Awards and International Global Achievers' Awards.

Ankit Ratan, Co-founder of Signzy said, "Winning the Emerging Company award is a clear testimony to Signzy's impact in enhancing business and commerce in India, as also a recognition of our contribution in enhancing financial inclusion through our cutting-edge technology solutions. We are proud to play a meaningful role in the development of digital transformation among leading global financial institutions and will continue to support them through Signzy's innovations."

Signzy's digital solutions has been deployed by over 90 Indian banks, insurance firms, NBFCs and Asset Management Companies such as Aditya Birla Sunlife AMC, BoB Financials. The clientele 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 a 'no-code AI platform' for financial services. No matter how complex a workflow or operation may be, Signzy is able to completely automate the back-office operations decision-making process into a real-time API. This is possible due to a combination of Nebula — a no-code AI model builder (our product) and a Fintech API Marketplace of over 240+ APIs. Today, Signzy works with over 140 banking and financial services companies globally including the 4 largest banks in India and a Top 3 acquiring Bank in the US.

Signzy Wins Second Place in UAE’s Yalla Fintech 2020 Hackathon

Signzy takes home 2nd Major FinTech Award in the UAE in less than a month

Bangalore/Mumbai, December 21, 2020: No code AI platform Signzy today said that it has won the second place in UAE's prestigious Yalla Fintech 2020 - Innovation Challenge for Financial Inclusion. Signzy won the recognition for its Video KYC solution under the category, 'Electronic KYC for Simplified Customer On-boarding into the Financial System'.

The hackathon win also marks Signzy's second major recognition in the UAE region in less than a month. The company was named among the only two Indian FinTechs to qualify for Fintech100 Abu Dhabi, Middle East and North Africa region's leading FinTech festival, held last month.

Commenting on these back-to-back wins, Ankit Ratan, co-founder of Signzy said, "Our second place win in Yalla Fintech 2020 hackathon is testament to our team's outstanding technology capabilities. Also, this win comes close on the heels of our inclusion in the prestigious Fintech100 Abu Dhabi, which not only marks a a growing recognition of Signzy's vision and innovation, but also underlines Signzy's strong commitment to the Middle-east market."

The Yalla Fintech 2020 Innovation Challenge was jointly organized by FinTech Galaxy, a UAE based FinTech marketplace and Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), a German development agency, in the form of an online hackathon. 72 teams from 40 countries around the world competed in the hackathon, which focused on developing tools that can expand financial inclusion for businesses and individuals in the Arab world. The event sought to empower innovators, regulators, and other ecosystem partners from the Arab region to remotely collaborate and crowd-source solutions for key issues in financial inclusion in the digital space.

About Signzy

Signzy is a 'no code AI platform' for financial services. No matter how complex a workflow or operation may be, Signzy is able to completely automate the back-office operations decision-making process into a real-time API. This is possible due to a combination of Nebula — a no-code AI model builder (our product) and a Fintech API Marketplace of over 240+ APIs. Today, Signzy works with over 140 banking and financial services companies globally including the 4 largest banks in India and a Top 3 acquiring Bank in the US.

Vertex Ventures joins Mastercard and Arkam Ventures as Latest Investors in Signzy; Expands Latest Round to US $8.4 Mn

Vertex Ventures joins Mastercard and Arkam Ventures as latest investors in Signzy; Expands Latest Round to US$8.4M

Signzy plans to invest the funds in building the AI platform for Financial Services

Signzy Founders

Bangalore, December 2, 2020: No code AI platform Signzy announced today that it has raised an additional US$ 3M from Vertex Ventures, taking its latest round of fundraising to $8.4M in total. Signzy announced last month that it raised US$5.4M in a financing round led by Arkam Ventures and Mastercard. Signzy's existing investors, Kalaari Capital and Stellaris Venture Partners also participated in the round.
Signzy offers a 'no code AI platform' that helps financial service companies automate risk and compliance processes. The company plans to invest in strengthening its AI platform and expanding its global sales team in order to serve the rapidly growing demand for its solutions. The startup's product team of 120+ people is based in Bangalore and is focused on building an AI platform to cater to the needs of a fast changing global financial services industry.

Piyush Kharbanda, Partner, Vertex Ventures says, "Signzy has built a differentiated expertise in AI within a short period. Signzy team has executed an ambitious global strategy with great success so far. We are thrilled to back this exceptional team as they build the next generation AI platform for financial services."

Signzy has built a strong global partnership with Mastercard and has launched offices in New York and Dubai to serve its customers in the two key markets of North America and Middle-East respectively. The company now aims to expand its international presence in other markets.

Zahir Khoja, Executive Vice President, Merchant Solutions and Partnerships at Mastercard said, "In a global effort to create a digital first experience for our customers, Mastercard is enabling solutions and partnerships such as Signzy to enable faster growth for acquirers, their payment facilitators, and the businesses we serve today. Our goal is to support accelerated growth of the acceptance ecosystem by working together with such partners and scaling strong technologies like smart merchant onboarding."

Ankit Ratan, co-founder of Signzy says, "We are glad to receive such tremendous support from our investors, and their faith and trust in us is a great encouragement for the entire Signzy team to double down on executing the next phase of our growth strategy." 


About Vertex Ventures

Vertex Ventures is a global network of operator-investors who manage portfolios in the U.S., China, Israel, India and Southeast Asia. The firm is a trusted partner to some of the world's most innovative entrepreneurs, supporting them with unmatched operating experience and deep access to the capital, talent, partners and customers they need to build truly global businesses. Vertex Ventures Southeast Asia & India invests in high-growth startups seeking institutional venture capital funding across Asia (excluding China), with a focus on Singapore, India, Indonesia and other emerging hubs of innovation in the region. As part of Temasek Holdings, Vertex enjoys close relationships with the region's top decision makers, talent and influencers. For more information, go to http://www.vertexventures.com/southeast-asia-india/

Signzy is a 'no code AI platform' for financial services. No matter how complex a workflow or operation may be, Signzy is able to completely automate the back-office operations decision-making process into a real-time API. This is possible due to a combination of Nebula — a no-code AI model builder (our product) and a Fintech API Marketplace of over 240+ APIs.

Today, Signzy works with over 140 banking and financial services companies globally including the 4 largest banks in India and a Top 3 acquiring Bank in the US.

Signzy Appoints Arun Rajkumar as Vice President of Technology

Arun to spearhead research and development efforts in AI and computer vision technologies at Signzy to drive the company's next stage of innovation

Bangalore, November 12, 2020: India's leading No-Code AI Platform provider for financial services, Signzy today said that it has appointed Arun Rajkumar as its Vice President of Technology. Arun brings to Signzy over 13 years of global experience in providing strategic guidance for technological initiatives and development efforts across Insurance, Banking, and Retail domains. He will lead new technology research and development (R&D) efforts at Signzy, primarily focusing on Artificial Intelligence (AI) and Computer Vision (CV) technologies to drive the company's next stage of innovation. Arun will be based in Bangalore.

Prior to joining Signzy, Arun was Vice President of Technology at Wooqer and CTO at TechJini. Over an extensive career, he has provided IT leadership and cross functional support to startups and mid-sized companies, and built tech roadmaps and business cases to improve overall organisational operations efficiency and effectiveness. He has also developed and implemented over 200 applications.

Speaking on his appointment, Ankit Ratan, co-founder of Signzy says, "Arun's clarity of vision and his strategic leadership capabilities make him the ideal person to drive the technology innovation engine at Signzy. He also joins us at an opportune time as we reaffirm our commitment to offer the most technologically advanced solutions to our customers around the world. I look forward to working closely with him in bringing Signzy's technology vision to life."

Arun Rajkumar says, "Signzy has already built a powerful and world-class No-code AI platform that is also market-ready, which makes my role here all the more exciting and challenging at the time. I am looking forward to take on the next set of challenges in realising our technology vision and to deliver new solutions that underscore our technology leadership."

Arun is an alumni of IIM Calcutta and has to his credit several international technology based awards. He was named Future tech leader by CIO100 in 2018 and was also named the winner of 2016 Mobile Sparks.

Signzy is a 'no code AI platform' for financial services. No matter how complex a workflow or operational complexity is, Signzy is able to completely automate the 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 140+ banking and financial services 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 these geographies. The startup's product team of 120+ people is building a global AI product in Bangalore.

Please visit www.signzy.com for more information.

No Code AI Platform Signzy Raises $5.4 Mn led by Arkam Ventures, Mastercard

Signzy will invest the funds in AI research, product enhancement and sales team expansion to address the surge in demand from global and India clients

Signzy Founders Pic (L-R) - Arpit Ratan, Ankit Ratan, Ankur Pandey

Signzy, a 'no code AI platform has raised $5.4M from Arkam Ventures and Mastercard. Signzy's existing investors, Kalaari Capital and Stellaris Venture Partners also participated in the current round.

Signzy, which offers a 'no code AI platform' that helps financial services automate risk and compliance processes, said that it is currently dealing with a massive surge in global demand for its solutions on account of the ongoing Covid-19 pandemic. The startup plans to invest heavily to strengthen its AI research and global sales to tap into the increased demand.

Signzy is a leading AI innovator with three new patents last year and more expected over the next 12 months.

Ankit Ratan, co-founder of Signzy said, "The ongoing pandemic has not only upended the pace of digitalization in the financial services space but has also led to increased demand for no-contact solutions. The decisions that used to need years to finalize are now being closed in just a quarter. We have worked hard to keep up with the growing demand. This fundraise is a timely boost in our efforts to scale up our AI capabilities and to tap an ever-widening global market opportunity. We'll also be using these funds to deepen our customer engagement."

At a time when banks and financial institutions are in need of innovative digital solutions, Signzy is helping them with AI-led digital transformation.

Bala Srinivasa, Managing Director of Arkam Ventures said, "It's been amazing to see Signzy's evolution into a word class risk and compliance management provider in a short period of time. Some of the largest and most demanding banks and financial services in India and globally have adopted the Signzy solution due to its cutting edge technology and measurable value proposition. We are delighted to support this exceptional team as they broaden their product portfolio and accelerate global expansion."

Signzy provides digital KYC solutions to over 100 Indian banks, insurance firms, 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.

Signzy is a 'no code AI platform' for financial services. No matter how complex a workflow or operational complexity is, Signzy is able to completely automate the 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 100+ banking and financial services 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 these geographies. The startup's product team of 120+ people is building a global AI product in Bangalore.

Mastercard Partners with Signzy for Global Rollout of Video KYC

Enables easy, fast and secure digital onboarding of end users to connect them to the financial mainstream

Mastercard today announced a partnership with Signzy, a leading RegTech startup based in India, to enable Signzy’s video-based KYC (Know Your Customer) solution for its banking customers. With this partnership, Mastercard customers will benefit from a completely paperless, remote and secure onboarding solution for end-users.

Deployment of Video KYC will allow end-users to complete and submit their KYC application from the safety and security of their homes. This would be 99% faster than the traditional paper-based KYC process. Backed by artificial intelligence (AI) and machine learning (ML) technologies, Signzy’s Video KYC solution features security protocols to prevent unauthorized system intrusion or attempted fraud. Further, the solution offers industry-leading scalability to deal with high volumes of video KYC transactions.

In India, this launch will further Mastercard’s goal to drive inclusive growth via financial inclusion by enabling individuals and small businesses to go online. Earlier this year, the payments technology company partnered with various players and launched low-cost innovations that allow merchants to start accepting digital payments without incurring additional or high infrastructural costs. Video KYC will further the ease and speed of onboarding in minimal time.

Arpit Ratan, Co-founder of Signzy said, “Mastercard has strongly advocated digital transformation in the financial services space and has led by example. It is a matter of great pride to be chosen as their Video KYC partner. Our efforts are geared to offer our partners a mobile-first, customer-centric digital experience for their customers. Signzy’s AI-led, on-premise API framework allows easy integration across multiple platforms providing a quicker and completely remote and paperless customer-onboarding, taking care of all security protocols.”

Rajeev Kumar, Senior Vice President, Market Development, South Asia, Mastercard, said, “Mastercard’s partnership with Signzy will shorten the traditional clunky, time consuming and expensive KYC process for financial institutions. Signzy’s AI and ML has well-established links to many KYC databases in India which allows seamless support for e-KYC and Video-KYC. Therefore, the platform also solves the problem of many SME’s in India who may not have all the KYC documents. With V-KYC, SME’s can now complete their contactless KYC process remotely at their convenience from their homes and shops.”

Rajeev also added, “Mastercard and Signzy are assisting merchant acquiring banks to easily on-board SMEs in remote corners of the country for digital payments acceptance, open SME accounts and NBFCs to underwrite and disburse SME loans. During the nationwide lockdown, Signzy’s Video KYC come as a big relief for financial institutions and SMEs.”

Signzy’s clientele has more than 90 Indian financial institutions, ranging from banks, NBFCs, insurance firms, Asset Management Companies and so on. Some of the marquee names in this list include the State Bank of India (SBI) and ICICI Bank, Aditya Birla Sunlife AMC, and BoB Financial Ltd etc. Moreover, Signzy’s offices in New York and Dubai and partnership with Mastercard equip the company to serve financial institutions across the globe. Mastercard has collaborated with Signzy to develop onboarding solutions for merchants and has a global partnership with them to scale up the solution across markets worldwide.

Recently, Mastercard also announced a commitment of Rs 250 crores (US$33 million) to help reboot Indian SMEs and enable business recovery amid Covid-19 outbreak. As part of this commitment, Mastercard will roll out multiple initiatives to:

• bring small businesses into the digital economy by enabling them to go online
• provide them with catalytic inputs to operate growth-oriented businesses, including but not limited to access to credit, know-how, and value-added services while supporting them in meeting the new norms of safety and health protection
• empower women owned enterprises to unlock their economic potential

Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals; financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.

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 200+ 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 Bangalore.

Signzy wins ASSOCHAM’s ICT Start-Ups Award 2020 for Digital KYC Inbox

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

Signzy Strengthens Leadership Team, Appoints Ashok Kumar Pillai As Global Delivery Head

The IT veteran joins Signzy to spearhead its global expansion

Signzy, India’s leading fintech today announced the appointment of Ashok Kumar Pillai as its Global Delivery Head. Ashok, who is an IT veteran, joins Signzy to spearhead its global expansion. Leveraging his 25-plus years of banking and payments industry expertise, Ashok will oversee and lead Signzy’s delivery innovation to provide efficient and superlative customer services in his current role. Ashok will be based out of Pune and his appointment is effective immediately.

Prior to joining Signzy, Ashok served as Client Partner and Head of Pune Center at Altimetrik, a US-based business and IT transformation company. He led Sales, Client engagement and Pune center operations for the firm. Before that most of his experience has been in the Banking & Payments products domain covering many large projects for leading global financial organizations. Ashok comes with deep experience in creating and managing delivery teams spread across geographies in Service Delivery, with P&L ownership. At Signzy, he will primarily be responsible to monitor and maintain Customer Value Proposition as a key index at organization level. He will also provide leadership guidance to project and customer support teams. 

Ashok Kumar Pillai, Global Delivery Head, Signzy commenting on his appointment stated, “These are challenging yet exciting times for the entire banking and financial services industry. The current scenario has also presented unprecedented opportunities to fasten digital transformation in the sector. Signzy, with its world-class digital solutions is aptly geared to tap into these opportunities and further intensify its growth. The startup has charted an unparalleled success story in a short span.  I hope to further unleash its potential and transform it into a globally scalable delivery organization through my efforts. I am equally excited to work with the young founders to accelerate the next level of growth for Signzy.”

Ankit Ratan, cofounder of Signzy says, “Ashok brings proven leadership and a wealth of industry knowledge and expertise from his 25-plus years in industry. His appointment will prove invaluable to Signzy as we continue to grow business with a focus on helping our customers stay ahead and relevant in this digital age and ready to turn Signzy into a global brand catering to banking and financial institutions across the world. I am extremely delighted that Signzy’s efforts will now be steered by Ashok’s experience and able leadership.”

Signzy Becomes the Only Indian Startup Recognised by MEDICI RegTech Top 21 List

Signzy is recognised for Digital Identity, Customer Onboarding and Video KYC 

Leading Indian RegTech startup Signzy today announced that world’s leading FinTech research and innovation advisory platform MEDICI has recognised it among the RegTech Top 21 startups for 2020. It is also the only Indian RegTech startup to have made it to the Top 21 list for 2020.  

Signzy has been named as the Top RegTech Startup in the ‘Digital Identity, Customer Onboarding and KYC’ vertical. 

MEDICI RegTech Top 21 Report-2020 is powered by MAGNIFICO, a leading reverse fintech accelerator, born from the collaboration of Ernst & Young (EY) and MEDICI to identify and recognize the fastest growing and highly innovative fintechs across EMEA, APAC and the AMERICAS. 

Signzy has also been named in the ‘Big Disruptors’ quadrant, under the ‘Digital Identity, Customer Onboarding and KYC’ vertical by MEDICI. According to MEDICI, companies in this quadrant have a strong market presence, which has also been supported by growth. Big Disruptors represent the market leaders: they have been in the market for a long time, or either achieved growth in a short period recently, and the market has acknowledged them.

Commenting on the recognition, Ankit Ratan, co-founder of Signzy says, “We are truly honoured and excited by this latest recognition of our work.  Effectively addressing the compliance, security, and regulatory requirements of our banking and financial services partners have been Signzy’s vision right from our inception. We are glad to have found success and recognition on our journey of growth. We also dedicate this achievement to our customers and our employees who have demonstrated confidence in us throughout.”

This recognition further acknowledges that Signzy brings down customer dropouts and increases productivity. Signzy’s online contracting system utilizes biometric signatures and blockchain technology to on-board clients; while its API platform helps in detecting the authenticity of information and cracks down on digital forgery. It further notes that Signzy has developed an AI solution for distinguishing between various types of ID documents, shared through various channels like scans and photocopies with all their distortions.

The RegTech Top 21 startups are placed under seven main verticals where RegTech solutions may be applied. These are: AML and CFT, Compliance Management, Market & Trade Surveillance, Risk Management, Digital Identity, Customer Onboarding and KYC, Regulatory Change Management and Regulatory Reporting. 

Apart from the disruption that award-winning companies bring to the table, they were also judged on other parameters, including the future outlook based on their growth in traction in the industry over the past three years, unique proposition, and competitive advantage. The selection for RegTech Top 21 has been made after due consideration of both the score and the industry experts’ opinion. 

Over 90 Indian clients; including banks, insurance firms, Asset Management Companies and NBFCs; are using Signzy’s Video KYC. The list includes four of the largest banks in India like SBI, ICICI Bank and more. Globally, Signzy has a strong partnership with Mastercard and offices in New York and Dubai to serve customers in multiple geographies.

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 — Our no code AI model builder and our Fintech API Marketplace of over 200+ APIs. Today we work with over 90+ FIs globally including the 4 largest banks in India and a Top 3 acquiring Bank in the US. Globally we have a strong partnership with MasterCard and offices in New York and Dubai to serve our customers in the 2 geographies. Our Product team of 120+ people is building a global AI product out of Bangalore.

B2B Fintech Firm Signzy Fast Tracks Hiring to Cater to Demand Rise in the wake of COVID-19

Set To add close to 70 new employees to strengthen its Technology team

Leading B2B fintech startup Signzy today said that it will be hiring close to 70 employees over the next six months to cater to the growing demand for its services, in the wake of the ongoing COVID-19 pandemic.

Signzy, which works with over ninety leading banks and financial institutions in India, is looking to primarily strengthen its technology team with the new hires, besides adding to its marketing and business development functions.

Ankit Ratan, co-founder of Signzy says, “The ongoing pandemic has driven an extraordinary pace of digital transformation for the banking and financial services sector.  In the last four months, the demand for digitalised workflow solutions, including video-KYC, has gone near universal among the BFSI players. Naturally, we have to scale up our team strength in order to meet this demand.”

Signzy offers an AI powered RPA platform for financial services and has added 35 new employees since March to meet the growing demand for its solutions. The company is actively seeking candidates for roles like Backend Engineer, Full Stack Engineer, Product Manager, Frontend Developer, SDET 2, Product Marketing Manager, Engineering Manager and many more.

Some key roles that Signzy is hiring for are: 

Backend Engineer: The candidate will be responsible for producing robust production ready codes and maintenance services. Providing tech and infrastructure for marketing campaigns, creating CRUD APIs for front-end business systems, creating developer friendly service APIs & backend SDKs, and user end products on top of the core technologies are key for this role.

Full Stack Engineer: A candidate who is tech savvy and is passionate about creating solutions using technology. Creating user-end products with top core technologies, the candidate will be responsible to achieve Signzy’s vision and build a responsive and elegant mobile/desktop web UIs. The candidate will also expand and scale the backend infrastructure to global scale. Ability to lead a team, a creative mind to develop and present new features would be necessary traits.

Engineering Manager: Another critical position available is that of Engineering Manager, who will be responsible for mapping business objectives to an optimum engineering structure, including correct estimation of resource allocation. The candidate will work closely with the internal stakeholders to analyse and assess projects. A good leader, spokesperson for the team playing an integral role in key technical, product and hiring decisions.

Product Sales - B2B Sales / Enterprise Sales / SaaS- A competitive and trustworthy candidate to help Signzy build business activities. The candidate is a sales professional responsible for discovering and pursuing new sales prospects, negotiating deals and maintaining customer satisfaction. The candidate must be a go getter who possesses excellent communication skills and feels comfortable reaching out to potential customers to demonstrate Signzy solutions. Ultimately, he/she will help Signzy exceed business expectations and contribute to the company's rapid and sustainable growth. This is a great opportunity for the right candidate to forge a career in India’s fastest growing sector.

Apart from a competitive work environment, Signzy offers its employees a flexible and employee friendly work culture. The startup works with an alluring list of clients, including four of the largest banks in India like SBI, ICICI Bank and more. Globally, Signzy has a strong partnership with MasterCard and offices in New York and Dubai to serve customers in the multiple geographies.

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 — Our no code AI model builder and our Fintech API Marketplace of over 200+ APIs. Today we work with over 90+ FIs globally including the 4 largest banks in India and a Top 3 acquiring Bank in the US. Globally we have a strong partnership with MasterCard and offices in New York and Dubai to serve our customers in the 2 geographies. Our Product team of 120+ people is building a global AI product out of Bangalore.

Visit www.signzy.com for more information about us.

Signzy Launches Video Conferencing Tool for Secure Communications Between Banks and Customers

India’s leading RegTech startup Signzy today announced the launch of its secure Video Conferencing (VC) tool for secure, private one-to-one communication between banks and other Financial Institutions on one hand, and their customers on the other.

The Signzy VC tool uses Artificial Intelligence to enhance security and reliability and thus aims to deliver seamless business continuity for banks, FIs and other organizations during the prevailing national lockdown. It has been designed for enabling front-end processes that necessitate a face-to-face conversation with the customer.

“Generic video conferencing apps and tools are simply not designed for banking-grade security and privacy and are thus unsuitable for use in financial services industry’s customer-facing workflows. Signzy’s Video Conferencing tool on the other hand delivers industry-leading security and privacy for one-to-one interactions and is therefore best suited for banks, insurance companies and other organizations where security and privacy of communications is a critical requirement,” said Ankit Ratan, the co-founder of Signzy.

Signzy’s Video Conferencing tool is honed with numerous layers of checks and balances including, AI-enabled video forensics and identity document checks that eliminate security gaps by combining human scrutiny with both software and ML and AI-enabled learning. 

The tool ensures seamless communication and end-to-end encryption along with securing data leakage. For example, a bank can choose to disable client-side video controls during a call, which would prevent a customer from switching off the video while the call is in progress. Further, the AI technology ensures that all calls can be audited and any breach in the protocol can be readily caught. “Since this has been developed with banks as intended users, no other third-party software currently matches this level of security,” Ankit added. 

In the wake of global COVID-19 pandemic and India’s nationwide lockdown, banks have been encouraging their customers to use digital channels for transactions as far as possible. Many banks have adopted video KYC as a 100% digital KYC process for new customer onboarding and customer verification. 

Signzy’s VC tool allows banks, insurance companies and other financial services providers to go a few steps further and use secure video conferencing for other processes that otherwise necessitate a face-to-face interaction with the customer, inside the branch or at the customer’s premises. For example, client relationship managers can schedule a secure video call with their clients for processing certain types of financial transactions.

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 — Our no code AI model builder and our Fintech API Marketplace of over 200+ APIs. Today we work with over 90+ FIs globally including the 4 largest banks in India and a Top 3 acquiring Bank in US. Globally we have a strong partnership with MasterCard and offices in New York and Dubai to serve our customers in the 2 geographies. Our Product team of 120+ people is building a global AI product out of Bangalore.

Signzy wins IAMAI’s Most Innovative Fintech Data Solution Provider Award 2020 for VideoKYC

Leading RegTech startup, Signzy today announced that it won IAMAI’s (Internet and Mobile Association of India) ‘Most Innovative Fintech Data Solution Provider’ at the 10th India Digital Awards 2020. Signzy wins this award for the third time in a row, leaving behind prominent Government-backed institutions like the National Informatics Centre, MeitY & OnlinePSBLoans.

IAMAI’s India Digital Awards aims to recognize and reward entities and individuals who achieve successful business outcomes using digital as a medium. Signzy won this award for its product "Real Time Digital Onboarding for Current Account Customers". This is a Video KYC solution, which enables real-time Customer Onboarding, Verification and Fraud Detection for banking and financial institutions. Signzy, through its AI-based decision engines and back office automation solutions, enables account opening in real-time.

“As Signzy wins for the third consecutive year (2018-2020), we are humbled by the achievement and look towards contributing to the future of Digital Banking with more innovative and AI-enabled solutions. We dedicate this achievement to all our customers, who presented us with opportunities, our investors for their constant support and confidence and our employees, who have been a pillar of strength”, says Ankit Ratan, Co-founder at Signzy.

Founded in 2015, Signzy has offices in Mumbai, Bangalore, Dubai and New York. Today, it works with over 90 banks, NBFCs and FinTech companies globally, including Mastercard, SBI Bank, ICICI Bank, HDFC Bank and RBL Bank, among others. It has completed 5 million new customer onboarding transactions in the last two years.

Signzy’s technological innovations have been recognised by banking regulators in India (RBI) and Singapore (MAS), for making the financial industry’s digital regulatory processes simple, secure and compliant.

About Signzy

 

Signzy is a leading provider of AI-based digitalization and automation solutions to the BFSI industry and counts globally leading banks and NBFCs as its clients. As one of the leading Fintech RPA players, we are helping financial institutions make their digital transformation in a matter of weeks vs months and years.

Edelweiss Asset Management Company Partners with Signzy for Digital Customer Onboarding and Verification

Edelweiss Asset Management Company, one of the fastest growing AMCs, today announced that it has partnered with India’s leading RegTech startup (which manages regulatory processes in the BFSI sector through technology) Signzy for digital customer onboarding and a faster verification process on its investment platform.

Under this partnership, Signzy’s AI-led e-KYC solution has been deployed to allow all new Edelweiss customers to conduct seamless digital KYC, biometric enabled digital contracts and due diligence through Algorithmic Risk Intelligence for their mutual fund investments.

Ankit Ratan, co-founder of Signzy, says, “We are thrilled to be chosen by Edelweiss to support their new customer onboarding using Signzy’s industry-leading e-KYC solution. For the BFSI industry, new customer onboarding can involve significant time and cost expenditure. Our e-KYC solution is designed to mitigate these costs while simultaneously delivering much superior customer experience, which allows our clients to grow their business through frictionless new customer onboarding.”

Radhika Gupta, CEO, Edelweiss Asset Management, said, “Despite heightened interest from investors who are new to Mutual Funds, the cumbersome offline process of KYC becomes a barrier in on-boarding potential investors. Signzy’s eKYC solution and our digital processes overcomes this challenge, it helps investors to complete their KYC online and immediately invest in our Mutual Funds from comfort of their home. This facility offers new investors a platform with compliant processes, quick on-boarding and a happy investing experience; thereby also significantly reducing our costs.”

The partnership with Singzy will also help Edelweiss AMC to reach a wider set of customers because of its ease of access to the mutual fund platform, and work towards deepening the market for mutual funds in India.

About Signzy Mumbai-based Signzy is a leading provider of AI-based digitalization and automation solutions to the BFSI industry and counts globally leading banks and NBFCs (Non-Banking Financial Companies) as its clients, including Mastercard, ICICI Bank, State Bank of India and many more.

About Edelweiss Asset Management Limited (EAML): EAML is amongst the fastest growing asset management companies, being an asset management subsidiary of Edelweiss Financial Services Ltd., one of India’s leading financial services group since last 21 years with a proven track record of quality and innovation. EAML has witnessed growth of over 46% in Average Assets under Management (AAUM) in last one year.