December 10, 2018
The India FinTech Forum organized India FinTech Awards (IFTA) 2018, the most prestigious FinTech awards in India, on November 30, 2018, in Mumbai. After 20 innovative FinTech product demos, Oz Forensics from Russia won the prestigious FinTech Startup of the Year trophy and a cash prize of INR 1 lakh sponsored by Perfios. As part of the award, Oz Forensics will get an opportunity to showcase their product at LendIt FinTech USA 2019 in San Francisco, which is one of the world’s leading events in financial services innovation.
The Government of Maharashtra was the Chief Strategic Partner, and the event was hosted at the iconic Bombay Stock Exchange (BSE). IFTA 2018 saw the participation of startups and delegates from over 10 countries. MEDICI was the Strategic Partner and helped in selecting the top 20 FinTech startups from over 250 applicants. These finalists showcased their product in front of the panel of judges and industry leaders to compete for the IFTA Startup of the Year 2018 award. Knowledge Partner Ernst & Young managed the entire evaluation process to arrive at the IFTA 2018 winners.
Image: Oz Forensics wins FinTech Startup of the Year
The three startups that won the FinTech Rising Star trophies:
Sucharita Mukherjee, Co-founder & CEO of Kaleidofin Private Limited, received the Woman Leader in FinTech award while Dilip Asbe, COO of NPCI, was recognized as the FinTech Leader of the Year. PolicyBazaar won the Best FinTech Marketing Campaign and the Royal Bank of Scotland bagged the Most Innovative Bank of the Year award. The Most Innovative FinTech Product award was bagged by vPhrase and Value3 Advisory in the Lending category. The Financial Inclusion Initiative of the Year was awarded to PayJoy and Eduvanz in the Lending category.
The India FinTech Forum serves as the unifying platform where the FinTech community can discuss key policy issues and present its views to the government and regulators. It is a non-profit organization with over 250 FinTech companies as members and over 5000 individual members. On an international level, the India FinTech Forum is a member of the Global FinTech Hubs Federation (GFHF), where it represents the Indian FinTech sector. Recent initiatives include a series of FinTech policy roundtables in major cities and subsequent submission of feedback to the respective regulators in India.