CashTech has been selected by Red Herring as one of the 200 finalists for the prestigious Red Herring 100 Asia 2007 awards for innovative technology companies.     

Red Herring is a media company whose mission is to cover innovation, financing and entrepreneurial activity. They report on how the world of innovation and entrepreneurship are transforming business and how the business of technology is transforming the world.

The Red Herring editorial team carefully selected the finalists based on criteria such as innovative strategies, overall expertise, disruptive influences on technology, and a passion for the industry. The finalists are based across 16 countries/regions including China, India, Japan, Singapore, Korea, Australia and Vietnam.

CashTech won The Banker Technology award for the third time.The awards given out by The Banker, a Financial Times-London publication, recognise innovation and excellence in technical applications and services in the area of financial services. Its aim is to provide an index to guide financial institutions world-over on the leading solutions in key  business areas.The awards are judged on the basis of objective and results-oriented criteria by a panel of leading, highly respected industry commentators from around the world.

CashTech was conferred the award in the Internet Technology category in Retail Banking.

Euromoney magazine, an international publication that covers trends and developments in international banking and capital markets, recently conducted a Financial Technology Users' Survey. The survey is a global rating of the top global financial technology vendors, based on customer satisfaction. Customers are called upon to rate a solution vendor on a 10-point scale, on criteria like Usability, ROI/Cost, API, Service and Overall Satisfaction. The categories included Trading, Risk Management, Portfolio Management, Customer Relationships and Cash Management.

CashTech was rated as the Best Cash Management Solution.

The Banker, a Financial Times, London, publication, has rated CashTech 'Highly Commendable' in the Cash Management category for the year 2005.

The Banker Technology awards recognize innovation and excellence in technical applications and services for the front, middle, and back-office in the financial services industry. Reduced cost or time of processing, improved organisational performance, improved customer services and innovative use of technology were some of the criteria used for judging. The Banker Technology awards recognize vendors who have made a real contribution to advancing shareholder value and customer service.

"For a new entrant in the cash management arena, things must be right from the outset. CashTech deployed its CashIn solution for one bank in precisely these circumstances. To provide a complete range of services in a tight timeframe is not easy and in this case, the challenge was more as the bank had no branches and wished to offer cash management via its nationwide coordinator network. This required a system at each location linking to a central database held by the bank. The speed with which the implementation was achieved, including integration to existing systems, testing and customisation, was well-received and worth of commendation." - The Banker, June 2005

Nasscom IT innovation in India award, 2005:  "A showcase company"