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CashTech Wins IBM's Best ISV – Financial Services Industry Award in India
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Chosen from among more than 40 focused Independent Software Vendor (ISV) business partners,
CashTech was recognized for its technology adoption, technology implementation, and strong ability to
influence IBM software & server technology business in India.
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Red Herring 100 Asia : Top 200 Finalist
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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.
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The Banker Technology Award, 2007 : Retail Banking Innovation
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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.
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| EUROMONEY Financial Technology Award, 2005 : Best Cash Management Solution |
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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.
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| The BankerTechnology Award, 2005 : 'Highly Commendable' in Cash Management category |
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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
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Nasscom IT innovation in India award, 2005:
"A showcase company"
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The NASSCOM IT Innovation in India award is the premier honor for Indian IT companies who have injected innovation into existing know-how and have come up with new ideas, products, processes or technologies that enable the business to achieve higher margins and thus profits to re-invest in the business.
CashTech's financial application hosting platform, Transact Central, was rated innovative by Nasscom and CashTech was a showcase company for IT innovation in India in 2005.
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| EUROMONEY Award, 2004 : 2nd Best Cash Management Software Company |
 | CashTech was rated the 2nd best Cash Management software company in a Financial Technology user's survey, 2004, conducted worldwide by Euromoney.
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| The BankerTechnology Award, 2003 : Payment & Cash Management Systems category |
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"TransactCentral is a suite of innovative applications that covers the complete range of cash management and transaction settlement products. TransactCentral can generate customizable products and workflows, generate transaction workflow screens with standard services, such as user access, security and interface definition to and from the system. Shinsei Bank in Japan has successfully implemented TransactCentral, allowing remittance traffic to be submitted online, in bulk offline or routed over the counter. Key features include private labeling, multi-entity support, and multi-lingual and multi-currency capabilities, with single installation supporting multiple countries".
- The Banker, June 2003
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"CashTech is the leader in Cash Management solutions in Asia."
- Tower Group
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"Magaldi of Signature Bank suggests that a solution developed by a cash management specialist- perhaps like CashTech-might be the best option for a bank in today's climate."
- International Banking Systems
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"TransactCentral presents an interesting alternative to those institutions who wish to differentiate themselves."
- Maggie Scarborough, Senior Analyst, Meridien Research
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"CashTech's TransactCentral may be in a class all its own. Transactions can be conducted in any environment - multi-lingual, multi-currency and multi-country payment mechanisms."
- Bank Technology News
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"A jewel in CashTech's crown is its Integrator offering, a proprietary Java application that facilitates seamless integration with bank or company back-office processes, greatly reducing implementation resources and time. Integrator runs alongside ERP applications such as SAP, enabling straight-through processing."
- Meridien Research
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