We take great pride in announcing that atom technologies limited has won the prestigious The World is Open Award 2008 for excellence in the vertical of Financial Services for its innovative product called atom cards. The award was presented to atom technologies at the scintillating award ceremony held at the Indian Habitat Centre, Delhi by Red Hat and Skoch Consultancy. The juries for the award consisted Dr. N. Vijayaditya, Controller of Certifying Authorities, Dr. D.B Phatak of IIT – Mumbai, Dr. Gulshan Rai of CERT-In and Mr. Sameer Kochhar, Chief Editor and CEO of Skoch Consultancy. Red Hat Skoch Consultancy had received 163 nominations from financial, banking, education, health companies, and government sectors.

atom cards is the world’s first comprehensive mobile payment solution that converts plastic credit/debit cards into virtual cards that reside inside Java mobile phones. Remote, over the counter, ATM transactions as well as website transactions are done by enforcing PIN based transactions thereby maintaining the highest level of security for the customer. Transactions via atom cards would include money transfers, ticket booking, day-to-day shopping, home delivery shopping, and even cash withdrawals at ATMs, thereby, making it possible for consumers to carry out transactions in a fast (less than 3 seconds) highly secure, and convenient way. The software offers various benefits to consumers like instant receipts, easy to use features, easy accessibility, and transaction records that can be stored in the phone memory. Online balance enquiry, mini statements are also available on demand. Customers can load multiple credit/debit cards from multiple banks on their mobile. In short the customer does not need to carry the physical cards and can do all electronic transactions via these virtual cards.

Red Hat, Inc. is one of the larger and more recognized companies dedicated to free and open source software, and a major Linux distribution vendor. The company is best known for its enterprise-class operating system, Red Hat Enterprise Linux. Red Hat provides operating system platforms along with middleware, applications, and management solutions, as well as support, training, and consulting services. Red Hat in collaboration with Skoch Consultancy have constituted the ‘World is Open’ Awards to salute the efforts being made by various industry segments such as banking, insurance, financial services, technology etc towards making delivery systems work in a better manner through a combination of process changes, business models, and efficient use of Information and Communications Technologies (ICT).

Skoch Consultancy Services Pvt. Ltd., is an independent think tank and strategy management consultancy firm. It is also a technology neutral platform that focuses on benefits accruing from use of technology. Skoch organises industry leading conferences to drive thought leadership in various areas. In India, Skoch actively works towards the improvement of citizen services delivery systems. These include governance, banking, financial services, health, education, and infrastructure among others. Skoch is known for its action research and a hands-on approach towards assessment of projects and has till date studied nearly 200 projects as primary research and over 500 as secondary research of Information and Communication Technologies (ICT) projects in India.

While inaugurating the ceremony, Sameer Kochhar, Chief Editor and CEO of Skoch Consultancy, said, “It was really astonishing to receive the huge number of submissions for this award. We got as many as 163 nominations – from companies, government departments and individuals. The projects were adjudged on several parameters including effectiveness in delivering project objectives, innovation, open standards, relevance, scalability, and flexibility.”

Speaking on the occasion, Mr. Dewang Neralla, director of atom technologies said “It is a matter of great pride for us to receive such a prestigious award. Atom cards is an innovative solution designed to address the payment needs of any individual. The power of innovation lies in the card which enables the consumer to make a secured and convenient electronic transaction sometimes even without mobile network coverage. We, at atom technologies, consciously strive hard to constantly innovate and achieve technology brilliance in all. We take further pride in announcing that atom Paybuzz, was also listed in the list of final nominations. We are extremely delighted to be recognised and selected as one of the leading innovators in the field of product technology and would continue to perceive newer and better technology options emerging for our customers.”

“It is an honour for atom technologies to receive the award for its innovative product called atom cards. The world is indeed getting smaller and more open by providing various platforms to showcase innovation and development in usage of technology.” said Niranjan Gosavi, the chief marketing officer of atom technologies.

Congratulating the winners, Dr. D.B Phatak of IIT - Mumbai said “I was delighted by the number of responses we have got from so many different fields of application. There was an increasing and flamboyant use of open-source of technologies in India. The need is for software engineers who can create more open-source based applications relevant in India.”

Nandu Pradhan, president and managing director of Red Hat, India added, “The open source collaborative model for innovation and its deployment by businesses has gained tremendous acceptance in India. We feel proud to see so many successful deployments on open source models being nominated for The World is Open Award. We take this opportunity to thank and congratulate our customers for deploying open source solutions with Red Hat as they reap the resulting benefits. Red Hat strives to consistently support the business needs of enterprises through the adoption of open source software, right from infrastructure to middleware to applications of various kinds. We aim to deliver value for our customers with open source as the enabler. At a policy level, we are working with Indian leaders to apply the open source model’s principles and make India a knowledge superpower.” 

Sourced From: Financial Technologies (India) Ltd