Financial Technologies (India) Limited (Financial Technologies) has been selected as a finalist for the NASSCOM Innovation Award for 2007. The award was presented to, the co-founder and director for technology at Financial Technologies, Mr. Dewang Neralla at a glittering award ceremony held at Grand Hyatt in Santacruz, Mumbai. 

NASSCOM Innovation Award is one of the most prestigious awards in the Information Technology (IT) industry in India. Over the years, this award has grown into a prestigious platform, which recognizes the best-of the-best innovators in the Indian IT-BPO industry. The awards recognize those organizations that have made innovation as part of their DNA, thereby developing extraordinary, pioneering products, and services catering to the IT-BPO Industry. The companies short-listed for these awards were given the opportunity to showcase their innovations at the annual NASSCOM India Leadership summit where they addressed an elite audience comprising of industry leaders, venture capitalists, government representatives, foreign delegates, global IT-BPO industry CEOs, CIOs of international customer organizations, analysts, policy makers, and academia.

Financial Technologies, a global leader in creating and operating technology centric, next generation financial markets that are transparent, efficient, and liquid across multi asset class, including equities, commodities, currency, and bond, is a finalist in the market facing innovation category for medium and large organizations for its Distributed Order Matching Engine (DOME™), an integrated matching engine for commodities as well as equities providing trading, surveillance, real time pre trade risk management and clearing and settlement. It is also a highly scalable solution which can be scaled up based on increasing load demands.

Congratulating the winners, Som Mittal, President, NASSCOM, said, “NASSCOM had constituted the Innovation in IT awards as a platform for firms to showcase their innovations. NASSCOM recently announced the NASSCOM–ICICI Knowledge Park Innovation Fund (NIIF) a first of its kind initiative, to provide seed stage investments in order to promote Intellectual Property driven innovations in emerging technologies. NASSCOM is deeply committed to promoting innovation in the Indian IT industry and the development of an Indian innovation ecosystem.”

Speaking on this wonderful occasion, Mr. Neralla said, “It is a matter of great pride for us to be chosen as a finalist of such a prestigious award. We, as a team, consciously strive hard to constantly innovate and achieve technological brilliance in all that we do whether it is enabling trading or revolutionising mobile payments. We take further pride in announcing that Financial Technologies has also been listed in NASSCOM 100 IT Innovators 2007. This is a great honour for us as this category lists all those Indian IT companies that have infused innovation into their existing processes and have surfaced with new ideas, products, business models, processes, and technologies.”

Sourced from: Financial Technologies (India) Ltd