IBSFINtech wins Thomson Reuters FinTech Challenge 2016

December 5th, 2016

Adding one more feather in the cap, IBSFINtech has set forth on its journey of awards and accolades by winning the Thomson Reuters FinTech Challenge 2016. This news comes not later than a year when IBSFINtech was acknowledged by Express IT Awards as Software Product of the Year 2015. In this one phenomenal year, IBSFINtech has struck hatrick of awards and continued its work of innovation in FinTech domain to land up with this latest feather in the cap.

Company’s Executive Director, C M Grover, stated exuberantly, “We are thrilled to win the Thomson Reuters FinTech Challenge 2016. It is about time that industry starts recognizing our innovative solutions in treasury management space. There is still a long way to go, but this recent acknowledgement reflects that we are on the right track!” He further added, “It goes without saying that all this has become possible with dedication of our team, our customers who showed faith in our product, and indeed our well-wishers.”

Thomson Reuters, the answer company, launched FinTech Innovation Challenge India in September 2016; offering an opportunity for innovative FinTech start-ups to collaborate with Thomson Reuters EIKON App platform. For the first time in India, Thomson Reuters has opened up the doors to its EIKON App studio for start-ups and technology companies in BFSI industry.

Watch this brief video for a glimpse of the award ceremony!


IBSFINtech’s Technical Director, T M Manjunath, shared excitedly, “We are glad to be associated with EIKON App Studio, as this opens up new avenues of opportunities for our software solution by providing access to the global library of specialist applications that offer analysis, calculations, data visualizations and communication capabilities across asset classes.” He further adds, “This is an excellent opportunity for IBSFINtech to work in collaboration with Thomson Reuters and co-create best of FinTech solutions for the industry.”

Swimming against the tide, the company was selected in the Top 8 innovators out of 59+ startups that applied in the challenge. After detailed demos & elevator pitch to the jury panel, IBSFINtech was unanimously selected as the winner of Thomson Reuters FinTech Innovation Challenge 2016.

Now this qualifies IBSFINtech to go on-board the EIKON App studio along with mentorship from the FinTech Industry Leaders and co-create innovation for the industry.

A joint press release is expected once the app is released on the EIKON App studio.

Some media coverage links so far:

Digit.in | DQIndia | Chennai Patrika