Datamatics CERSAI 'Bot As a Service' wins IBS Intelligence Global Fintech Innovation Awards 2021

25 Jan 2022 , 03:45 PM

Datamatics Global Services, and BPM Company on Tuesday has announced that it has been recognized by IBS Intelligence (IBSi) for the Most Innovative Use of Process Automation Award: Most Impactful Project at the IBS Intelligence Global Fintech Innovation Awards ceremony. The prestigious awards program identifies and honors technology players and banks for their excellence in driving impact through innovative financial technology implementations.

Datamatics CERSAI ‘Bot As a Service’ case study wins the award for implementing a ready bot for one of India’s largest private bank. The bot automates updation of Central Registry of Securitization Asset Reconstruction and Security Interest of India (CERSAI) system (a third party / government system) with the borrower and property details for all mortgage cases.

The automation enabled the bank to improve turnaround time by 92% with 100% accuracy. Leveraging its domain expertise and TruBot RPA, Datamatics has developed ready bots for a number of industry processes which are used extensively by its clients across BFSI, logistics, and manufacturing verticals.

Speaking on occasion, Mitul Mehta, SVP & Head, Marketing & Communications, Datamatics, “Intelligent Automation is a key strategic priority for businesses today. Using Datamatics’ bot-as-a-service, Powered by TruBot RPA, organizations can eliminate the implementation time and start automation in a jiffy.

This seamless automation has enabled many of our clients to accelerate their digital transformation journey. We are happy to win the global IBS Intelligence Global FinTech Innovation Awards 2021 for TruBot-as-a-service.”

The IBSi Global Fintech Innovation Awards highlights the most innovative and impact-generating Fintech projects with over 190 participants from 48 countries across 30 categories. The entries were assessed based on several factors such as Program Complexity, Program Governance, Best Practices & Tools Adopted, Originality & Simplicity, Adaptability of the concept, Innovation Excellence, and Customer Impact before coming up with the coolest in FinTech!

Datamatics Global Services ended at Rs312.05 per share up by Rs11.05 or 3.67% on Sensex.