IRIS Business Services wins Financial Express award for India's best Fintech

30 Aug 2022 , 02:24 PM

Navi Mumbai based IRIS Business Services Limited has won recognition as India’s best Fintech Company.

Last Friday, the company received an award from Union Finance Minister, Nirmala Sitaraman anointing it India’s best fintech in Mumbai. The Award has been instituted by Financial Express which is a part of the Indian Express group.

The selection of IRIS was by the jury chaired by S Ramadorai, Former Vice-Chairman, Tata Consultancy Services. The other eminent members were Amit Chandra, Chairman, Bain Capital, B Mahapatra, Former Executive Director, Reserve Bank of India and Chairman, NPCI, R Shankar Raman, Director & Group CFO, Larsen and Toubro, Amit Tandon, Managing Director, IIAS India and Sharad Sharma, Founder, iSPIRT.

“Our transformational work over the last 15 years with RBI has won us this recognition,” said company Founder & CEO S Swaminathan.

“For RBI, we developed the taxonomy and deployed our software to assist RBI (Reserve bank of India) collect pre-validated data from banks. CRILC too has been built on XBRL format,” adds IRIS Co Founder, K Balachandran.

Notably, a few years ago, RBI won global recognition for the use of XBRL.

At around 2:25 PM, IRIS Business Services was trading at Rs87.10 per share lower by 0.63% on the BSE.

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