Chennai: FSS, a Payments & Fintech leader, announced the winners of FSS Payments Productathon 2017, today. The winning team was “Trektics” which developed Treasury Management System (TMS) to addresses payments issues like delayed settlements, counter-party authentication difficulty, untraceable, intermediaries, and database inefficiency.
Announced in January 2017, Payments Productathon is hosted by FSS in association with NASSCOM and TiE, Chennai with an aim to fostering innovative and disruptive ideas. Participants were presented with multiple themes like IoT, Smart Cities, Mobility, Cloud Payments, BoT / AI, Blockchain, Cash & Cardless World.
FSS Payments Productathon 2017 winners
* Trektics Treasury Management System using Blockchain technology
* Pally, a tax saver chat bot using AI
* IoT driven banking product selling platform
Special Recognition
Jarvis, a financial chat bot to improve the interactivity between customers & application Developed using permissioned Blockchain technology and Hyperledger Fabric 1.0, Trektics’ TMS offers a market payments platform, with smart contracts and zero knowledge proof features. Artificial Intelligence (AI) and Internet of Things (IoT) also gained the jury’s attention at FSS Payments Productathon 2017.
Pally, the first runner up, is a “Tax Saver chat bot” that advises people to do their tax saving investments by reading their pay slips. The second runner up used IoT to assist selling and cross selling of banking products. Jarvis, a financial chat bot that helps create highly intelligent system to improve the interaction between customers and application, received special recognition.
Speaking at the felicitation event, Mr. Suresh Rajagopalan, President – Software Products, FSS, said, “We are overwhelmed with the response Productathon has received. Digital payments is the most exciting space, today. While on the one hand retail banking technology is changing constantly, on the other wholesale banking customers are demanding faster, simpler and secure payment solutions. Many of the ideas presented have the capacity to disrupt and define the future of digital payments in both retail and wholesale banking space. We are quite excited to work on transforming them into products that we can offer our clients.”
FSS has spearheaded the growth of retail & whole sale payments in India by serving banks, financial institutions, merchants, governments and other verticals through a rich portfolio of innovative software products, software services and hosted payment services. The rapidly growing FSS clientele includes over 100 leading global banks, some of the world’s largest processors and retailers.
For more information on FSS Payments Productathon, please visit http://www.fsstech.com/events/.
