Syndicate Bank wins Skoch Awards 2016By Raj Udupi
Udupi Today Media Network
Udupi, 01 January 2016: Syndicate Bank has been awarded with the prestigious Skoch awards 2016 for providing outstanding Information Technology Products in India; viz., “Skoch Smart Technology Silver Award 2016” and “Skoch Order-of-Merit” during the 46th Skoch Summit held on 16thDecember 2016 at New Delhi.
Skoch Group is a Gurgaon based think tank dealing with socio-economic issues with a focus on inclusive growth. The group has instituted India’s highest independent civilian honours in the field of governance, finance, technology, economics and social sector. This group hosts the Skoch Summit annually and presents “Skoch Order-of-Merit” and “Skoch Smart Technology Award” to the best performing institutions in such fields of operation.
This year SyndicateBank has been awarded the Skoch Smart Technology Silver Award 2016 for developing and implementing the following solutions.
1. NPA Tracker
2. Geo Tagging Application
3. Online Fee Collection Facility to Small Institutions
The aforesaid nominations were shortlisted and the products were well appreciated during the presentation which was attended by other Bankers and Insurers along with Jury of eminent experts. The evaluation was through scoring by the Jury and peer evaluation by the co-contenders.
A brief overview of the projects selected for the above awards is given below:
1. NPA Tracker – This is a mobile app to assist the Bank Branches to keep track of and prevent slippages of accounts to NPA category.
2. Geotagging – This mobile application helps to keep track of the securities pertaining to loan accounts by linking the details of the securities to the collateral IDs of the loan accounts.
3. Online Fee Collection facility to Small Institutions -A module that supports on-line fee / donation collection to Small non-commercial organizations like Schools and Temples who do not have a regular IT setup or a dynamic website.
Sri K Srinivasa Rao, General Manager of the Bank received the awards in the function held on 16.12.2016, at New Delhi.
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