Syndicate Bank bags Skoch Award -2016 for its IT innovation

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Mangaluru: SyndicateBank has been awarded with the prestigious Skoch awards 2016 for providing outstanding information technology products in India. The bank was awarded by ‘Skoch Smart Technology Silver Award 2016’ and ‘Skoch Order-of-Merit’ during the 46th skoch summit held recently in 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 solutions, NPA Tracker, Geo Tagging Application and Online Fee Collection Facility to Small Institutions.

NPA Tracker is a mobile app to assist the Bank Branches to keep track of and prevent slippages of accounts to NPA category. Geotagging ia another 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. Online fee collection facility to small institutions is 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.

 

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