AGSTTL Wins The BEST DISRUPTIVE INNOVATION of THE YEAR AWARD

India’s only end-to-end payment solutions provider in the banking, retail and petroleum sectors, AGS Transact Technologies Ltd has been recognised for providing the Best Disruptive Innovation of the Year in the Financial  Services category for its flagship product, Intelligent Cash Deposit (iCD), at the Disruptive Tech & Innovation Summit & Awards 2016.  Held in Bengaluru, the first edition of the award focused on ‘Techno-optimism, new age thinking in the age of futuristic technologies’, bringing together experts and professionals from eminent companies including Kotak, Mahindra, Reliance, Bharati Axa and many more across industries.

Introduced in the year 2015, iCD is equipped with state-of-the-art technology with capabilities to handle, manage and identify counterfeit notes among large volumes of cash single-handedly at retail locations like bank branches, retail enterprises, and petrol pumps. In a short span of time, iCD has carved out a niche for itself and garnered a phenomenal response, with a robust portfolio of leading brand names like Big Bazaar, Shell, Indigo airlines, Vijay Sales, Grofers and so on.

Led by the KamiKaze B2B Media group, the Disruptive Tech & Innovation Summit & Awards 2016 focused on recognizing cutting-edge technology solutions. Strategically guided by a strong JURY comprising of Uma Mohan, CIO, GE Healthcare, K.R.C. Murthy, VP-CTO, Deutsche Bank, Damodar Sahu, Partner & Industry Advisory-Digital, Wipro, Ranendra Datta, VP & CIO, SABMiller among others; these industry experts carry out a detailed nomination process. The jury members got in touch with each participating company to understand their nomination, rating them on a 5 point parameter to decide the winner under each category.

Commenting on the achievement,  Ravi B. Goyal, Chairman and Managing Director, AGS Transact Technologies Ltd. said, “We are delighted to receive this recognition for our flagship product iCD which within a short span of time has revolutionized the industry. At AGSTTL, it is our constant endeavor to develop future-ready products that transform the way our customers do business enhancing end-consumer’s experience. iCD offers best-in-class technology to our valued partners with comprehensive services of cash management and best return on investment (ROI).”

Recently, AGSTTL won the most ‘Innovative Product of the Year award’ at the CMO Asia Awards held in Singapore, for its cash management solution provided through iCD and SVIL. AGSTTL’s iCD combined with Cash-in-Transit services of its subsidiary Securevalue India is country’s first and only intelligent cash management solution aimed at streamlining the complex processes of managing cash across industries like Retail, Banking, and Hospitality etc.