SKOCH FinTech Award 2018

Financial Technology or FinTech has changed the financial and banking system upside down. Technology and Internet has revolutionised the entire financial eco-system. FinTech is seen as one of biggest disrupters in businesses in the recent years. FinTech has been at the top of the new business interests. It dominates the start-ups ecosystem. FinTech has brought a dramatic change in the products being offered and target market.

India is a major player in the FinTech sector. It has witnessed strong user adoption, driven largely by the payments sector. Digital payments sector in India is estimated to be around $50 billion and is projected to touch $500 billion by 2020. FinTech would play a pivotal role in making India a cashless digital economy. India dominates the global IT sector. FinTech is the new sector where India can be the superpower and lead the world. SKOCH FinTech Award is aimed at identifying excellence and setting benchmark among different stakeholders of the financial technology sector.

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Click here to view the nomination form.

Who Can Nominate?

• Debit/Credit Card Issuer
• Financial Institution
• FinTech Organisation
• Merchant/Processor
• Online Payment Gateway Service Provider
• Payments Banks
• Prepaid/Smart Card Issuer
• Retailer
• Technology Provider
• Others (Please specify…………………….)


• FinTech in Lending
• FinTech in Payments
• FinTech in International Money Transfer
• FinTech in Personal Finance
• FinTech in Equity Financing
• FinTech in Corporate Banking
• FinTech in Consumer Banking
• FinTech in Insurance
• Artificial Intelligence
• Big Data & Analytics
• Blockchain
• Business Services
• Cards
• Compliance
• Consumer Services
• Cyber Security
• Delivery Channels
• Developer APIs
• Government Services • Infrastructure
• Internet Banking
• Mobile Experience
• Money Transfer
• M-Wallet
• Online Experience
• Payment Gateways
• Payment System
• PoS (Point of Sale)
• Risk Management
• Social Media
• Strategic Transformation
• Tap and Go
• Others (Please specify…………………….)


Part I:

1. Explain why it is to be considered for SKOCH Award?
2. If the Nomination were to win SKOCH Award, what should the citation read like to justify the Award? It should essentially explain; what difference has been made that makes this an outstanding nomination. (Max 100 Words)
3. Who are the Champions of this Nomination / initiative / achievement?

Part II:

1. Market Capitalisation / assets under management (in INR):
2. Total number of listed traders
3. One-year performance:
4. Mid-term and long-term performance:
5. Performance compared with peer group:
6. Performance compared with global markets:
7. Risk adjusted performance:

Part III:

1. Brief overview of the nomination.
2. Date since when the project/organisation has been operational.
3. Describe the innovative aspects of the project:
4. Describe the solution implemented:
5. Process followed for deployment/implementation:
6. Challenges faced before deployment:
7. Benefits of the solution implemented:
8. Details of coverage of the targeted population:
9. In case you are selected for certificate of merit/award, who in your organisation will receive it? (Typically, our awards are received by the head of the organisation.)



1. There is no Fee for applying for the SKOCH Award.
2. Selected Nominations will be called for Evaluation Presentation to the Panel of Expert Jury at New Delhi at their cost.
3. For each Nomination selected, only one person is allowed to be present / participate in the Evaluation Presentation. It is recommended that the best person for the job is nominated.
4. In case, more people wish to accompany the Presenter—limited to two persons only—a Participation Fee of INR 2,000/- (plus GST) per person, will be applicable.


1. Based on the presentation an independent Jury of domain experts will rank the Nominees.
2. Highest-ranking Nominees will be shortlisted and invited to seek Popular Vote from their beneficiaries and stakeholders. This voting is online and involves use of Twitter. Participation in Popular Vote is recommended.
3. Based on the Jury score and the Popular Vote SKOCH Order-of-Merit will be decided and declared in advance.
4. Merit Listed nominations will be invited to receive the SKOCH Order-of-Merit in New Delhi on 19th September 2018 (the date may change).


1. SKOCH Order-of-Merit winners qualify to run for the SKOCH Award – the highest Award in the competitive categories.
2. SKOCH Order-of-Merit winners will be entitled to contest for Expert Votes during the 53rd SKOCH Summit on the theme of “State of Development”. 400 National and international Delegates and Domain Experts are expected to participate and Vote.
3. SKOCH Award is decided on SKOCH Order-of-Merit score + Expert Vote score.
4. This is not a mandatory option, however, without the Expert Vote weightage, Nominees will be competing only on their SKOCH Order-of-Merit score. In the past, there have been instances of Nominees winning if their SKOCH Order-of-Merit score itself was high enough to not need the Expert Vote weightage.
5. Participation in Expert Vote process and Exhibition comes alongwith attractive mainline media PR & Publicity opportunities.
6. All scores are confidential.
7. As per SKOCH Award protocol, in-person participation of the Nominee is mandatory on 19th September 2018 at New Delhi.
8. SKOCH Award as well as SKOCH Order-of-Merit are neither announced nor conferred in absentia. If the Awardee is not present, the Award is withdrawn. In all cases, the name of the recipient has to be informed well in advance.
9. No Delegate Fee is charged from the Awardee.

Terms & Conditions:

• Nomination must reach by 17:00 hrs, IST on 21st August 2018
• Early Bird Benefit: Nominations received by 23rd July 2018 will get 5 additional points.
• Each submission must include: A completed Nomination Form / Project Information as per the enclosed format.
• Both hard and electronic copies (submitted via website) are needed. The hard copies should be duly signed and stamped.
• States from large number of nominations received may be considered for conducting of evaluation roundtable at state level. Send entries to info@skoch.in or in a CD at:
Skoch Consultancy Services Pvt. Ltd.
A-222, Sushant Lok – 1, Gurgaon – 122001
Haryana, India
Tel: +91-124-4777444 • One implementing agency can nominate more than one project/nomination.
• The Awards Committee can also at its discretion nominate projects or people that it feels are deserving and should be under the consideration set.
• Skoch Consultancy Services and its group companies reserve the right to reproduce submitted materials. These reproductions may be edited to suit the format.
• Submitted nominations cannot be withdrawn for want of Organisation approval/sanction, retracting submitted information, submitting additional information or any other related cause. Organisation approval sanction should be acquired beforehand.
• SKOCH has the approval of checking the authenticity of the provided information by contacting the organization’s head, senior manager, IT staff, consultants, suppliers or business partners. The provided information and context may or may not be revealed to these parties, depending on the situation.
• Skoch would retain the right to ask for additional information or clarification from the nominee. Co-operation from the nominee would be highly appreciated.
• Since Peer Evaluation is integral to the SKOCH Award, maximum of 5 per cent weightage of total score obtained by each nomination in Peer Review is added to the Jury score. All Jury ratings are done on an absolute basis with a cap of 10 Points that can be scored by any Nomination.
• Top performing Nomination that can contribute to best practices will be conferred SKOCH Order-of-Merit Award in September 2018. Amongst SKOCH Order-of-Merit recipients the Nomination with highest national ranking would be conferred SKOCH Award in September 2018. For Ethics Policy please visit


Click here to view the SKOCH Award Photographs.

SKOCH Awardee List

S.NoAward CategoryProject NameOrganisation
1Fintech in LendinguConnectPNB Housing Finance Limited
2Big Data & AnalyticsUsage of Analytics to Make Life SimpleSBI Cards & Payment Services Pvt Ltd
3Government ServicesComprehensive Financial Management SystemAndhra Pradesh Center for Financial Systems and Services


Click here to view the SKOCH Order-of-Merit Photographs.

Order-of-Merit Awardee List

S.NoAward CategoryProject NameOrganisation
1FinTech in LendingePayLaterArthashastra Fintech Pvt. Ltd.
2FinTech in PaymentsBharat Bill Payment SystemNational Payments Corporation of India
3Fintech In PaymentMulah – The Smarter Smart CityNextgen Telesolutions Pvt Ltd
4Government ServicesComprehensive Financial Management SystemAndhra Pradesh Center for Financial Systems and Services
5ComplianceCompliance at SBI CardSBI Card
6Financial InstitutionGayatri Mobile Banking ServicesThe Gayatri Cooperative Urban Bank Ltd
7Big Data & AnalyticsUsage of Analytics to Make Life SimpleSBI Cards & Payments Services Pvt Ltd
8Financial InstitutionSamooh Samaveshan (SHG)Narmada Jhabua Gramin Bank
9Financial InstitutionGayatri ATM ServicesThe Gayatri Cooperative Urban Bank Ltd
10FinTech in PaymentsPayMatePayMate India Pvt Ltd
11Micro Finance ServicesMicro FinanceAtulya Nirman Micro Finance Association
12Debit/Credit Card IssuerDoctor’s SBI CardSBI Cards & Payments Services Pvt Ltd
13Government ServicesMass Health Insurance SchemesAXA France Vie Indian Reinsurance Branch
14Payment SystemShiksaPayEshiksa Technology Services Pvt Ltd
15Payment GatewaysCCAvenueInfibeam Avenues Ltd
16Mobility Led Digital Payments Solution Automating the Payroll Processing for Health Workers Under ICDSYES Bank
17FinTech in PaymentsNational Electronic Toll Collection (NETC)National Payments Corporation of India
18Fintech in LendingµConnect - A Collaborative Service PlatformPNB Housing Finance Ltd
19M-WalletDigi Dhan Lakshmi - A Cashless InitiativeAditya Birla Payments Bank
20PublicLoan ServicesUnimoni Financial Services Ltd
21FinTech in PaymentsPayswiff Payment Transaction SolutionsPayswiff