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  Technology   In Other news  17 Oct 2019  6 Tech companies to watch out for in 2020

6 Tech companies to watch out for in 2020

THE ASIAN AGE
Published : Oct 17, 2019, 9:25 am IST
Updated : Oct 17, 2019, 9:26 am IST

This rundown exhibits 6 organizations that are utilizing innovation to to make their mark.

In 2019, the race for expanding the horizons of technological progress is faster than ever.
 In 2019, the race for expanding the horizons of technological progress is faster than ever.

The modern world is loaded with people with imaginative thoughts regarding how to create game-changing innovations for what's to come. With progressively effective and less expensive arrangements being offered for issues, the present strategies are probably going to end up out of date soon, ruling out organizations that battle to adjust to quicker approaches to make due in the market. 

In 2019, the race for expanding the horizons of technological progress is faster than ever. 2020 is all about stepping up the game. This rundown exhibits 6 organizations that are utilizing innovation to make their mark on the fields of investment, lending, identity verification, fintech, food tech and enterprise tech.

 

Veri5Digital - It is the leader in identity verification and management space. They aim to bridge the gap between identity and accessibility, by digitizing identity cards to ease access to essential services in financing, banking, gaming, and healthcare. Machine learning, data analytics, and blockchain are used to digitize and secure key government IDs including PAN card, Aadhar card, driving license, voter ID and passport to verify the identity of the user and use the same for KYC and access control.

Money View - It is an alternative option for availing personal loans in case one cannot qualify the bank's criteria. They are one of the few which not only deals with short term but also long term loans. Their credit risk management team are from the know Capital One organization and have been able to build an in house risk management team. They are the only one who does in-house underwriting due to their stronghold on data management and analytics. They disburse loans between Rs 10,000 and Rs 5 lakh, for a period of three to 60 months. and 60 per cent of the company’s customers come from smaller towns.

Groww - It is an app-based investment platform that has become a game-changer for a new generation of investors. The Sebi registered investment advisor focused on simplicity and transparency as its key USPs. The app has been designed to be like a buddy who understands millennial, powered by intelligent UI and UX. Today, 60 per cent of Groww’s user base is spread across the country, predominantly in tier 2 and 3 cities, and that percentage is only growing. 

HungerBox - It was started with a vision to revolutionize the corporate cafeterias and food courts. Since its inception, HungerBox has processed over 50 million transactions, making it India's largest B2B Food-Tech company. The ‘asset-light’ nature of our model and technology stack enables scalability. They work with companies in various sectors like IT/ITES, Product, Retail, Automobile, Healthcare and more. Their key clientele includes – Accenture, Capgemini, HCL, Wipro, Microsoft, Qualcomm, Microsoft, Tata Motors, ABB, BIAL, mPhasis and Lowe’s. HungerBox is an ISO 27001 certified company and has a patent-pending for its proprietary Technology Platform.

Apttus - Apttus is a SaaS platform and has seen growth on both the product footprint as well as global presence across every industry. The service is a single data model, offering many functions under one umbrella. It automates, optimizes, and applies AI to revenue generation and the management of key commercial relationships – the most important business process for any enterprise. It maximizes business outcomes by leveraging a single revenue view across an enterprise. Having created the industry’s first and only Intelligent Middle Office Platform which is available across Salesforce, IBM Cloud, Microsoft, and Azure powering its Quote-to-Cash, contract management digital commerce, and supplier relationship management solutions, Apttus enhances each solution with Max, its applied AI.   

MatchMove - MatchMove is a Banking as a Service (BaaS) platform and offers the user the ability to Spend. Send and Lend. MatchMove uses technology such as AI and ML to ensure its customers can move digital cash securely and have a seamless experience while doing so. The company also uses AI to assess the creditworthiness and risk factor while offering its lending services in order to prevent fraud. Its flagship product Lightspeed is a SaaS that allows businesses to launch their own customized app within three days of signing the contract with MatchMove.

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