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SunTec wins Software Product Management Excellence Award

SunTec recognized for their innovative product, Xelerate for Open Banking

Bengaluru, India, 01 March 2019: – SunTec’s Xelerate for Open Banking has won the SPM (Software Product Management) Excellence Awards 2019 organized by ISPMA (International Software Product Management Association) in association with IIM Bangalore in the category of new product from a mature company. The event was organized at IIM Bangalore on 14th & 15th February 2019.

Open Banking has created new avenues for innovation and growth in the digital banking world. Regardless of region, the momentum toward open banking models seems clear, requiring banks to position themselves for success in a new environment and to anticipate the likely customer impacts. SunTec’s Xelerate for Open Banking can enable your bank to embrace the Open Banking economy and transform from being a mere utility provider to a true value aggregator. The Open Banking solution enables you to achieve this through end-to-end management, monitoring, and monetization capabilities across the value chain.

SPM Excellence Awards are instituted to celebrate excellence in software management practices and showcase the best practices and role models. The parameters for evaluation were Business Performance, Innovation, and Maturity of Software Product Management. Our journey to winning the award started in the middle of December 2018, going through 3 rounds – Award documents Submission, Interview and detailed review post review we were shortlisted among the top 5 and the final presentation at IIM Bangalore. SunTec is invited to present Xelerate for Open Banking product solution at SPM summit in Frankfurt, Germany, from 9th April to 10th April in Frankfurt.

Indian IT firms are known majorly for the services they provide. As a first, International Software Product Management Association (ISPMA) and IIM Bangalore joined hand to recognize and felicitate the Indian software product management industry.
Commenting on this achievement Nanda Kumar, Founder and CEO of SunTec, said,” This award is a testament to SunTec’s enormous potential in the Open Banking market space and our passionate team who deliver world-class solutions to a global client base of loyal customers along with our strong focus on innovation and technology.”
Xelerate for Open Banking ensures effective service & revenue monitoring and provides useful insights for the relevant stakeholders and decision-makers through analytics-driven dashboards. The Centralized product catalogue across business lines and partner network enables easy cross-sell and up-sell of products through co-innovation.

To find more SunTec financial services offering including its Xelerate suite of products, please visit: Financial Services by SunTec

About SunTec

At SunTec Business Solutions, we help our clients increase the lifetime value of their customer relationships through effective revenue management and real-time customer experience orchestration. We are the leading provider of experience orchestration solutions not only to financial services but also digital and communications services industries. With a legacy of deployments in 40+ countries, SunTec is a trusted partner of the world’s leading banks and digital and communication service providers. Headquartered in India, we have our offices in USA, UK, Germany, UAE and Singapore.

With a team of highly skilled folks and our highly innovative product development models, we help our clients to always remain at the cutting edge of technology. A stable, mature and flexible product suite, Xelerate is benchmarked regularly for optimum performance. Coupled with insights from our industry experts and a robust future-ready roadmap, Xelerate continues to develop along with the market. Able to seamlessly integrate with any ecosystem, it is one of the fastest products to implement.

SunTec Press Contact: media_relations@suntecgroup.com