Cygnet is exhibiting at the Indian Banking Summit, Mumbai 13th-14th June

Cygnet Infotech, an Ahmedabad Infotech company providing Fintech and Tax Technology Solutions to corporates, banks and NBFCs is participating in the IBS 2019 that seeks to provide a platform for industry stakeholders to work out a road map for unleashing the true potential of the sector. End Quote

(1888PressRelease) June 11, 2019 - Cygnet Infotech, a technology company headquartered in Ahmedabad who is also a GSP with a suite of Tax Technology and Fintech products helping more than 750 clients automate their tax compliances, is participating in the Indian Banking Summit- 2019, Mumbai. This Summit is all about the Dynamics of Banking Business in India.

The IBS 2019 is all about “The Next Generation of Banking” and seeks to provide a platform for industry stakeholders to work out a road map for unleashing the true potential of the sector. Keeping in sync with this theme, the discussions at the forum would focus on the ongoing changes including the evolution in the Banking Industry, Consumer values, Technological disruptions, Digitization etc. with a view to understand the influence of these developments on Banking business and explore the need for operations excellence; new products and a pool of next-gen leaders to sustain high growth in the present changing financial environment.

The banking industry is expected to propel its growth in the coming years due to various factors like the growing middle class, expanding the working-age population and increasing disposable income levels in the country. Such an industry needs some smart solutions to improve the processes through innovation and technology.

Cygnet which has been in the space of developing and providing cutting edge technology products in the tax technology space has come up with a dynamic credit assessment engine - FAME - Financial Assessment Made Easy. This unique offering pulls data from sources like ITR, MCA, and GSTN to assess the creditworthiness of a potential loan seeker for banks and NBFCs. With access to data from multiple government sources and bank statements, it can present a very realistic picture of the credit repayment capacity of a client. It is a revolutionary product that is empowered by technology and automation and capable of completing credit assessment in minimum time. Cygnet team would be showcasing this and many of their other Tax Technology products at the event.

You can meet the Cygnet GSP team at their booth to know more about FAME and their Tax Technology solutions Vendor Portal, ASP-GSP Solution, Audit Tool, FACE – Financial Accounting Comprehensive and Easy and blockchain enabled digital signing solution – Cygnature.

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