HCL Infotech has won two Skoch Order-of-Merit Awards for its formidable contribution in the field of Financial Inclusion at the 40th Skoch Summit - ‘Making India $20 Trillion Economy’, held in Mumbai.
The awards were in the ‘Access to Banking & Financial Services’ and ‘Solution Development’ categories and was presented by Mr. Hemant Contractor, Chairman, PFRDA (Pension Fund Regulatory and Development Authority) to Sandeep Kanwar, Chief Executive, HCL Infotech and Avinash Bector, Head Financial - Inclusion.
HCL Infotech won the Access to Banking & Financial Services award for its outstanding contribution as a technology infrastructure and service partner to nationalized and regional banks, enabling them to offer financial services at an affordable cost to the vast sections of unbanked and under-banked population in remote, rural and urban areas. The award for Solution Development was given to the company for developing an innovative set of technology solutions which have catalyzed the process of financial inclusion in India.
The Skoch Awards celebrate human excellence and agents of change in Indian society. The Awards recognize exemplary contribution to salutary transformations in the society and governance. Since its inception in 2003, the Skoch Awards have become the only independent benchmark of best practices in India in the fields of governance, finance, banking, technology, corporate citizenship, economics and inclusive growth. From the huge numbers of nominations received, only top-scoring projects, judiciously screened by a distinguished and independent jury, makes it to the Skoch Order-of-Merit.
Speaking on the occasion, Sandeep Kanwar, Chief Executive, HCL Infotech Ltd. said, “We are honored to receive this prestigious award in recognition for our contribution to integrate un-banked and under-banked population into the mainstream banking system. Our efforts to universalize banking access and financial inclusion are aligned to the spirit of Pradhan Mantri Jan-Dhan Yojna. We are privileged to work on this important mandate along with our partners and other stakeholders and bring about innovative ICT solutions that will have a real impact on delivering financial inclusion.”
Through a channel of Business Correspondent Agents (BCAs), HCL Infotech provides end-to-end Financial Inclusion solutions, ranging from consultancy services to hardware and embedded software application that includes HCL Micro ATM, Smart Card, Aadhaar based biometric authentication for secured banking transactions and last mile IT Infrastructure Support. With business relationships spanning 19 public sector banks covering 20,000 villages and a network of more than 9000 business correspondents, HCL Infotech has successfully delivered state-of-the-art technology-enabled solutions that have enabled more than 5 million account enrolments across 25 states in India.
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