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Hotfoot Technology Bags ‘Best Lending Solution’ Award

Hotfoot Technology

Hotfoot Technology Solutions which started in the year 2016 bagged the prestigious Frontiers in Cooperative Banking Technology Awards (FCBTA) 2020 in the category “Best Lending Solution”. The glittering event was held in virtual mode keeping in mind the pandemic, which was Presided by Shri Parshottam Rupala Union Minister of State Govt. of India – Agriculture and Farmer Welfare. The award is for their product RAPID which provides a real-time solution to perform the entire process at the point of sale, RAPID helps in reducing TAT. Also, the platform provides straight-through processing from origination to disbursement.

Hotfoot Technology Solutions is a new age FinTech and CreditTech company, providing optimum end-to-end solutions for digital & automated lending to financial institutions and loan aggregators. Based on the ideology – “Productivity can be increased by automating predictable activities”, a richly experienced core team with wide knowledge in Financial Services and Technologyspurs life to this ideology.

Co-founded by Banker Vivek N and Techie Rajesh Venkatesan in 2016 is a perfect synergy of financial knowhow and technology minds, Hotfoot aims at revolutionizing the way lending is done in India. Hotfoot is a trendsetter in Financial Technology by bringing best & innovative practices in delivering Digital Automation solutions and services from ideation to execution, thereby enabling clients to outperform the competition. This new-age FINTECH & CreditTech Company with 85+ member vibrant team is headquartered out of Chennai, with an additional office in Bangalore.

Hotfoot strongly aims at improving customer experience in the financial industry by making the entire process quicker, simpler, and more efficient.

Reacting after receiving the award Vivek, Founder & Managing Director said, “It is a matter of great honor to be recognized by the reputed FCBTA and this also increases our responsibility in the FinTech & Credit Techspace to bring in more innovative solutions and stay ahead in the race when it comes to technology practices.”

FCBTA 2020 the 14th Edition of FCBTA Awards and the National co-operative Banking summit were held digitally to be in line with the new normal keeping in mind the safety and wellbeing of the sector and the participants. The Celebration to recognize the unique contribution to the sector has to happen for sure, though the method in which it was done had to be relooked at.

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