SunTec Business Solutions, a leading IT product company based in Trivandrum, has won the Red Herring 100 Asia award at the Red Herring Asia 100 event held in Shanghai, China last week.
The honour is given every year to the most promising technology companies that are expected to lead the next wave of disruption and industry innovation. SunTec CEO K Nandakumar received the award from the CEO of Red Herring Alex Vieux.
Accepting the award, K Nanda Kumar, CEO of SunTec said, “It is an honour to be selected as a Red Herring 100 winner. Relationship-based Pricing (RBP) is among the most innovative technologies that have dawned on the Banking and Financial Services Industry in the last decade. RBP was pioneered by SunTec way back in 1999, and has been defining the BFSI market across the globe. The award comes as an endorsement of our efforts in innovation. Today our solution transcends industry barriers and redefines the transaction pricing and billing space across various verticals, including telecom, utilities, ports, retail, hospitality, leasing and logistics”.