March 28, 2024

The Business Day

Latest news on business, economy, startups

OPEN’s Co-founder & COO, Mabel Chacko was awarded the Fintech Woman of the year Award

The world’s fastest-growing digital banking enterprise, Open Financial Technologies was awarded the Best Digital Banking Solution at the Global Fintech Awards 2022, as part of the Global Fintech Fest being held at Mumbai. 

Open’s Co-founder and COO, Mabel Chacko also won the Fintech Woman of The Year Award at this inaugural edition of the fintech awards. 

A few months ago, OPEN was hailed by the startup ecosystem, government and other stakeholders in the Indian business community for becoming the 100th Unicorn from India. Open started out as a neobanking platform that empowers SMEs, startups and freelancers to manage everything from banking to automated accounting, payments, bookkeeping, expense management, compliance and payroll in one single platform. Founded in 2017 by Anish Achuthan, Mabel Chacko, Ajeesh Achuthan and Deena Jacob, today OPEN powers business banking for over 27 lakh businesses across India.

As the journey progressed, OPEN saw a gap in the market and the need for a digital banking OS that not only helps businesses, but also brands (fintech & non-fintechs) and banks. OPEN then launched Zwitch, Asia’s first end-to-end embedded finance platform, to empower fintechs & non-fintechs to embed financial services into their product or service. Furthermore, they launched BANKINGSTACK, a modern cloud-native fintech OS that helps banks and financial institutions strengthen their digital banking experience for their end-users. This innovation and execution led to OPEN emerging as a leading digital banking enterprise. 

Speaking about the awards, OPEN’s Co-founder & CEO Anish Achuthan said, “It’s definitely a proud moment for all of us at OPEN. Over the years, we have been working on transforming the experience of digital banking for key stakeholders like businesses, brands, and banks by building an ecosystem that caters to the specific needs of these players. We firmly believe in democratizing fintech for everyone and that’s why we built this Digital Banking OS. This recognition only motivates us to solve newer problems and improve the overall digital banking experience for the entire business and banking ecosystem.”

Anish Achuthan will be speaking at the Global Fintech Fest on 21st and 22nd September on ‘Neobanking – A Digital Bank?’ and ‘Banking 4.0- The future of financial services’ while Deena Jacob, OPEN’s Co-founder & CFO will be speaking on the ‘War of the Super Apps’ on 22nd, September 2022.