ASSOCHAM names Valocity for excellence in innovation & technology at India Fintech Festival

Valocity India CEO, Sovan Mandal received the award.

Velocity, a global Fintech company has won the “Excellence in Innovation & Technology Award” at the Associated Chambers of Commerce and Industry of India (ASSOCHAM) India International Fintech Festival. The award was received by Valocity India CEO, Sovan Mandal, in the presence of esteemed dignitaries, officials, and representatives of industries and commerce including honorary guest and Ex-Finance Secretary, Mr. Subhash Chandra Garg. The festival is India’s leading interacting platform for the Fintech ecosystem, a global movement shaping the future of Fintech.

Commenting on the achievement, Sovan Manal, CEO at Valocity India said, “’ We are honored to win this prestigious award as it demonstrates the positive impact Valocity is having on our clients and the huge potential of our product to transform mortgage lending in India. When we entered the market, we promised to lead the way for the property ecosystem by delivering cutting-edge, cloud-based technology to enable digital data capture and automated valuation workflows. To be presented with this award is a testimony to the problem Valocity is solving for the industry.”

India is among the fastest-growing Fintech markets in the world, comprising over 3,500 Fintech start-ups. The Indian Fintech market was valued at USD $31 Billion in 2021 and is estimated to be worth USD $85 Billion by 2025.

Carmen Vicelich, Founder and Global CEO at Valocity said, “India is embracing digital faster than ever before, and it is exciting to be delivering much-needed automation and standardization to the property valuation process. While the Valocity platform is well established globally, it is exciting to be recognized for our localized India solution at these esteemed awards.”

India’s approach to digital financial inclusion is a global model and with initiatives such as Digital India, Housing for All, and India Stack, it has never been more important to embrace digitization and the latest data and technology. Velocity is proud to collaborate with the industry to deliver ongoing innovation, future-proof solutions, enhanced customer experiences, and timely data insights for informed decision-making.

Velocity is digitizing the entire end-to-end mortgage valuation process in a single seamless platform to deliver significant efficiency, risk and compliance management, and operational cost savings. Valocity’s advanced Valuation Ordering Platform is entirely cloud-based and has supported over $1.5 Trillion dollars in loan decisions globally.

Velocity connects the ecosystem of Lenders and Valuers with intelligent tools, giving clients an edge when it comes to industry benchmarking, standardized data capture, quality control, real-time portfolio analytics, risk mitigation, regulatory compliance, and ease of use for the Valuer.

Valocity is a FinTech PropTech company

Valocity is a FinTech PropTech company transforming and digitizing the property decisioning process globally with customers across Australia, New Zealand, India, and Asia. Velocity digitizes the entire property valuation process with its unique cloud-based valuation platform, with bespoke solutions for residential, commercial, and agricultural lending. It combines the best of nationwide property data with global technology and advanced analytics expertise to create customized insights, portfolio analytics, desktop valuations, and a Full Valuation Ordering Platform that enables data-driven decision-making and more seamless customer experiences.

For many of us, buying a home is often one of the most important and biggest financial decisions we will ever make.

Every bank in the world has to validate the value of a property before they can lend money to it. Velocity enables lenders to do this better and faster through its unique cloud-based technology, data, and design delivering seamless and relevant user experiences.

For over seven years, Valocity has connected the most valuers, brokers, and lenders in New Zealand, is life in Australia, India, and Singapore, delivering globally unique, cloud-based solutions to transform the world of valuation and mortgage lending.

Combining the best of technology, data, and people, Valocity drives innovation for lenders to transform the lending experience. We enable lenders to leverage the latest technology, make data-driven decisions, and adopt the solution quickly and easily.

We are proud to work with industry leaders and have an incredible team of game-changers, driving innovation and customer-centricity across the globe.

Because we believe #BetterNeverStops.