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LONDON, Dec. 9, 2022 /PRNewswire/ -- The prestigious Banking Tech Awards awarded TerraPay, a leading global payments infrastructure company, the "Best Data Usage" award for the year 2022. For the past 23 years, the Banking Tech Awards have recognized and honored excellence and innovation in the use of IT in financial services around the world, along with the people who make it possible.
The 'Best Use of Data' award recognizes TerraPay's commitment to creating innovative payment solutions for members and empowering them with efficiency, security, transparency and the power of data. In July 2021, TerraPay established a dedicated and comprehensive analytics function. Over the past 1.5 years, the company has invested heavily in this feature to implement complex reporting and analytics use cases that have dramatically improved the scale and quality of decision logic, new product development, and helped develop innovative leadership.
"We are truly excited and honored to be recognized by the coveted Banking Tech Awards for our continued efforts in creating innovative payment solutions," said Ambar Sur, Founder and CEO of TerraPay. "I would like to congratulate the TerraPay Analytics team for the countless efforts they have put into achieving TerraPay's goals. We look forward to our continued innovation in the fintech industry as we bridge digital payment gaps," he added.
Regarding the recognition, Saransh Verma, Director of Analytics at TerraPay, commented: "I want to express my sincere thanks to the Banking Tech Awards for recognizing us. TerraPay embarked on the Analytics journey in July 2021 with the goal of improving productivity. , facilitating data-driven decision-making at TerraPay and empowering partners with insights that help grow the business I would also like to thank our partners and the entire TerraPay team whose support has been the driving force in the feature of analysis to achieve its objective.
The Banking Tech Awards are owned by FinTech Futures, the definitive source for news and analysis of the global fintech industry. The awards were determined by a panel of analyst judges and announced at the awards ceremony at the Royal Lancaster Hotel in London.
Based in the UK, TerraPay believes that the smallest payment deserves as safe a borderless journey as the largest. The company has been building an ever-expanding payments highway that enables businesses to create transparent customer experiences with a seamless, secure, real-time global pass through for every payment, large or small. Licensed and approved in 26 global markets, the TerraPay companies are a leading global partner for banks, mobile wallets, money transfer operators, merchants and financial institutions, creating a more expansive and inclusive international financial ecosystem. With access to a payments infrastructure that spans the globe, its partners become beacons of the promise of global financial inclusion.
For more details, visit terrapay.com
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