Maximus' latest achievement took place in a remarkable double victory at Technoviti 2024. "Both of our novel solutions - ‘Fraud Risk Management System’ and ‘Agent Based Monitoring’ won high praise from the panel of judges that Banking Frontiers, in collaboration with EY India, had organized," said Uma Shankar, Maximus Software Founder, CFO, and CPO.

Maximus’ ‘Fraud Risk Management System’ helps protect not only financial institutions but also their customers. This solution uses the most advanced algorithms and machine learning to find and control fraud in real time, bringing a universe of coverage for all threats. The system examines patterns and anomalies in huge data sets, giving an optimal early warning of where risks might occur before they actually manifest as instances of theft or malfeasance. The ‘Agent Based Monitoring’ solution on the other hand was developed using intelligent computing of financial institutions where operational compliance is crucial.

The Significance of Technoviti Awards

The Technoviti Awards are in fact well known throughout the industry as a benchmark for innovation excellence in fintech product development. "The confidence that organizations have placed in Maximus products does not just speak for their high quality, but also to the unimpeachable reputation of Maximus. We wish to express our heartfelt gratitude to both the Technoviti Jury and EY India for taking note of our work. Experiencing solid growth and being awarded this recognition for our efforts represented a joint achievement made possible through the combined efforts of the whole team at Maximus, Shankar told subsequent to this award ceremony.

The People behind the Success

For Maximus, these two awards not only show acceptance from the market. They are in fact a crystallization of the persistent and innovative spirit which has run through the entire team who have worked relentlessly to achieve this. These achievements are not an end point but rather marking another stage along the way to keep researching new frontiers of technology, coming up with solutions that can meet future financial industries challenges.