Vayana Wins Fidelity WyAQ Award for 2020

 

“Success today requires the agility and drive to constantly rethink, reinvigorate, react, and reinvent.” – Bill Gates

Being agile and dynamic is important because not just the environment but customers keep changing too, solutions need to change must faster in times like these. It’s our agility that helps cater to their exact needs.

For the same reason, this year, Nasscom and Fidelity came up with a unique challenge for fintech startups in India called What’s Your Agility Quotient (WYAQ) Award. The WyAQ Award, conceptualized by Fidelity, and with active support from NIPP (NASSCOM Industry Partnership Program) is a celebration of agility and the willingness to adapt to the fast-changing equations during the pandemic. This was introduced exclusively for Indian fintech startups. The award looked forward to recognizing startups doing exceptional work in two categories, i.e. “Fast learner” and “Money Maker” and offered lucrative rewards for the brands with the highest Agility Quotient. 

It’s a proud and humbling feeling, that we have been recognized as the best fast learning team by receiving the Fidelity WYAQ award, which includes ₹ 3 lakh cash prize and a Trophy. We hope to continue on the same path, going ahead so we can continue to work on it at scale. It is exciting indeed to see we are being recognized beyond business metrics – as an agile & fast learning firm.

The selection process was spread across three rounds, and there were a lot of applicants out of which Vayana Network won the award for being a fast learner and was also recognized for improvising its ways during the pandemic to make tremendous inroads. Several brands had breath-taking agility stories to share. The fact that this is the first time that NASSCOM has come up with something this unique for startups made it a sweeter deal.

About WyAQ Award in partnership with NIPP

Fidelity believes that we are all fighting a battle, some for acceptance and rest for survival. Irrespective of the industry you belong to, there is a new normal for you to see when you venture out. Instead of going into your shell and waiting for what transpires once the pandemic passes, it calls for you to take bold steps and fight it actively.

Fidelity, in collaboration with NIPP, decided to recognize the efforts of the organizations in going out and making a change and their ability not just to survive, but thrive. Instead of bogged down by the uncanny situation, these have been several brands that have shown resilience and the grit to exist.

It is a proud announcement to make that basis the Opportunity, Agility, Innovation & Thought Leadership, we were designated as the “Fast Learning Team” at the WyAQ Awards. We pledge to continue to power our consumers for becoming more agile and innovative, prospering them with multiple opportunities, and growing with them with each moment to come.

Why did we win?

We won the WyAQ award for being a fast learner and improvising our ways during the pandemic to make tremendous inroads.

Here’s how Raghuram Ramakrishnan, Product Head, Vayana Network, would like to describe the experience –

“This was for ‘Agility’ in the face of the pandemic and how we adapted to changing conditions. We presented on how we launched Retailer financing through a pilot in Chennai and lockdown happened, and we had to rejig our solution to make the entire onboarding and transaction process digital.

Despite the uncertainties, the challenges, we as a company performed admirably well.”