Gartner Selects Arthayantra As A Cool Vendor India, 2016 For Digital Innovation

Chandigarh, May 9, 2016: Gartner Inc., one of the most respected and valued consulting and research firm across the world, selected world’s only full-service Robo Advisor, ArthaYantra as Cool Vendor India for the year 2016 for Digital Innovation in Artificial Intelligence (AI) and Machine Learning. Every Year Gartner selects firms across the world which innovates in 5 different areas including technology, use of technology, business model, transformative nature and newness. Companies are considered basis innovation or transformation for products, services or initiatives.

Quote from the Gartner report: “Why Cool: ArthaYantra is India's first company to introduce algorithm-based Robo Advisor (a class of financial advisor) services. ArthaYantra aspires to cover all major aspects of personal financial needs with its offering, compared with other wealth investment service providers that focus on only a particular area of finance, such as security investments or real estate purchases.”

“Who Should Care: Enterprises in various industry verticals, including government organizations, should both take some lessons from ArthaYantra and potentially partner with it to develop and embrace an algorithm-based digital business. An algorithm-based business model is useful not only to build an analytics-based approach to exploit new business and operational opportunities, but also to potentially bring real value in scaling to meet India's huge product and service requirements. ArthaYantra has already successfully applied this approach to its financial services and has shown that it can be used in other verticals as well, such as government.”

“The recognition from Gartner is an endorsement to the fact that we can deliver best in class financial advice to everyone using cutting edge technology. It reaffirms our belief that we are uniquely placed across the world, with our AI and machine learning based Full Service Robo Advisory to service the ever growing market in India and across the world,” said Mr. Nitin Vyakarnam, Founder and CEO, ArthaYantra.

ArthaYantra uses proprietary frameworks using artificial intelligence and machine learning to deliver world class financial advice to individuals in India. It currently has over 90,000 registered users from 650 cities in India and over 30 countries enabling them to fulfil over 4 lakh financial goals through ArthaYantra.