Pennant Technologies Wins Bronze Stevie in 2021 International Business Awards

By August 25, 2021 No Comments

Recognized for its next generation Lending Platform, pennApps Lending Factory


Hyderabad, India; August 25, 2021Pennant Technologies, a leading FinTech company delivering future-ready solutions to the global banking and financial services industry, today announced that its flagship product, pennApps Lending Factory, has won the Bronze Stevie® Award in the Fintech Solution category in The 18th Annual International Business Awards®.

pennApps Lending Factory (PLF) is a comprehensive, state-of-the-art lending platform built on Pennant’s next generation Application Framework. Leveraging the novel concept of functional factories and business process driven execution engines, PLF’s product architecture delivers the required modularity, flexibility and componentisation for customers including banks and financial institutions to define, deploy and manage the business processes without any dependency on vendor or internal technology teams. PLF’s customer base includes leading banks and top mortgage companies across Asia.

“We are honored at receiving this prestigious recognition, that aptly reflects our commitment and capabilities to deliver a differentiated product to our clients,“ said Rama Krishna Raju, Director and CEO, Pennant Technologies.  “Despite a tough and challenging period last year, owing to the Covid-19 pandemic, our clients have continued to reinforce their faith and trust in our product. pennApps Lending Factory has been helping our clients’ successfully meet their key business imperatives of improving their customer experience by extending products and services to digital delivery channels, launching differentiated product offerings with improved time-to-market and enhancing operational efficiencies.”

The International Business Awards (IBAs) are the world’s premier business awards program. The 2021 IBAs received entries from organizations in 63 nations and territories. More than 3,700 nominations from organizations of all sizes and in virtually every industry submitted this year for consideration in a wide range of categories.

“What we’ve seen in this year’s IBA nominations is that organizations around the world, in every sector, have continued to innovate and succeed, despite the setbacks, obstacles and tragedies of the ongoing COVID-19 pandemic,” said Maggie Gallagher, President, Stevie Awards.  “All of this year’s Stevie Award winners are to be applauded for their persistence and their resilience.  We look forward to celebrating their achievements with them.”

Details about The International Business Awards and the lists of Stevie Award winners are available at

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About the Stevie Awards

Stevie Awards are conferred in eight programs: the Asia-Pacific Stevie Awards, the German Stevie Awards, the Middle East & North Africa Stevie Awards, The American Business Awards®, The International Business Awards®, the Stevie Awards for Women in Business, the Stevie Awards for Great Employers, and the Stevie Awards for Sales & Customer Service. Stevie Awards competitions receive more than 12,000 nominations each year from organizations in more than 70 nations. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about the Stevie Awards at

About Pennant Technologies

Pennant Technologies is an agile, innovative FinTech company that delivers future ready, easily adaptable and configurable products and solutions for global banks and financial services companies. Our customer-centered approach and market-centered innovation help our clients transform their business operations, deliver differentiating customer experiences and drive competitive advantage. We provide agile software solutions for managing customer experience, loan lending and payment processing systems and specialized Islamic banking solutions.

Founded in 2005, Pennant is headquartered in Hyderabad, India and has offices and technology centers in UK, Dubai, Hyderabad and Visakhapatnam.

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Media Contact

Shrinivas Krishna Rao

Pennant Technologies