NEWS

 
ATMs are poised to grow more intelligent in understanding customer needs
“The all-pervasive ATM (automated teller machine) has turned fifty this year. John Shepherd-Barron came up with the concept of automatic cash dispenser after becoming frustrated at not being able to access his own money outside banking hours.
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The EMV Kernel has been integrated with the latest Vortex ATM models:
“ May 18, 2017 -First Abrantix EMV Kernel Approval in India “ The EMV Kernel has been integrated with the latest Vortex ATM models. Vortex is an innovative and leading provider of Automated Teller Machines (ATMs) and associated services for banks.
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Vortex Engineering - Redesigning the Financial Landscape with Ecoteller Mini ATMV - IBEF:
Nov, 2016 - With unwavering focus on low operating cost and high efficiency, Vortex Engineering has developed a reliable and secure range of ATMs that have changed the face of banking in India. Efforts such as these assume more ... Click for article
Vortex Engineering pvt limited Wins - CavinKare – MMA Chinnikrishnan Innovation Awards:
“Sep 9, 2016 - The Chinnikrishnan Innovation Awards “ focuses on the overall value of the innovation in terms of its uniqueness, its benefits to people and its ability to be scalable. The awardees will be assisted with patent legalities and a potential tie-up with banks and venture capitalists.
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Assisting in addressing the cash crunch in rural and semi-urban India- Ecoteller Mini ATM:
Ensuring last mile delivery to financial access, Ecoteller Mini ATMs by Vortex Engineering is the answer to the current cash crunch across the country. A Made in India product, the “Mini ATM” is best suited to address the financial need amongst the rural and semi-urban population. The Ecoteller Mini is ..
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Vortex gets featured in “Ordinary Indians Extraordinary Enterprise” by IBEF:
India Brand Equity Foundation (IBEF) interviewed Mr L Kannan, Founder, Vortex Engineering in its “Ordinary Indians Extraordinary Enterprise” in its special story coverage. In this special interaction with IBEF, Mr L Kannan discussed how he solved the innovation riddle to develop ..
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Launching of Startup India Movement, 16 Jan 2016:
To the Honble' Prime Minister Mr Narendra Modi; Mr R. Narayanakumar, Chief Development Officer, Vortex Engineering introduced and explained the Vortex's ATM product innovation and its positive impact on financial inclusion and environmental sustainability in the Launching of Startup ..
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A friend in need is a friend indeed; Vortex ATMs during Chennai Flood – Dec 2015:
Vortex team acted on war foot basis when it was rope-in in the UCO bank’s Mobile ATM service to help the people In need of money. Thus Vortex ATM with its least power consuming machine: helped the..
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May 1, 2014 : Indian startups emerge as preferred partners of country's banking sector on The Economic Times
Vortex builds and installs low-cost ATMs in rural and semi-urban India, which consume one-sixth the power of regular ATMs, a boon for the country's 6,50,000 electricity-starved villages.
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March 28, 2014 : Solar ATMs changing the face of banking in India on CNBC.com
At the Chennai factory of startup Vortex Engineering, technicians are building ATMs that can work far better in rural areas compared with conventional cash machines.
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February 22, 2014 : SOLAR ATMs – Transforming Rural Banking on Indiagetgreenblog.com
Vortex developed a solar ATM that not only consumes less power, but is also operational without air-conditioners. Moreover, it takes care of soiled teller grade notes as well.
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January 6, 2014 : A.T.M. Makers See Opportunity in Long Lines at Rural Branches of Banks on India Ink - NYTimes.com
Vortex Engineering, based in Chennai, has developed two A.T.M. models designed specifically for the rural areas of India, where the power supply is especially unreliable. Fisrt one The Gramteller Duo,
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December 29, 2013 : A.T.M. Made in Chennai on Eenadu sunday magazine
Vortex Engineering, based in Chennai, has developed A.T.M's models that consumes less power, to bring in banking services to rural areas through which rural users can withdraw money easly.
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November 9, 2013 : Vortex ATMs featured in incredible innovations on Times Now
Times now features Vortex CTO L.Kannan and CEO Vijay Babu as Amazing indians for their path breaking innovation in ATMs - helping the banks reach out. They have changed the face of rural banking
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September 19, 2013 : Vortex becomes the first Indian Vendor to get PA-DSS certification
Vortex ATM terminal application “Swave” has been certified by PCI security standards for PA-DSS compliance. Vortex Engineering private limited is the first Indian ATM/Kiosk vendor to be certified
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30 July 2013: Business Standard - ATM makers innovate to cash in on a boom
According to industry estimates, the current number of 1,20,000 ATMs would skyrocket to 4,00,000 in the next four years
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20 June 2013: The Economist – Innovating more with less in India
Solar-powered ATMs and other frugal energy projects point the way to a more sustainable global future
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1 June 2013: The Smart CEO – Creative dialogue: Cognizant’s Lakshmi Narayanan & Vortex’s L. Kannan and Vijay Babu
The senior management team at Vortex indulge in a dialogue with Cognizant’s Vice Chairman, Lakshmi Narayanan, to get a tip or two to manage their company in the scaling up phase
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9 May 2013: Knowledge@Wharton – Innovative ATMs Help India’s Banks Expand Their Reach
Vortex, with its portfolio of innovative automated teller machines (ATMs), is all set to aid banks in reaching out to unbanked and under-banked regions.
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2 May 2013: GreenWise – Sustainable business: how we can learn from India’s ‘frugal’ innovators
India’s culture of jugaad, or frugal innovation, has helped produce a wide range of sustainable breakthroughs. Are there lessons there for the rest of the world?
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April 2013: Launch of Vortex Wave April-2013 edition
We are pleased to announce the launch of 4th edition of our official newsletter- Vortex Wave. Read for articles related to ATM industry
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2 Feb 2013: Green Futures Magazine – The fruits of frugal innovation
India’s culture of jugaad, or frugal innovation, has helped produce a wide range of sustainable breakthroughs. Are there lessons there for the rest of the world?
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28 Dec 2012: Green Futures Magazine – Jugaad: an Indian commodity ripe for export
What can the world learn from ‘jugaad’ or ‘frugal engineering’: the trick of getting more out of every single gram of material?
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December 2012: The Smart CEO – The cash in solar power
Vortex, a manufacturer of solar-powered ATMs, is riding the growth wave on the back of rural expansion plans of various banks in the country.
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November 2012: SOFTDISK Solar – Solar ATMs for Rural Area
Vortex, a young Chennai-based company, could be adding new energy to India’s rural economic growth with its award-winning solar-powered automatic teller machines (ATMs).
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September 2012: Launch of Vortex Wave September 2012 edition
We are pleased to announce the launch of 3rd edition of our official newsletter- Vortex Wave. Read for articles related to ATM industry and banking and for news & updates from Vortex.
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September 2012: Access to Energy Bulletin (Volume 2): Rural Initiatives- Solar ATMs
This article highlights a clean energy technology –Solar Automatic Teller Machines (ATMs) – that has the potential of empowering India’s surging rural economy, which is estimated to be worth about US$450 billion today
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27 August 2012: The Weekend Leader – SunTeller: Revolutionising banking in rural areas by harnessing the sun’s energy
In future, ATM card holders in villages need not trek to towns to draw money. Indian start-up, Vortex, has come up with solar powered ATM which can work in places where there are hours of power cut.
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11 August 2012: Business Standard – Anywhere ATMs
Solar ATMs, developed by Chennai-based Vortex, are helping spread banking in remote areas
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26 July 2012: Asia Times Online – Solar ATMs for rural India
Vortex, a young Chennai-based company, could be adding new energy to India’s rural economic growth with its award-winning solar-powered automatic teller machines (ATMs).
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5 July 2012: The Hindu – Solar ATMs: Banking for all
As you travel to remote areas, you realise just how difficult it is to find an ATM. This is because the cost makes it unviable for many banks. But the solar-powered Gramateller Duo ATM is set to change that.
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July 2012: Siliconindia Award – Vortex in Top 20 BFSI Solutions Provider in India
Vortex is being listed in the Top 20 BFSI Solution Providers in India, decided by the distinguished panel comprising accomplished Indian CEOs & CIOs of public companies, VC’s, analysts, founders of established VC funded companies including siliconindia editorial board. Silicon India and panelist.
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25 June 2012: International Finance Corporation invests $2.7 million in ATM firm Vortex Engineering
IFC, a member of the World Bank Group, is investing $2.7 million as equity in Vortex Engineering to help the company expand its network of automated teller machines across India’s rural and semi-urban areas where people have limited or no banking services.
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