MONUMENT BANK RECEIVES Prestigious AWARD FOR BEST USE OF TECHNOLOGY IN A PROJECT AT TESTA 2024
LONDON, Dec. 11, 2024 – Monument Bank, a leading neo-bank in the UK dedicated to providing innovative financial solutions for professionals, entrepreneurs, and savers, has been awarded the prestigious Best Use of Technology in a Project award at TESTA 2024.
The award recognizes Monument bank's successful adoption of advanced technology to drive efficiency and improve service delivery through its collaboration with Quinnox, an AI-first digital-native technology leader. The partnership utilized Quinnox's AI-powered test automation platform, Qyrus, which enabled Monument bank to streamline its testing processes, resulting in a 213% return on investment (ROI) and over $1 million in savings within just six months.
The project led to a significant reduction in QA and developer time for Monument bank, allowing the company to achieve a 90% decrease in this time. This has enabled faster and more efficient product releases, further emphasizing the success of the partnership between Quinnox and Monument Bank.
"We are thrilled to receive this award alongside Monument Bank, as it validates our commitment to leveraging advanced technology for tangible business outcomes," said Rekha Raj, COO at Quinnox. "Our collaboration with Monument Bank has been an inspiring journey, and this recognition strengthens our resolve to drive innovation in software testing."
Monument Bank was recognized for its successful adoption of AI-powered solutions through the implementation of Qyrus, which streamlined testing processes and led to significant improvements in efficiency and cost savings.
About Monuments Bank
Monument is a pioneering neo-bank dedicated to providing innovative financial solutions for professionals, entrepreneurs, and savers. The bank launched its app and first suite of savings products to the market at the start of 2022.
About Quinnox
Quinnox is an AI-first digital-native technology leader that leverages advanced technologies to accelerate digital transformation. Through partnerships like the one with Monument Bank, Quinnox enables businesses to drive growth, spark innovation, and build resilience.