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Mantra Labs Joins Fintech Global’s InsurTech100 2019 List

Nidhi Agrawal
1 minute, 57 seconds read

The company receives recognition for being a pioneer in transforming the global insurance industry through innovative products and solutions that solves real-world challenges. 

Bengaluru, Karnataka, Oct. 24, 2019

Mantra Labs announced today that it has been recognized by Fintech Global in their InsurTech100 2019 list. InsurTech100 recognizes the 100 most innovative insurance solution providers in the world curated by industry stalwarts. 

Mantra Labs is now an InsurTech100 company

FinTech Global is a specialist research firm offering the most comprehensive data, valuable insights and powerful analytical tools to the global FinTech industry. The finalists were selected by a panel of analysts and industry experts from an exhaustive list of over 1,000 companies. The standout businesses are recognized for their innovative use of technology to solve a significant industry problem, generate cost savings, or improve efficiency across the insurance value chain. 

Mantra Labs offers three core products for solving the most pressing challenges faced by InsurTechs around — claims processing, workflow management, process automation, onboarding, leads maximization, customer experience & engagement. 

FlowMagic is a Visual AI platform for Insurer Workflows. With FlowMagic, insurers can create, customise and monitor workflows. It is built to scale across the insurance value chain. It comprises of AI-powered applications which can be strung together to execute any workflow.

Lead Conversion Accelerator is an AI-enabled tool that allows insurers to maximize capture from the sales funnel for AI-driven lead allocation, prioritization and conversion.

Multilingual AI-Powered Chatbot allows insurers to fulfil routine service tasks via Natural Language Processing (NLP) and Machine Learning (ML) models trained on insurance-specific parlance.

“Mantra Labs is leading InsurTech innovations through its deep advisory and consulting approach to understand ‘actual’ user and consumer problems,” says Mikhail Mitra, Co-founder & Chief Product Officer, Mantra Labs. “We’re proud to be recognised as a pioneer in transforming the global insurance industry.”

About Mantra Labs

Mantra Labs is an AI-first product & solutions firm solving the most pressing front & back- office challenges faced by InsurTech and Consumer Internet enterprises. Having worked with some of the World’s leading insurers like Religare, DHFL Pramerica, Aditya Birla Health, and AIA Hongkong along with unicorn consumer startups like Ola, Myntra and Quikr, Mantra Labs has been deeply involved in developing technology solutions for business-specific problems. The company also has strategic technology partnerships with MongoDB, IBM Watson and Nvidia.

Contact information:

Email: hello@mantralabsglobal.com

Address: Bangalore, India

Phone number: 97404 95689, 80409 92941

Website: https://www.mantralabsglobal.com

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We at Mantra Labs believe that design, just as equally as technology, plays an important role in creating an impact for a brand. A lot of work goes into creating a brand and conveying its story. We believe in creating cutting-edge UI/UX that allows our clients to offer intuitive experiences for their customers and creating new value for them.

Our designers take a holistic view of the user’s challenge for every customer-centric project. Along with understanding the company, it’s marketing strategy and communication, a lot of research about the brand and its users goes into the actual design process. We focus on creating practical designs to bring about functional aesthetics for every challenge we solve. 

Design Challenge of the Day

And that’s what we look for in designers. On 29th February 2020 Mantra Labs organized a Designathon event at its Bangalore office looking for young, creative talent. The weekend kick-started on a high note with a great turnout of designers for the ‘Design Challenge of the Day’. The designers were presented with two problems, of which they had to choose one –

  1. Design an intuitive Mobile application for a chain of hospitals used by patients for booking appointments, buy health packages and check reports for themselves or their family.
  2. Design an intuitive Mobile application for airport passengers which can help them by guiding, interacting and engaging them.

Each designer involved was asked to come up with complete wireframes for the process and two screens with visual design, with 3 hours to solve and then present their work. Each person dived straight into the problem and came up with unique and interesting solutions for the given task. While some brainstormed, others took to sketching out their thought process. 

The Stunning UI/UX Designs

Although the design challenge was tough, everyone did an amazing job. However, there was one person who stood apart from the rest. Mr. Alan Aloysius picked the first assignment – mobile application design for a chain of hospitals. While everyone was brainstorming amongst themselves, he sketched out his ideas on the paper. He focused on making the screens for the app and dedicated most of the time for it. Even though the wireframes were not complete, his presentation showed his clear line of thought on flow and visual design. And hence, he was declared the winner and was awarded a certificate and a cash prize of Rs.5000/-. 

Mr. Aravind Raj, who was declared the runner up also picked the first assignment. His strategy was to focus on the wireframes which left him little time for the visual designs. Despite this, he demonstrated a lot of potential through his work. His presentation showcased his confidence, positive attitude and his clear thought process on the design flow. Considering the above points, Mr. Aravind Raj has adjudicated the runner-up and was presented with a certificate.

Post the UI/UX Design Challenge event, all the participants relaxed, networked and helped themselves with some delicious refreshments.

At the event, we saw a lot of creative potential in people. We at Mantra Labs believe in nurturing talent by giving them real opportunities. We believe that good mentoring, dynamic work culture and the right platform helps in the professional and personal growth of an individual. 

If you are looking for a cohesive and vibrant work culture to join, drop in your portfolio at hello@mantralabsglobal.com and we’ll get back to you.

Also, check out the recent events at Mantra 

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