Bank of Maharashtra joins hands with NPCI for fintech engagement

Our Bureau Updated - April 05, 2022 at 08:40 PM.

Digital solutions provided by banks to customers should be cost effective, says Executive Director Vijayakumar

Bank of Maharashtra Executive Director A. B. Vijayakumar | Photo Credit: Surjit E@Hyderabad

Bank of Maharashtra (BoM) has joined hands with the National Payments Corporation of India (NPCI) to facilitate fintech engagement for fulfilling customers’ digital transaction needs through partnerships.

Eight fintech start-ups/companies — 42 Cards, Datasutram, FinVu, Dealsafe, MoFYDA, Fortiate, Rise Retail & Payment Solutions and Lendpartners — participated in the engagement session, the Pune-based public sector bank said in a statement.

Digital solutions

A B Vijayakumar, Executive Director, BoM, emphasised that digital solutions provided by banks to customers should be cost effective.

Bank of Maharashtra to draw up fintech start-up policy

Asheesh Pandey, Executive Director, BoM, said that bank is identifying areas where technology/ fintech interventions would be required and accordingly the fintech engagement would be taken forward as per their expertise.

Published on April 5, 2022 15:10