BANK NEWS
Bank of Baroda partners with 7 Fintech companies
New Delhi. Bank of Baroda, India's leading public sector bank, has announced tie-ups with 7 Fintech companies
Running up to its 109th Foundation Day, this a first of its kind initiative for a public sector bank to partner with companies operating across diverse areas of SME Financing, Algorithmic Lending, Bill Discounting, Retail Lending and Wealth Management, on a single day.
The partnerships would enable the Bank to launch new products, acquire new customers, and serve the existing customers better.
Speaking on this occasion P S Jayakumar (Managing Director CEO), Bank of Baroda, said, Our industry is going through a transformational phase, driven by progressive regulation, enhanced competition, advancements in technology and increasing smartphone penetration.
As a leading Indian bank, we are committed to driving industry change by investing in internal resources, but also by partnering with determined, young Fintech companies making it a win-win proposition for all. These tie-ups would help in expanding our business faster and reach out and support the customers in a better way.New Kerala.com
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