Bank of Baroda Partners With 7 FinTech Companies

Mumbai, 18 July 2016: 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, Shri P S Jayakumar (MD & 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 ...

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