Indian Bank Extends The Partnership With Fisdom, Completes The Wealth Management Product Suite

by Suman Gupta

Mumbai: 13.10.2021 – Indian Bank, Country’s 7^th largest Public Sector Bank, on 08/10/2021, extended its existing partnership with leading Fintech Brand, M/s Fisdom, by adding new digital & HNI products to enrich the suite of wealth management products for its customers.

In addition to “Mutual Funds”, new digital products like “Pension Funds”, “Digital Gold” and “OnlineTax Filing” will be available to customers on the bank’s mobile apps. Also, bank’s HNI customers will be able to access sophisticated and customized products (PMS, AIF, FI etc) under the association. These new initiatives were launched by way of execution of an addendum agreement by Shri K. Chandra Reddy, General Manager, Indian Bank and Shri Anand Dalmia, Co-Founder, M/s Fisdom in presence of Executive Director of Indian Bank, Shri Imran Amin Siddiqui.

Also present on the occasion were Shri Mahesh Kumar Bajaj, General Manager, Indian Bank and Shri Rakesh Singh, Executive Director, M/s Fisdom.

Speaking on the occasion, Shri Imran Amin Siddiqui, Executive Director, Indian Bank highlighted Bank’s thrust in taking the customer experience with the Bank to the level of Delight through host of state-of-the-art digital products in Bank’s Mobile Banking platform, “IndOASIS” and Internet Banking platform. He also emphasized on Bank’s latest initiatives to upscale business generation through digital channels both for Liability and Asset products of the Bank. We are also merging our existing Mutual Fund business with FISDOM to scale efficiency and increase digital adoption on banks digital properties for existing customers as well, he said.

Shri Anand Dalmia, Co-founder, M/s Fisdom, said, “We are thrilled to expand our partnership with Indian Bank with the addition of more products that would help us provide a holistic wealth management experience to our customers. Considering our rich experience of working with various Banks and Indian Bank’s commitment to delivering customer delight, we are confident that the partnership will be able to deliver great products, high quality service and a user-friendly tech enabled wealth management ecosystem to Indian Bank customers.

About Indian Bank:About Indian Bank Indian Bank is the seventh-largest public sector bank in India. Established in 1907 and headquartered in Chennai, the bank serves over 10 crore customers with 41,557 employees. With effect from 1st April 2020, Allahabad Bank got merged into Indian Bank. Indian Bank has pan India network with 20596 touch points including 6004 Brick & Mortar branches, 5428 ATMs/BNAs, 9161 Business Correspondents and 3 overseas branches.

About Fisdom:Fisdom is India’s leading digital wealth management platform providing solutions across investments, savings and protection. Fisdom blends technology with financial knowledge to bring simplicity, accessibility and trust in financial products for the vast underserved population in India.  Several banks and financial institutions have partnered with Fisdom to provide access to financial products to their customers. Fisdom’s partners include multiple Public Sector Banks, Private Banks, Small Finance Banks and Payment Banks.