UCO Bank strengthens fintech partnership with Fisdom through addition of demat and trading account services

by Suman Gupta

Mumbai – 02 March, 2022: UCO Bank, in partnership with Fisdom, extends the fintech partnership to now include demat account & stockbroking services, Pension funds and tax filing. With the extended product & service suite, UCO Bank will now offer its customers a robust 3-in-1 personal banking experience. The extension suite will be offered through UCO Bank’s mobile banking application UCO mBanking Plus and will gradually be accessible through its internet banking platform as well.

UCO Bank customers will now be able to learn about, invest in, track the performance of and redeem from a variety of instruments. With products ranging from IPOs as well as secondary capital market products, mutual funds, digital pension funds and finally tax-filing, the proposition offers a competitive value proposition to customers in terms of digital wealth management.

The strategic partnership between UCO Bank and Fisdom has been able to blend the best of both organisations to offer customers a uniquely trustworthy, robust and truly digital wealth management experience at a single destination.

On the occasion, Soma Sankara Prasad, MD & CEO, UCO Bank, said, “We have always taken pride in our value system and actions that places the customer at the centre. This initiative is yet another step in the same direction. We continue to take efforts to be the preferred banker for all financial needs of our customers. The partnership with Fisdom has helped us develop and deliver a truly digital wealth management experience to our customers.”

Ajay Vyas, ED, UCO Bank said, “At UCO Bank, we believe in providing a comprehensive product suite to all our customers with seamless digital experience thereby providing customer satisfaction and delight. This new initiative with Fisdom will help the bank to provide new age digital wealth products to customers at the click of a button thereby helping them in all their financial needs.”

Subramanya SV, co-founder, and CEO, Fisdom, said, “Our partnership with UCO Bank continues to be an incredibly valuable one as we work together with a common vision and shared mission to empower all customers to be able to take charge of their financial services in the most effective and efficient way.”

Rakesh Singh, CEO-Broking, Fisdom, said “We are thrilled to extend our demat account and stockbroking service suite to UCO Bank for its customers. We are excited to work with UCO Bank given that it shares the same passion for delivering customer excellence as we do. We look forward to building more features, offering more products and including incremental service propositions for the customers in association with UCO Bank.”

About Fisdom: Fisdom is a brand operated under legal entity Finwizard Technology Pvt Ltd. Fisdom, co-founded by Subramanya SV and Anand Dalmia, 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 vastly 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 Indian Bank, UCO Bank, Bank of Maharashtra, Karnataka Bank, City Union Bank and several more

About UCO bank: UCO Bank, formerly known as United Commercial Bank, is among India’s leading nationalized banks. Its Board of Directors consists of government representatives from the Government of India and Reserve Bank of India and eminent professionals like accountants, management experts, economists, businessmen, and similar. It has more than 3,000+ branches across the country. UCO Bank is ranked 80 on the Fortune India 500 list.