Federal Bank partners with Neobank Fi to issue savings account

0


[ad_1]

The partnership will make it possible to issue a savings account, equipped with a debit card, in less than three minutes.

The Federal Bank said Thursday it has partnered with Fi, a Bengaluru-based neobank for working millennials. Founded in 2019, Fi is the idea of ​​former Googlers who pioneered Gpay – Sujith Narayanan and Sumit Gwalani.

The partnership will make it possible to issue a savings account, equipped with a debit card, in less than three minutes.

Every aspect of Fi’s design minimizes friction for the digital first generation. The Fi app is unique in its approach, as its users will also earn rewards for saving money – unlike the Marketplace.

Sujith Narayanan, CEO and Co-Founder of Fi, said, “Our platform leverages cutting-edge technology and data science to deliver actionable insights that empower users to take control and do more with their users. finances. We look forward to delivering a one-of-a-kind, personalized, flexible and transparent banking experience and building long-term customer relationships. “

Shalini Warrier, Executive Director, COO and Business Leader – Retail, Federal Bank, said: “We are delighted to be the only partner bank of this innovative neobank, Fi. The whole proposal brings together the best of what both entities have to offer. The smooth customer experience through the app is complemented by the stability, security, and technological prowess of the Federal Bank. “

Get live stock quotes for BSE, NSE, US market and latest NAV, mutual fund portfolio, see latest IPO news, top performing IPOs , calculate your tax using the income tax calculator, know the best market winners, the best losers and the best equity funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay up to date with the latest news and updates from Biz.



[ad_2]

Leave A Reply

Your email address will not be published.