Mumbai: Fisdom, India’s leading wealth-tech company has joined hands with Bank of Maharashtra (BoM), to offer a comprehensive suite of wealth management products and services to over 29 million customers of the bank. This partnership will focus on enabling large-scale facilitation and distribution of wealth products and services through the Bank’s network of more than 2000 branches and its digital platforms including the Mobile Banking App and Internet Banking.
This strategic association is all set to enhance the customer’s value proposition by making quality and affordable wealth management services accessible to them through both physical and digital mode. Fisdom’s diverse wealth management offerings will enable customers of Bank of Maharashtra to invest into mutual funds – through Bank of Maharashtra’s Mobile Banking App – Maha Mobile and Internet Banking facility.
Customers will be able to view all the details pertinent to funds in order to make well-informed decisions and also can track the performances of mutual funds real-time. Fisdom is also planning to expand its product suite and add multiple features to provide a seamless investment experience to the customers, in the days to come.
Fisdom offers one stop platform for investing in multiple products including mutual funds, direct equity, pension funds, HNI wealth products, etc to its customers and help them make informed investment decisions for every goal of their life.
Shri A S Rajeev, MD & CEO, Bank of Maharashtra said, “This facility envisages at enabling our customers to add varied options at their fingertip while enabling them avail services under one roof. This will foster our mutual fund clientele while giving them opportunity through diverse portfolios. This also shows our commitment for Digital Delivery which shall surely add fillip to our Digital journey in the days to come.”
Shri Anand Dalmia, Co-founder, Fisdom, said, “We are pleased to associate with Bank of Maharashtra in order to offer our complete range of wealth management offerings. We believe this strategic partnership will redefine wealth management for the customers of Bank of Maharashtra as we promise them a unique and convenient investment experience. At Fisdom, our constant endeavor is to provide all the multiple investment options to our customers backed up with thorough research and right guidance. We look forward to partner with various other banks in the near future and serve their customers with our innovative tech-led wealth management products and quality service delivery.”
About Fisdom:
Fisdom, co-founded by Anand Dalmia and Subramanya SV 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 Oriental Bank of Commerce, Bank of Baroda, Indian Bank, UCO Bank, Karnataka Bank, City Union Bank, Bajaj Finserv and several more.
About Bank of Maharashtra:
Bank of Maharashtra is a Nationalized Bank with standing of 87 years. It has a three tier organizational set up consisting of Branches, Zonal Offices and Head Office.
The Bank has 2006 branches, 2000+ ATMs / Cash Recycler PAN India. In the state of Maharashtra, the Bank has 1100+ branches, the largest network of branches by any Public Sector Bank in a state. The Bank has set up specialized branch offices to cater to the needs of SMEs, Corporate, agriculturalists and importers & exporters.
The Products and services offered by the Bank include demand deposits, time deposits, working capital finance, term lending, trade finance, retail loans, credit cards, Government Business, Banc Assurance business, mutual funds and other services like Demat, ASBA, lockers and merchant banking etc. The Bank is known as front runner in implementation of technology initiatives.
