Leading Public Sector Bank, UCO Bank has partnered with FISDOM, operated by a wealth-tech start-up Finwizard Technology Pvt. Ltd. to offer wealth management products and services, beginning with mutual funds, through the Bank’s mBanking Plus App to the Bank’s thirty million customers.
Grand Launch ceremony was held on 31st August 2021 in the presence of Shri Atul Kumar Goel, Hon’ble MD & CEO of UCO Bank, Shri Ajay Vyas, ED-I & Shri Ishraq Ali Khan, ED-II of UCO Bank, Shri Anand Dalmia, Co-Founder & CBO & Shri Subramanya SV, Co-founder and CEO of Fisdom.
The agreement between UCO Bank & Fisdom was executed by Mr. H K Arora, General Manager-OSD, UCO Bank, and Mr. Rakesh Singh, Executive Director, Fisdom.
This strategic partnership aims at augmenting the Bank’s customer value proposition by making high-quality wealth management services accessible, affordable, and truly digital. The collaboration between Fisdom and UCO Bank will focus on enabling large-scale facilitation and distribution of all mutual fund schemes through UCO Bank’s network of 3,000+ branches and all digital platforms.
UCO Bank’s customers can now access and invest in the mutual fund of their choice, view relevant details of the funds, track fund performance in real-time and redeem their investments, whenever required, all through the Bank’s mBanking Plus App. The solution will help the customers make informed investment decisions for every goal of their life in a paperless, fully digitalized manner.