Public Sector lender UCO Bank has partnered with Finwizard Technology, which runs Fisdom, to offer wealth management products and services, beginning with mutual funds, through the bank’s mBanking — Plus App — to its thirty million customers. This 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 the bank’s network of over 3,000 branches and all digital platforms, the Kolkata-based lender said.
On the occasion, Atul Kumar Goel, MD & CEO, Uco Bank, said, “Our aim has always been to continuously create greater values for our customers. With these new tie-ups we would now be offering a much wider range of wealth products. We intend to deliver greater value through customer beneficial offerings both in terms of ease of convenience, and their features.”
Subramanya SV, co-founder and CEO, Fisdom, said, “We are delighted to partner with Uco Bank and enhance wealth management experience for its customers. The evolved acceptance of the wealth products has created a systemic change among the customers to adapt the service and products we have to offer.”