Karnataka Bank announces partnership with FinTech FISDOM

By Gloria Mathias

Karnataka Bank, a private sector bank, has expanded its collaboration with FISDOM to offer 3-in-1 (savings, demat and trading accounts) through the bank’s mobile banking app, KBL Mobile Plus.

This strategic association is set to enhance the current value proposition of enabling customers to invest in stocks and mutual funds. This offering will empower customers with seamless access to both investment opportunities and trading functionalities, all within a single, user-friendly interface.

The 3-in-1 facility enables customers to streamline their investment journey by consolidating their demat and trading accounts. This integration eliminates the need for multiple platforms, simplifies account management and enhances the overall user experience. With this unified solution, investors can efficiently manage their securities and execute trades with unparalleled convenience and efficiency.

Sekhar Rao, Executive Director, shared, “Through this partnership, the banks aim to redefine the landscape of financial services by offering a holistic solution that combines convenience, efficiency, and reliability. By leveraging FISDOM’s expertise in financial technology, we are confident in our ability to deliver unparalleled value to our customers and drive meaningful impact in the market.”

Shri Subramanya S. V., CEO & Co-founder of Fisdom, said, “We are pleased to expand our association with Karnataka Bank to offer our complete range of investment offerings. We believe this strategic partnership will redefine investment options for the customers of Karnataka Bank, as we promise them a unique and convenient investment experience in direct equity, mutual funds, and other wealth products. At Fisdom, our constant endeavour is to provide all the multiple investment options to our customers, backed up with thorough research and the right guidance.”

Fisdom is a wealth management platform based in India. It offers digital investment solutions to individuals, allowing them to invest in mutual funds, stocks, bonds, and other financial instruments through its mobile app or website.

Fisdom’s platform provides features such as goal-based investing, portfolio tracking, and personalised investment recommendations tailored to users’ financial goals and risk profiles. The company aims to democratise wealth management by making investment services accessible and convenient for a wide range of users, including first-time investors and seasoned professionals.