Kotak Mahindra Bank, a private sector lender, launched ‘Kotak fyn’, an integrated portal designed to provide complete digital banking and value-added services to its business banking and corporate clients.
The site will provide services for all goods, including trade and services, account services, payments, and collections, and will make banking more convenient for the bank’s customers.
It is expected to reduce client complexity and friction. According to the bank, the portal will ensure paperless transactions and will provide the ability to consolidate data across numerous product-specific portals and back-office systems to create a unified view of transactions, positions, and balances, enabling self-service and driving operational efficiency.
“In our endeavour to offer superior banking experience, we now introduce Kotak fyn, a one-stop digital platform that will take care of all your business-banking needs,” said K V S Manian, Whole time Director, Kotak Mahindra Bank.
According to Paritosh Kashyap, President & Head Wholesale Banking at the Bank, “Kotak fyn will be a game-changer. Its innovative user interface with several industry-leading features will further provide a superior banking experience for our corporate customers.”
