Fino Payments Bank Partners with Ezee.ai to Build AI-Powered Lending Ecosystem for SFB Transition
Fino Payments Bank Limited announced a strategic partnership with Ezee.ai, a move designed to establish a sophisticated lending ecosystem and facilitate the bank's transition into a Small Finance Bank (SFB).The collaboration marks a significant milestone in Fino Payments Bank's SFB implementation journey. Through this partnership, the bank will deploy several advanced systems, including an AI-enabled Loan Origination System (LOS), a Business Rules Engine (BRE), and a Collections Management Platform.
Ketan Merchant, Interim CEO of Fino Payments Bank, emphasized the bank's long-term vision. He stated that the bank aims to build a differentiated, technology-led, and asset-light Small Finance Bank. He highlighted that the partnership with Ezee.ai is crucial in building lending capabilities through AI-driven automation and intelligent decision-making, ensuring the delivery of faster, seamless, and inclusive banking experiences to customers as the bank prepares for its next phase of growth.
Rajendra Awasthi, CEO of Ezee.ai, commented on the alliance, expressing delight at partnering with Fino Payments Bank during its transformation journey. He explained that Ezee.ai's AI-powered no code platform is set to accelerate digital lending capabilities, improve operational agility, and enable scalable, customer-focused innovation for the bank.
The strategic alliance reinforces Fino Payments Bank's dedication to leveraging advanced digital technologies. The goal is to build a scalable, differentiated, and future-ready banking franchise. Furthermore, this partnership supports the bank's broader objective of expanding credit access across Bharat through a technology-led operating model as it advances its SFB roadmap.
FINOPB Stock Price Movement
Shares of Fino Payments Bank Limited today slipped by 1.99% to settle at ₹126.72, marking a decline of ₹2.54 for the day. The equity saw considerable volume action, trading on 151,438 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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