Lakshmi Vilas Bank, Fisdom tie-up to launch robo-advisory platform

BENGALURU: Lakshmi Vilas Bank has tied up with Fisdom, a Bangalore-based fin-tech startup, to launch financial planning and wealth management services based on robo-advisory platform. The platform called Mission FINFIT will also include services like getting the KYC done, investing money in various platforms, viewing the account summary, withdrawing the invested money, etc.

“Going cash less and digital is the way to the future and hence our bank has introduced this online platform to our retail customers. We recently launched our mobile app which has been a huge success and with this collaboration with Fisdom, the bank will enhance its bouquet of banking products and services offered to its customer base. In this partnership, Fisdom will be our product and service delivery partner,” said AJ Vidya Sagar, President Retail Banking, Lakshmi Vilas Bank.

Subramanya SV, CEO and Cofounder, Fisdom stated, “We are delighted to partner with Lakshmi Vilas Bank to offer Mission FINFIT to more than 30 lakh customers of the bank across the country. While we are a startup, the accreditation to be partners with Lakshmi Vilas Bank is a fantastic achievement. This will help us offer digital and smart investment options and advisory to a very loyal base of customers”.