Fisdom, a wealth-tech firm, has partnered with the Bank of Maharashtra (BoM) to provide wealth management products and services to more than 29 million customers. The bank’s network of more than 2,000 branches and digital platforms, including the mobile banking app and internet banking, will be used to spread wealth products and services through this relationship.
Bank customers will access wealth management services in both a physical and digital mode. Customers will invest in mutual funds through the bank’s mobile banking app, Maha mobile, and its online banking service.
Customers will be able to see all relevant fund information and track the performance of their investments in real-time. Fisdom also plans to expand its product range, according to the wealth-tech company.
Furthermore, the firm stated that its consumers would have access to various products, including direct equities, pension funds, and HNI wealth solutions, among others.
“This facility envisages at enabling our customers to add varied options at their fingertip while enabling them avail services under one roof. This will foster our mutual fund clientele while giving them opportunity through diverse portfolios. This also shows our commitment for digital delivery which shall surely add fillip to our digital journey in the days to come,” A S Rajeev, MD & CEO, Bank of Maharashtra, said.
Anand Dalmia, co-founder, Fisdom, said, “We are pleased to associate with Bank of Maharashtra in order to offer our complete range of wealth management offerings. We believe this strategic partnership will redefine wealth management for the customers of Bank of Maharashtra as we promise them a unique and convenient investment experience. We look forward to partner with various other banks in the near future and serve their customers with our innovative tech-led wealth management products and quality service delivery.”