Kotak Mahindra Bank takes corporate digital banking portal ‘Kotak fyn’ live

Private sector lender Kotak Mahindra Bank went live with ‘Kotak fyn’, an integrated portal developed to offer comprehensive digital banking and value-added services to its business banking and corporate clients.

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Services offered by Kotak fyn:

The portal will offer services across all products, including trade & services, account services, payments, and collections and make banking seamless for the bank’s clients.

Significance of this development:

It is expected to reduce complexity and friction for customers. The portal will assure paperless transactions and will offer the facility to unify data across multiple product-specific portals and back-office systems to create a single view of transactions, positions and balances, enabling self-service and driving operational efficiency, the bank said in a statement.

Important takeaways for all competitive exams:

Kotak Mahindra Bank CEO: Uday Kotak;
Kotak Mahindra Bank Headquarters: Mumbai;
Kotak Mahindra Bank Founded: February 2003

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