Kotak Mahindra Bank has launched a new corporate digital banking portal called ‘Kotak Fyn’. The portal is designed to provide a comprehensive suite of banking services to the bank’s corporate clients, including customized solutions, transaction services, and digital banking facilities.
The new portal is aimed at simplifying the banking experience for Kotak Mahindra Bank’s corporate clients, enabling them to access a range of banking services and solutions from a single platform. The portal is expected to enhance the bank’s customer engagement and retention efforts, as well as improve operational efficiency.
Speaking on the launch of the new portal, Puneet Kapoor, President – Products, Alternate Channels and Customer Experience Delivery, Kotak Mahindra Bank, said, “We are delighted to launch ‘Kotak Fyn,’ a comprehensive corporate digital banking portal that offers a suite of services and solutions customized for our corporate clients. With this portal, we aim to simplify banking for our clients, providing them with a seamless, secure, and convenient banking experience.”
The new portal offers a range of features and services, including real-time account management, transaction services, trade and forex services, and liquidity management solutions. It also includes a range of digital banking facilities, such as online payments and collections, digital onboarding, and virtual account management.
Kotak Mahindra Bank has been investing heavily in its digital capabilities in recent years, and the launch of ‘Kotak Fyn’ is another step in this direction. The bank has been focusing on digitizing its operations and processes to improve customer experience, reduce costs, and increase efficiency.
Kotak Mahindra Bank’s efforts in the digital space have been recognized by various industry bodies and experts. The bank was recently ranked as India’s second most valuable brand in the banking sector, with a brand value of $10.5 billion, according to the Brand Finance Banking 500 2021 report.
The launch of ‘Kotak Fyn’ is expected to further strengthen the bank’s position in the corporate banking space and help it tap into the growing demand for digital banking solutions among corporate clients. The bank has a strong presence in the corporate banking segment, and the new portal is expected to enhance its customer engagement and retention efforts, as well as improve operational efficiency.