Saraswat Bank, one of the largest cooperative banks in India, has partnered with Singapore-based fintech company Tagit to deploy an omnichannel banking solution. The solution will allow customers to access the bank’s services through multiple channels, including mobile devices, web portals, and branches.
The partnership with Tagit is expected to help Saraswat Bank enhance its digital capabilities and deliver a seamless banking experience to its customers. The solution will enable the bank to offer a wide range of banking services across all channels, including account management, money transfers, bill payments, and more.
The new omnichannel solution will also help the bank reach out to new customers and expand its customer base. By offering a range of convenient and accessible banking services, the bank hopes to attract more customers and build stronger relationships with existing ones.
Saraswat Bank’s Managing Director and CEO, Shri R. K. Verma, said: “We are delighted to partner with Tagit to bring a world-class omnichannel banking experience to our customers. This partnership is a step towards our commitment to providing innovative and seamless banking services to our customers, leveraging the latest digital technologies.”
Tagit’s CEO, Sandeep Bagaria, added: “We are excited to partner with Saraswat Bank to help them transform their digital banking capabilities. Our omnichannel solution will enable the bank to offer a truly seamless banking experience to their customers, and we look forward to working closely with them to drive their digital transformation journey.”
The partnership with Tagit comes at a time when digital banking is becoming increasingly popular in India, driven by the rapid adoption of mobile devices and the internet. According to a report by the Boston Consulting Group, India’s digital payments industry is expected to grow to $500 billion by 2025, driven by a surge in mobile internet users and the government’s push for a cashless economy.
The partnership between Saraswat Bank and Tagit is expected to help the bank tap into this growing market and stay ahead of the competition. By providing a comprehensive omnichannel banking solution, the bank hopes to offer a superior banking experience to its customers and become a leader in the digital banking space.