Part 2: Setting up a Fintech Bank within a Bank (or NBFC) – What should be the scope?  This is part of series of short blogs for setting up Fintech Bank within a Bank.

Scope of Fintech Bank within the Bank


– Savings Product: This would be a low balance product with key features like fully digital on-boarding, digital payments capabilities (IMPS / NEFT / RTGS / UPI), debit card, NO cheques, 100% online servicing (like nomination / address change etc). Customers should also be handled in the branches (why not?).

– Term Deposit / Recurring Deposit: This should be a cross-sell product completely online from opening to closure.

– Personal Loans: This would be independent as well as cross sell product with fully digital on-boarding (including KYC / Credit Review / Loan Dibursement), 100% online servicing.

– Partnership with Fintechs for originating Saving Accounts,  Loans and complimentary Payment products.


Next part will have details of the platforms to be setup.


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