Saturday, April 13, 2024
Outlook.com
Outlook India
Outlook Business

Muthoot Fincorp Ltd. Launches Muthoot FinCorp ONE - All-In-One Financial Platform

It is a digital platform, to provide lending, investments, protection, and payments at the tap of an app

Muthoot Fincorp Ltd. Launches Muthoot FinCorp ONE - All-In-One Financial Platform
Finance planning
Shutterstock
POSTED ON August 28, 2023 1:08 PM

Muthoot Fincorp Ltd. (MFL), the flagship company of Muthoot Pappachan Group (Muthoot Blue) has launched Muthoot FinCorp ONE. It aims to address the diverse financial needs of consumers pan-India while seamlessly providing a comprehensive suite of financial services, ensuring unmatched convenience and accessibility.

The app also supports utility and loan payments for multiple use cases while the Forex services encompass multi-currency cards, cash transactions, and 24x7 international transfers. The platform also aims to help users in accessing insurance for all kinds of General and Medical insurance needs.

Muthoot FinCorp ONE optimizes on a phygital model which seamlessly combines this app with more than 3600+ physical branches of Muthoot FinCorp. Our customer-first platform connects seamlessly with all stakeholders (customers and partners alike). The platform is based on robust data analytics and leverages data science, using advanced models for Artificial Intelligence & Machine Learning, always ensuring cyber resilience." Chandan Khaitan, CEO Muthoot FinCorp ONE said. 

He shared that Muthoot FinCorp ONE is planning to expand the platform's offerings by introducing insurance, personal loans, two-wheeler, and housing loans. The company’s goal is to democratize access to financial services, empowering individuals, and businesses across diverse segments, fostering economic growth.

  • Related Articles

    Clix Capital has targetted an AUM of Rs 5000 crore by the end of this fiscal and Rs 9000 crore by FY25

    Aiming For Rs 100 Crore Profit In Financial Year 2024: Clix Capital

    ‘Nu Score’ will offer real-time, data-backed risk assessment for evaluating a borrower

    Northern Arc Capital Launches Machine Learning-Based Underwriting Solution

    The UK-based investment fund has invested $10 million in the finance company, taking its shareholding to 16.6 per cent from the earlier 14.4 per cent

    Muthoot Microfin bags $10 million from Greater Pacific Capital