To implement omnichannel digital banking solutions for its retail and corporate customers, the largest urban cooperative bank of India-Saraswat Cooperative Bank has partnered with Singapore based Tagit, a leading digital banking solutions provider. Adoption of this cutting edge technology will propel Saraswat Bank into the top league.
The bank will use Tagit’s Mobeix Digital Banking platform to enhance customer experience by offering a comprehensive set of digital services securely, anytime, anywhere.
A proud Nafucb President Jyotindra Mehta reacted by saying “Well done Saraswat Bank!” Nafucb is the apex body of urban cooperative banks and credit co-op societies in the country with a membership base of more than 1500 UCBs.
Commenting on the partnership Saraswat Bank Chairman Gautam Thakur said, “Saraswat Bank has always been at the vanguard in adopting new-age technologies and implementing various technology-powered initiatives”.
“Our association with Tagit is one such initiative to provide an omnichannel facility to our customers through new Mobile Banking and Internet Banking applications. This will provide enhanced accessibility and enriched user experience through seamless user journey”, he further added.
A press release sent to the Indian Cooperative reads, “The Mobeix Digital Banking platform will accelerate the Bank’s ability to launch new digital services allowing the Bank to constantly innovate and scale as its customer base grows. The new digital offerings will accelerate adoption of the usage of digital channels by the bank customers, thus enabling the Bank to compete and grow in the market”.
“Using the Mobeix platform, the Bank will be able to enhance the customer experience by offering a comprehensive set of digital services securely, anytime, anywhere. The bank chose Tagit based on its best-in-class products built on a robust digital banking platform and successful record in the Indian market”, it further reads.
Saraswat Cooperative Bank with its spread across six states – Maharashtra, Goa, Gujarat, Delhi, Madhya Pradesh and Karnataka, has total business of over Rs 71,000 crore as on March 2022 with a Net Profit of Rs. 275.02 crore. It also kept its NPAs at a low level of 0.65%, thus demonstrating a strong business position.
The bank has been recognized amongst the World’s Best Banks by the prestigious Forbes survey for three years in a row. It has also bagged the “Best Technology Bank” Award for the 6th consecutive year at Indian Banks’ Association (IBA) Technology Awards 2021 in the co-operative banking sector and featured in the “Fortune India 500 list” for 5 consecutive years.
Tagit is an award-winning digital banking solutions provider headquartered in Singapore, with a strong track record in designing, developing, and deploying digital solutions for leading banks across Asia, the Middle East, and Africa.