03 August 2016 Current Affairs: Bank of Baroda has tied up with a fintech start-up Fisdom for personal wealth management services.
Besides, the bank has entered into pact with six other fintech companies, proficient in different areas, Fisdom said in a release.
These are CreditMantri, FundsTiger, Probe42, Power2SME, IndiaLends and KredX. ]Fisdom app helps users make financial investments in an easy and paperless manner by blending cutting-edge technology with personalised financial advice. It helps people manage their money with the help of a robo-advisor.
Bank of Baroda : Bank of Baroda is an Indian state-owned banking and financial services company headquartered in Vadodara (earlier known as Baroda) in Gujarat, India.It is the second largest bank in India, next to State Bank Of India. Its headquarters is in Vadodara, iBank of Baroda is one of the Big Four banks of India, along with ICICI Bank, State Bank of India and Punjab National Bank.
The bank, along with 13 other major commercial banks of India, was nationalised on 19 July 1969, by the Government of India and has been designated as a profit-making public sector undertaking (PSU).