Board of IIFL Finance approves JV with Open Financial Technologies

6 May 2022 , 01:33 AM

The Board of IIFL Finance at its meeting held on 02 May 2022 has approved a joint venture with Open Financial Technologies for the purposes of offering neo-banking services to consumers and micro enterprises and retail customers including lending investment and wealth management services to certain target groups The Company on 02 May 2022 also executed a Joint Venture Agreement with Open Financial Technologies In this respect the Board also approved the incorporation of a wholly owned subsidiary company in the name of IIFL Open Fintech