RattanIndia Enterprises launches financial aggregator platform 'BankSe'

14 Feb 2022 , 03:32 PM

Rattanindia Enterprises (REL), a leading Company that is building businesses in new-age sectors including electric motorcycles, drone solutions, e-commerce and fintech, today announced the launch of its all-digital, financial aggregator platform, BankSe on the popular android mobile platform and through the web portal www.bankse.in

BankSe, a one-stop financial solutions provider, is designed with a tech-driven approach, to analyze multiple life-stage and financial parameters of customers and to come up with tailored solutions, that are well-priced for their individual requirements. It has developed a platform which connects with the defined processes of the lenders, thereby offering them instant visibility of customer’s background and their historical financial records.

At launch, it is partnering with large commercial banks and NBFCs in India to present maiden offerings in the personal loans, 2W-loans and credit card segments, with several more categories to be added subsequently.

Prospective customers will now have the convenience of logging onto the app or website and uploading requisite documentation digitally to experience outcomes in real, quick time. Hitherto used to multi-step, offline processes involving 3rd party intermediaries, BankSe will usher in convenience like never before. As an additional feature any customer using BankSe will be able to get a personalized credit score, entirely free of cost.

Commenting on the occasion, Anjali Rattan Nashier, Business Chairperson of RattanIndia Enterprises Limited said, “BankSe fulfills the basic tenet of universal financial inclusion, by providing credit, when and where it is most required. With the formal launch of India’s premier, digital one-stop financial solution provider, REL seeks to create a vibrant model bringing established sector behemoths together on a common platform, where customers can access financing as per their own terms and pace.

With an intuitive, tech-enabled platform, all users shall be able to avail chosen lending products in a matter of clicks. We are proud to be associated with India’s leading banks and NBFCs, as our day one partners in this endeavor. As the model evolves, we shall introduce new features, products, and partners through the platform. We believe that our solutions-based approach is bound to have a positive multiplier effect on the economy, as customers begin to self-service financing, to match their aspirations and needs.”

BankSe is owned by NeoTec Enterprises Limited (NEL), which is the wholly owned subsidiary of Rattanindia Enterprises. It has been envisioned with the core premise of making available every digital financial solution to customers, that established banks have to offer. The ready efficiency and technology-backed processes behind this platform represent a win-win combination that has the potential to rapidly formalize an industry, which till now comprises of disparate intermediaries.

India represents a big opportunity to create financial inclusion, at scale, for multitudes. With 90 crore bank accounts (as of end FY21), the country has the potential to serve majority of its population through banking services. The overlay of “72 crore 4G connections (as of end FY21) present an actionable conduit to create digital first solutions.

This is complemented further by 130 crore issued Aadhar cards (as of end FY21) thereby enabling a seamless pathway to access, on-board and authenticate eligible customers onto a pureplay digital platform for financing products.

On Monday, RattanIndia Enterprises ended at Rs47.90 per piece down by 6.54% on the BSE.