फिनटेक एलायंस

• Digital Seller Financing

  Collaboration with Amazon to offer collateral-free working capital loan to over 2 Lac sellers on the latter's platform.

• Alternate Data Based Underwriting

  Tie-up with CreditMantri for technology that helps Bank to draw data of our SME merchants and assess the customers on the strength of personal and business data points. Also helpful in offering low ticket credit products to first time borrowers and gradually capture other business requirements from them.

• Vehicle Financing

  Bank of Baroda partnered with UBER, to finance individuals desirous of owning a vehicle and attaching it to UBER's platform. This initiative is promoting "Start up India" Scheme by plummeting entry barrier to financing and fostering drivers to become entrepreneurs.

• GST Enabled Accounting Solution

  Tie-up arrangement with Versify to offer their ready built GST enabled accounting software as 3rd party product to our customers on monthly subscription basis.

• Bankability Kit

  Bank of Baroda has partnered with SIDBI for mentoring and supporting the MSE ecosystem. A bankability kit is designed enabling MSEs to evolve as bankable entities. This kit features different themes ‘Know Enterprising Self ’, ‘Know your Banker’ and ‘Know Banking’. The kit helps to look beyond financial literacy of aspirant entrepreneurial India to Bankability literacy. Download the entire Bankability Kit

• MoU with SIDBI

  Bank of Baroda signed a MoU with SIDBI with the objective of working together to strengthen credit delivery system and facilitate smooth flow of credit to the MSMEs and Startups in a hassle-free manner and thereby becoming preferred partner for various initiatives of SIDBI to support the MSMEs.

• Information-as-a-Service

  Collaboration with Probe42 to obtain information on listed/un-listed companies from a number of sources, including the ROC, defaulter's lists, public filing, etc. available on demand for lending and gaining new business.

• TReDS: Online Discounting Platform

  Bank of Baroda has on boarded all 3 RBI approved Trade Receivables Discounting System (TReDS) platforms i.e. A.TREDS, RXIL, MYNDSOL thereby becoming the first Bank to support this novel Fintech initiative. This online platform enables discounting of invoices of MSME sellers through a bidding process to ensure prompt realisation of receivables.

• Housing Loan

  Partnership with Deal4loans for generation of housing loan leads through their platform. Deal4loans is an online platform which allows customers to understand the different loan products available in the market and help them to select the right offering from the show-cased products.

  Bank of Baroda has tied up with Switchme for targeting existing housing loan borrowers who are looking to switch lenders to take advantage of lower interest rates. Switchme is a loan aggregator that helps loan seekers to understand the different loan products available in the market and help customers in selecting the right lender.

• Education Loan

  Tie-up arrangement with Gyandhan to source mortgage backed Education loan applications for overseas studies. Gyandhan provides financial assistance for pursuing higher studies in India and abroad.

  Collaboration with Eduloans to source mortgage backed Education loan applications for overseas studies. Eduloans provides a platform for students to avail the best possible financial option for funding their studies.

• Baroda M-Invest

  Bank of Baroda partnered with Fisdom to launch Baroda M-Invest app in the market for the customers. The app blends cutting edge technology with personalized financial advice for investing in mutual funds. The entire enrolment and compliance process happens on the app after which the customer can do goal based investments in mutual funds.

• Truecaller payment

  Bank of Baroda Partnered with Truecaller (Software Scandinavia AB, which is a privately held company in Stockholm, Sweden) for offering UPI payment services of BHIM Baroda Pay UPI app to users on their app (Truecaller Pay app which resides under its parent app) via secured API gateway. With this tie-up users of any bank can link their bank account on Truecaller Pay for payments, such as Utility Bill Payment, P2P funds transfer, payment via QR code, request payment and check balances. Users can directly send money to their contacts, without any need to remembering / sharing their, bank account number, mobile number and VPA (Virtual Payment Address). The mode of payment is very simple, which gets completed instantly and funds gets debited and credited instantly, online. Both the users get notifications of their app about the status of payment and they can also share the transaction receipt on WhatsApp. Users no need to keep multiple apps for payments anymore.

• Sound Based Payment

  Bank of Baroda partnered with ToneTag for contactless proximity communication using sound wave. The app SDK is integrated with Bank of Baroda’s M-Connect Plus mobile banking application for making payment on ToneTag enabled POS terminals.

• Payment Gateway

  Collaboration with Razorpay, a payment gateway with the aim to revolutionize online payments by providing clean, developer-friendly APls and hassle-free integration.

• Blockchain

  Bank of Baroda is founding member in two major Blockchain communities to explore, build and implement blockchain solutions in a collaborative environment. BankChain community has total 37 member banks across the globe, which is managed by Primechain Technologies Pvt. Ltd. Another community which is managed by EdgeVerve Pvt. Ltd having nine major Indian banks in it. The communities were formed with an objective to enable banks to minimize fraud and maximize efficiency, security and transparency. Bank of Baroda is experimenting with around 10 interesting use-cases on Blockchain.

• Baroda Finathon Challenge

  Bank had introduced “Baroda Finathon Challenge”, a hackathon contest, inviting the techies, developers, students and start-ups to come up with exciting, innovative, novel and viable solutions themes such as Innovation, Customer Acquisition, Customer Experience, Conversational Banking, Collections, Compliance and Operational Efficiency. The challenge successfully concluded by sifting out the most innovative solutions out of 4,600 teams. On 26th Feb, the Finale was conducted in Mumbai to adjudge 3 winners amongst 8 shortlisted teams.

Truecaller payment

• Post-Harvest Finance

  Bank of Baroda signed MOU with Allfresh Supply Management Pvt Ltd for extending finance to the farmers against pledge of warehouse receipts issued by the company. Allfresh Supply Management Pvt Ltd procures and supplies fresh produce to its customers after appropriate post-harvest management activities designed to deliver fruit conforming to customer requirements.

• Greenhouse-in-Box

  Collaborated with Kheyti Tech Pvt Ltd to finance the Greenhouse-in-Box (GIB). Company offers services like inputs, training and market linkage creating a seamless path for steady income.

• Farm Machinery on Rent

  Partnership with EM3 to provide finance for farm machinery & farm implements to be given on rent. EM3 offers its services on a Pay-for-Use basis for every step of the farming process – from soil preparation to harvest.

• Mobile Based Information

  Tie-up with RML Agtech Pvt Ltd to provide mobile based information to the farmers. RML Agtech Pvt Ltd provides agri support solution to the farmers to improve farm productivity and profitability through their information technology platform (mobile app/SMS/customer care centre) and field intervention.

• High Quality Inputs

  Bank of Baroda partnered with Lawrencedale Agro Processing India Pvt Ltd (LEAF) for providing access to farmers to high quality inputs. LEAF’s community farming helps to enhance every stage of the crop lifecycle, while ensuring profitable market linkages to enrich realization.

* In collaboration with Rural & Agri Banking and CSR Department

• FinTalk

  ‘FinTalk’ is a daily Newsletter which has all relevant news pertaining to the Fintech sector and events that affect the Fintech space. Rolled out a few months ago, it is the only Fintech newsletter in the Indian eco system. The Newsletter has already achieved a subscriber base of more than 6000 readers across corporates, academia and students within a short span of time. The Newsletter is available for everyone who subscribes to it, through the following link - https://tiny.cc/FinTalk

• Collections

  Collections is a Special Edition of our daily fintech newsletter FinTalk marking the top 15 FinTalk themes from over 200 digests published in 2017. This will provide a great way to revisit the trends and developments of Fintech space.