Fino Payments Bank turns to AI as it prepares to become a small finance bank

Fino Payments Bank adds 7 lakh accounts in Q4, deposits hit record high; transactions dip sequentially


Fino Payments Bank said on Monday, June 1, that it has entered into a strategic partnership with Ezee.ai to deploy an artificial intelligence-enabled Loan Origination System (LOS), Business Rules Engine (BRE) and Collections Management Platform as part of its transition towards becoming a small finance bank (SFB).

According to the bank, the collaboration is aimed at building a scalable and future-ready lending ecosystem that supports seamless credit operations and strengthens its SFB implementation journey.

Speaking on the development, Ketan Merchant, Interim CEO of the Bank, said,
“Our vision is to build a differentiated, technology-led, and asset-light Small Finance Bank that combines innovation with customer-centricity. This partnership with Ezee.ai marks an important milestone in that journey, building our lending capabilities through AI-driven automation and intelligent decision-making.”
He added that as they prepare for the next phase of growth, technology and digital innovation will remain key enablers in delivering faster, seamless, and inclusive banking experiences to our customers.

The bank said the initiative aligns with its broader strategy of leveraging advanced technologies to create a differentiated banking franchise and expand credit access across Bharat through a technology-led operating model.

Commenting on the partnership, Rajendra Awasthi, CEO, Ezee.ai, said:
“We are delighted to partner with Fino Payments Bank in its transformation journey. Our AI-powered nocode platform will help accelerate digital lending capabilities, improve operational agility, and enable scalable, customer-focused innovation.”

Fino Payments Bank Ltd closed at 125.20 on 1 June at 3:30 pm IST, down 2.54 points or 1.99% for the day.

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