Karnataka Bank hosts 'KBL - FinOne' - a fintech partnership event at Bengaluru

Private sector lender Karnataka Bank on Friday, July 21, 2023 hosted the first edition of KBL - FinOne, "A Fintech Growth Program" at the Bank's Bull Temple Road Office in Bengaluru with participation from India's leading FinTechs with the objective of forging collaborations to develop innovative business models, providing seamless banking experience & offering a complete product suite. The event is hosted in association with "Thefintechmeetup".

The First edition of KBL - FinOne featured over 30 speakers from various Fintechs, delving into some of the interesting & relevant topics like Emerging Lending models, Neo Banks, Platformization including No Code - Low Code, Embedded Finance, Cards Infrastructure, Payment innovations etc. The sessions were moderated by Shri Abhishant Pant, TFM.

Speaking about the event, Shri Srikrishnan H, Managing Director & CEO, said "Karnataka Bank is looking forward to co-creating a digital ecosystem with robust and innovative solutions. This will complement the wealth of 100 years of trusted banking experience of the Bank and the strengths in technology and product of Fintechs."

Terming the event as a proactive step initiated by the Bank, Shri Sekhar Rao, Executive Director said, "We are quite confident of having some productive outcomes from the learnings of this conclave which has witnessed the participation of representatives from some of the leading fintech companies in the industry who have made path breaking disruptions in the financial space. Through this series of 'KBL -FinOne' we are heralding a new chapter in developing innovative business models through partnership with fintechs which will stand the test of sustainability and compliance to regulatory frameworks."

Dr. D S Ravindran, Director, Shri Balachandra Y V, Chief Operating Officer, Shri Gokuldas Pai, Chief Business Officer along with senior executives across the departments of Karnataka Bank were also attended the event.

Shares of The Karnataka Bank Limited was last trading in BSE at Rs. 208.20 as compared to the previous close of Rs. 212.65. The total number of shares traded during the day was 153951 in over 1918 trades.

The stock hit an intraday high of Rs. 214.55 and intraday low of 205.55. The net turnover during the day was Rs. 32269315.00.

Source : Equity Bulls

Keywords

TheKarnatakaBank INE614B01018 1stEdition KBL FinOne FintechGrowthProgram