Fino Payments Bank announced on Monday 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. According to reports from PTI, this collaboration is part of the bank's transition towards becoming a small finance bank (SFB). The initiative aims to build a scalable and future-ready lending ecosystem that supports seamless credit operations and strengthens its SFB implementation journey.
As reported by PTI, the bank's leadership emphasized their vision to build a differentiated, technology-led, and asset-light Small Finance Bank that combines innovation with customer-centricity. The partnership with Ezee.ai marks an important milestone in this transformation journey, building lending capabilities through AI-driven automation and intelligent decision-making. Fino Payments Bank Interim CEO Ketan Merchant stated that this partnership reinforces their strategic focus on leveraging advanced digital technologies to build a scalable and future-ready banking franchise while expanding credit access across Bharat through a technology-led operating model. He added that technology and digital innovation would remain key enablers in delivering faster, seamless, and inclusive banking experiences to customers as the bank enters its next phase of growth.
According to PTI, the initiative aligns with the bank's broader strategy of leveraging advanced technologies to create a differentiated banking franchise and expand credit access across Bharat through a technology-led operating model. The partnership with Ezee.ai's AI-powered no-code platform is expected to help accelerate digital lending capabilities, improve operational agility, and enable scalable, customer-focused innovation in the bank's transformation journey. Ezee.ai CEO Rajendra Awasthi confirmed that the company's AI-powered no-code platform would help accelerate the bank's digital lending capabilities, improve operational agility, and enable scalable, customer-focused innovation.
As reported by PTI, Fino Payments Bank Ltd closed at ₹125.20 on June 1 at 3:30 pm IST, down 2.54 points or 1.99% for the day. The stock movement occurred alongside the announcement of the strategic partnership with Ezee.ai.
The partnership announcement comes months after Fino Payments Bank disclosed that its Managing Director and Chief Executive Officer Rishi Gupta had been arrested by tax authorities in connection with alleged violations of Goods and Services Tax (GST) laws. Despite these challenges, the bank continues to focus on its digital transformation and SFB transition strategy through strategic technology partnerships like this collaboration with Ezee.ai.
