Federal Bank wins Banking Frontier’s Finnoviti 2016 Award

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NewZNew (Chandigarh) : Federal Bank has been chosen for the Banking Frontier’s Finnoviti 2016 Award for the Bank’s innovation, FedBook Selfie.

Federal BankFedBook Selfie, India’s first mobile App for Bank account opening, has been one major innovation in the history of Indian Banking where the customer on-boarding process is diametrically different to the process followed by other Banks. The App facilitates anyone having an Aadhaar Card and PAN Card to open a Savings Bank Account and get their Account Number instantly from anywhere at any time using a smart phone.

Finnoviti is a premium platform that recognizes and rewards innovations in the Banking, Financial Services and Insurance (BFSI) sector. The award will be presented to the Bank at Mumbai on 6th February 2016. This is the third consecutive year that Federal Bank is getting the Finnoviti award, the earlier occasions being in 2013-14 for Virtual Accounting System (VAS) and in 2014-15 for Scan N Pay.