KSUM-backed startup launches app for private banks association

Trivandrum / November 16, 2024

Thiruvananthapuram, Nov. 16: IGNOSI, a pioneering fintech solutions provider aided by Kerala State Startup Mission (KSUM), has launched an exclusive app for All Kerala Private Bank Association (AKPBA) to enhance connectivity and engagement across the private banking sector.

Named as Agent app, it is exclusively customized for the AKPBA members.

Initiated by AKPBA state President Sri P. A. Jose, the app was officially launched earlier this week.The app offers AKPBA members crucial tools, such as daily gold rate updates, spurious gold issue reporting, loan defaulter notifications, an updated members' directory, and essential document verification services for Aadhar, PAN, and IFSC codes.

It also provides subscription management, online payment facilities, and access to association magazines in digital format, all of which reinforce member connections and streamline day-to-day operations for

the association.

IGNOSI is a pioneering fintech solutions provider focused on delivering comprehensive, industry-specific banking software. Known for its core banking capabilities, IGNOSI empowers NBFCs, small banks, microfinance institutions, and credit lending organizations to streamline financial management, enhance regulatory compliance, and optimize operational efficiency.

With an all-in-one SaaS platform, IGNOSI supports advanced core banking features, paired with mobile apps for collection agents and customer account management.

“At IGNOSI, our vision is to revolutionize financial management for banking institutions through cutting-edge technology and seamless user experiences,” said Shri Rajesh Sreekantan, Founder and CEO of IGNOSI.

The new app exemplifies IGNOSI's mission to drive innovation in financial technology, enhancing connectivity and transforming finance members engagement across the private banking sector.

“With this app, we’re proud to strengthen AKPBA’s member relationships and provide a powerful tool that brings private bankers in Kerala closer together. IGNOSI continues to prioritize intuitive, data-driven solutions that meet the evolving needs of our clients in today’s digital world,” Shri Rajesh added.

IGNOSI has outlined an ambitious roadmap for enhancing its platform with increased security measures and additional member-centered features, including a system to prevent spurious gold issues, digitized NPA gold auction processes, unified gold loan standardization, and further client branding capabilities

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