Bank of Baroda invites ‘Fintech Companies’ for Development, Customization and Maintenance of Digital Solutions via Wet Signatures

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 Bank of Baroda invites ‘Fintech Companies’ for Development, Customization and Maintenance of Digital Solutions via Wet Signatures

          All FinTechs are requested to go through the 54 pages Bank Of Baroda RFP and if they fit in for empanelment to proceed accordingly



Please note:

01)  Wet Signature required

02) Processing fee required

03) Pre-Bid meeting on Microsoft Teams

04)  Bid Closure Date 25 Jan 2023 at 15 Hrs

Bank of Baroda is one of the largest Public Sector Bank (PSU) in India with a branch network of over 8100+ branches in India and 95+ branches/offices overseas including branches of subsidiaries, distributed in 15+ countries.

The 8100 + physical branches are spread all over India.

RFP Objective: To increase the Bank-Fintech partnership, to enable Bank Digital Channels as a platform for on-boarding large number of Fintechs/Startups entities for providing various third party financial / ecosystem products to customers.

The brief scope of work is mentioned in the Annexure-08.

This RFP shall not define project specific terms and guidelines. They shall be specified in the Limited Tender Enquiry (Request for Quote (RFQ)) documents issued to the empaneled vendors for the specific requirement.

The broad category in which Bank of Baroda is looking to partner with FinTechs is as below:

Sr Category

1 Digital Journeys solution provider

2 Digital Solution for emerging asset products

3 Digital Payment Solution provider

4 Forex Solutions

5 Merchant Solution Provider

6 Omnibus Workflow solutions provider

7 Marketplace connector solutions

8 Digital Marketing Automation and Performance Marketing

9 Analytic Model Provider

10 Design firms (UI / UX)

11 Fintech Solution Developers (Wealth)

12 Beyond Banking Solution Provider

13 Digital Marketplace solution provider

14 Agritech Solution Provider

15 Adaptive Authentication Solution

16 Digital Solution for MSME / Corporates / Partnerships

 

          FinTech’s based on their understanding of the needs of banks customers across the above categories can choose to apply accordingly.

          Please note the FinTech’s have to pay INR5,000/- per application per category. If they choose to apply for all 16 categories, they have to shell out INR80,000/- Nothing More – Nothing Less.

          Looking forward to innovative Safe Banking Products from these tie-ups.

          Disclaimer: Please note these are my personal views only. I am solely responsible for any errors.  Copyrights if any, rest with the original holder only. The bottom line is Safe ePayments. Nothing More – Nothing Less.

Images for representation purpose only.

 

 

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