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Tata Digital sets up financial marketplace entity

January 12, 2022

Tata Digital sets up financial marketplace entity

Tata Digital has set up a digital financial entity, Tata Fintech, which is expected to work as a financial marketplace giving various financial product and a fresh out of the box new retail funds gateway to its customers underneath a single rooftop, people aware of the event mentioned.

Fused in November 2021, Tata Fintech has all the earmarks of being parallels building a financial providers portfolio and hiring senior expertise from digital and financial backgrounds.

Its board of administrators comprises of Myntra and CureFit fellow co-founder and Tata Digital President Mukesh Bansal, former funding banker Ankur Verma, and Modan Saha, CEO-financial provider at Tata Digital. Bunch firms Tata Capital, which has its own advanced arm, and Tata Consultancy Services are serving to the brand new entity with merchandise and know-how, the sources mentioned.

Officials near to Tata Capital informed ET that the finance and funding service provider is working with Tata Digital to build a digital financial providers platform.

“Tata Fintech does not yet have a NBFC permit,” one among them mentioned. “So the entity will focus on payments and other products. However, there is reasonably good coordination between the two entities.”

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