Trust Fintech Limited — Important, 19-02-2025: General Updates

Trust Fintech Limited has been empanelled as a fintech service provider by Bank of India’s Data Analytics Department for a two-year period. This empanelment allows Trust to offer several services, including a Loan Management System, data collection and risk reporting, a reconciliation module, and applications for biometric verification, mobile banking, GST compliance, and Aadhar authentication. Bank of India will invite requests for proposals (RFPs) for these services, with Trust Fintech expected to respond within prescribed timelines. This development positions Trust Fintech to potentially secure new contracts as the bank outlines future requirements within the empanelled categories, suggesting a positive outlook for revenue opportunities in the coming years.