India’s Kotak Mahindra Bank unifies corporate banking portal with Finastra

The bank plans to add payments and collections services by end-2022.

India’s Kotak Mahindra Bank has partnered with the software company Finastra to unify its corporate banking portal Kotak FYN, according to a press release.

Through Kotak FYN, the bank’s business and corporate customers can carry out trade services.

The bank also plans to add account services, as well as payments and collections services by end-2022.

Kotak FYN made use of Finastra’s Unified Corporate Solution, which enables banks to unify data across multiple, product-specific portals and back-office systems. This in turn creates a single view of transactions, positions and balances, according to the press release.