AP Government, Rubique sign MoU for robust fintech ecosystem at Vizag

Rubique has announced signing of an MoU with the Andhra Government, to develop Visakhapatnam as the fintech hub of the country.

Having identified the state as a key market with tremendous potential, Rubique and the state government have joined hands to foray into the geography Vizag.

Rubique has been transforming the traditional lending process through technological interventions in an unparalleled manner, helping a large number of customers in fulfilling their financial requirements. By collaborating with the Andhra Pradesh Government, Rubique will accelerate its journey in digitizing the financial sector by bringing tech-driven paradigm shifts in traditional practices through its unique Online PLUS model.

The platform enables users to get the best KYC, credit bureau integration, banking analysis, enhanced logic in proprietary matchmaking algorithm, and the addition of new data science methodologies.

Additionally, its AI deals and have their loan applications processed faster through PAN verification, Aadhaar based e-and decision engine powered bot, Rubot, is aimed at easing the transaction experience, whereas the TAB solution offers a wide SME product portfolio.

"Andhra Pradesh is becoming one of the pioneers of the digital revolution in India and we are quite excited to be a part of this upcoming 'Fintech Valley' of the country. Through our expansion in the state, we are hoping to witness nearly fivefold increase in the number of aspiring entrepreneurs and individuals who would be willing to take the digital route of raising finance to fulfill their business goals," said MD and CEO Rubique, Manav Jeet.

"We are happy partner with Rubique, whose vision is aligned towards collaborating to create a fintech ecosystem in Vizag," said special chief secretary and IT advisor to the Chief Minister - Govt. of AP, J A Chowdary.