BankBazaar riding on India Stack to achieve faster profitability

Online marketplace for financial services BankBazaar is riding on the back of India Stack, the country's cashless and paperless technology platform, to woo consumers to buy financial products such as mutual funds and fixed deposits directly on their mobile phones.

BankBazaar is investing into e-KYC, e-Sign and will soon integrate its service with the upcoming Digi-Locker facility, allowing it to reduce the time it takes to process a new financial service from four to six days to just three minutes.

The company is also simultaneously working on integrating core banking and insurance systems, while educating banks to begin