Federal Bank wins Award for online loan platform BYOM


Kochi: Federal Bank’s online loan platform BYOM (Be Your Own Master) has won the SKOCH Smart Technologies Gold Award for 2016 in Banks category. The award was conferred during the 46th SKOCH Summit held recently at New Delhi.

Babu K A, DGM & Zonal Head, New Delhi along with the BYOM Team received the award from Sameer Kochhar, Chariman, SKOCH Group. Earlier, the online loan platform was adjudged amongst the ‘Top 100 Projects in India’ for the year 2016 by SKOCH.

According to a press release from the Bank, BYOM is a step towards redefining delivery of retail lending in banking. With BYOM one can avail personal loans from the comforts of his home or office and the facility is available 24/7. Customer gets the loan amount credited to his operative account instantly. BYOM is a mobile responsive web application hosted by the Bank which can be accessed through mobile also.

“We are focused on providing unmatched digital experience to customers availing personal loans. Customers can expect more loan products through this unique digital platform in the near future. Bank aims to increase the delivery of more and more services on the digital platform”, said Sunny K P, Head of Digital Banking at Federal Bank.

Federal Bank is a leading Private Sector Bank with a branch network of 1,252 branches and 1,524 ATMs spread across the country.

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