Fable Fintech collaborates with Muthoot Group to develop a unified Muthoot platform
- ByStartupStory | July 28, 2022
The Muthoot Group, a leader in non-banking financial services that deals in Gold Loans, Foreign Exchange, and Money Transfer, has partnered with Fable Fintech, one of the top global banking infrastructure businesses that enable SaaS-powered platforms for cross-border, corporate, trade, and FX transactions. The agreement was announced on Wednesday.
The Muthoot Group’s US-India corridor of cross-border payments endeavour, a recently announced outbound remittance platform, and a crucial component of the Group’s concept of One Muthoot Platform, would be powered by the technology platform of Fable. The technological solutions from Fable enable banks and MSBs to confidently implement digital transformation while moving to market quickly.
Naushad Contractor, CEO of Fable Fintech said, “We are thrilled to work with Muthoot Group to help them use our platform to provide comprehensive cross-border solutions to their clients. Collaboration, in our opinion, is the key to the financial services industry’s future. We at Fable have been able to offer customised solutions to our clients seamlessly thanks to a plug-and-play approach, reducing the implementation time while ensuring sustained up-gradation, and helping navigate the ever-evolving landscape of global remittances and cross-border transactions.”
Fable Fintech does this through broad domain competence and well-thought-out purpose. Through a variety of sensible tools for every remittance demand, Fable provides an environment of business growth and processing competency. With more than 150 functional corridors and 34 installations spread across 9 countries, the Fable suite of products facilitates the processing of cross-border transactions in 35 send-heavy and 65 receive-heavy nations.
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