Tasthana - First Innovation in Deposits Bringing A Behavioural Change and Disruptive

Posted On: 08 / Mar / 2022
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Deal Details

Annual

Deal Type

Equity (Fundraise)
Maximum Loan

Industry

Information Technology / IT
Charge

Deal Status

Active

Deal Description

Greetings and pray that you, your family and your staff are safe and sound. We are a Bangalore based Start-up and have made the first innovation in Deposits called TASTHANA. To mention in brief: • It has 40 Features more than any deposit product today thus giving Many Choices to Customers • With Tasthana there is NO STRESS to ALM and does not violate any Regulation • It combines Sweep Deposits if the interest rate is the same making Reconciliation very easy • It is the first product in Banking which helps the customer take decisions through AI Simulation • Integration through APIs and Withdrawal through Debit Cards and CASA Accounts Delinked from Deposits • Tasthana helps banks gets incremental deposits up to a bare minimum of ? 1,000 Crores per annum, if not more which is over and above the existing deposits • Tasthana also reduces the cost of funds for banks by up to 3% • Tasthana helps the customer get more value from their deposit up to 1% or more • Tasthana creates 10 crore jobs and incentivizes and helps families to save • It is a perfect Wealth Management Tool The Fundamental Difference between CBS Deposit products such as Finacle, BANCS, Flexcube, etc. are that: None of Them Say That They Will Get You Any Deposit. But Tasthana says that it will get you deposits at least ? 1,000 Crores per annum which is over and above your existing Deposits The USP of Tasthana is The Behavioural Change it brings about in people who open Deposits. Enclosed, please find the PPT for your perusal. Please also see the last slide where 3 relevant files are embedded. We have completed 2 POCs and will be Going Live with Yes Bank this month.

No Files Attached

Deal Value
Targeted Region
Americas

Revenue

2019-20
Undisclosed
2020-21
Undisclosed
2021-22
Undisclosed