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In digital banking, Accenture to help AU financiers

Accenture has decided to help the AU Financial (AUF) set up as a small financial bank (SFB) to provide Indian consumers with loans for retail trade, agricultural finance and savings products. Aug, a non-bank finance company based in Jaipur, was one of 10 companies to obtain approval in principle for an SFB license from the Reserve Bank of India (RBI) in September 2015. In a statement Au Financiers, MD, Sanjay Agarwal said, As a small financial bank with a digital approach, our goal is to deliver an enhanced customer experience by capturing our customers’ imagination through our product offerings and service levels.