SBM Bank Joins Hands with OPEN

Current Context: SBM Bank India partnered with Open Financial Technologies Pvt. Ltd to launch “Zwitch”.

• Zwitch is Asia’s first end-to-end embedded finance platform which is built by Open Financial Technologies Pvt. Ltd.
• By offering no-code, low-code and full-stack Application Programming Interfaces (APIs), Zwitch will enable FinTech companies to develop their financial products.
• Merits of using finance platform Zwitch for FinTech companies:

1. It will reduce go-to-market timelines.
2. It will increase revenue streams.
3. It will create newer avenues to engage with users.

• SBM Bank India is a subsidiary of the State Bank of Mauritius that was established in 2018 with its headquarters in Mumbai. The current MD & CEO of the bank is Sidharth Rath.
• OPEN is a digital banking fintech company that was established in 2017 with its headquarters in Bengaluru. The current CEO of the company is Anish Achuthan.

Question:

Q.1 Recently Asia’s first end-to-end embedded finance platform, Zwitch, was launched by?
a. HSBC India
b. Woori Bank
c. SBM Bank India
d. DBS Bank India