Page 25 - Banking Finance September 2020

PRESS RELEASE

Finway join hands with Alphabot.ai, a pioneer of algorithmic trading

in India

After leaving an indelible imprint in segments like Loan, Finance, Advisory, and Insurance, Finway, one of India’s leading
Financial Services Company, has decided to venture into the field of stock trading by joining hands with Alphabot.ai, a pioneer
in algorithmic trading in India.
Unlike traditional mutual funds, Alphabot.ai deals in automated trading of stocks and derivatives with the help of algo
trading strategies. A major upside to automated trading over other forms of stock trading is that it makes trading quite
simple and hassle-free. In manual trading, the trader has to constantly monitor the stock market for ups and downs – which
means sacrificing comfort and staying focused all the time on the stock market. Also, when a trader is making buying and
selling decisions solely based on instincts, it can often result in blunders as humans are prone to greed and fear. Such irrational
impulses govern us all the time and force us to make choices that aren’t often in our best interest.
These are the major problems that Alphabot.ai seeks to address. By taking the help of ever-advancing computer software
and diligently crafted trade algorithms, Alphabot.ai makes sure that the burden is lifted off from the trader’s shoulders.
Addressing the tie-up with Alphabot.ai, Mr. Rachit Chawla, Founder and CEO, Finway, said, “We are firm believers in innovation
and providing the maximum value to the customers. During our existence as a financial services company, we have tried to
consolidate the fragmented lending channel and we’ve brought transparency to the table as well. As the next step towards
the fulfillment of our dream of “empowering people financially”, we have started providing algorithmic trading services by
tying up with Alphabot.ai, a company that is a pioneer of algorithmic trading in India. Finway has always been an organization
that motivates people to fulfill their dreams, and we will continue to tread this path with utmost zeal and we’ll do everything
in our power to spread financial literacy in the country.”
Alphabot.ai is a trading interface for all types of investors and traders. It entertains Retail customers, who would like to
trade profitable strategies automatically, and it also accommodates strategy developers, who can put up their strategies
that can be traded by others, and in turn, the strategy developers get monetary benefits.
Traders and investors can make a precise entry, exit, and money management rules in the automated trading systems.
Alphabot.ai offers automation of complex trading strategies in Equity, Forex, and Derivative markets.

Mr. Aseem Singhal, Co-founder, Alphabot.ai, said, “We are elated to have partnered with Finway and we’ll be working
together towards achieving our mutual objective of providing financial independence to all individuals. Our huge distribution
network can be greatly leveraged to get this great product in the hand of the consumers. As contemporary time demands,
getting a product for automated stock trading was imperative and hence the product and our association is in line with
customers’ requirements.”

ESAF Small Finance Bank Announces Fintech Conclave 2020
ESAF Small Finance Bank has announced its first Fintech Conclave for the country's cutting edge fintech companies who
can redefine the future of digital banking with innovative technologies and to be a partner in rebuilding India. The conclave
endorses entrepreneurship in the banking sector and is open for start-ups, established and growth-phase technology
firms, social innovators and entrepreneurs having innovative solutions that align with ESAF’s core mission to provide
responsive banking services to the underserved and unserved population of India.
Through this conclave, ESAF provides fintech firms a platform to showcase their new digital banking solutions that facilitate
last mile financial inclusion. The competent finalist can eventually become a long term strategic partner of the bank as
the co-creator of new financial digital products that will be the latest enhancement to happen in the banking sector.
The new normal evolved post the Covid-19 pandemic has given fillip to contactless digital banking and the banking sector
is exploring more such solutions that would enhance customer experience and technology-based service delivery. It is
here the Fintech Conclave 2020 inviting entrepreneurs who offer digital solutions to multipartite banking, to have a say.
As the banking sector exploring new digital avenues with customer satisfaction in the spotlight, the doors are wide open
for fintech entrepreneurs to devise digital products that meet the need.

BANKING FINANCE | SEPTEMBER | 2020 | 25