CAL pro­vides in­vestors in­no­va­tive fin­tech so­lu­tion with Fip­box launch

Daily Mirror (Sri Lanka) - - FINANCE -

Cap­i­tal Al­liance (CAL) has launched Fip­box, a cen­tralised web ap­pli­ca­tion that fa­cil­i­tates in­vestors with up-to-date in­for­ma­tion about in­ter­est rates and credit rat­ings of banks and fi­nan­cial in­sti­tu­tions, al­low­ing clients to con­firm in­vest­ments through a sin­gle plat­form to help them find the best fixed de­posit rate.

Fip­box (Pvt.) Ltd is a Fin­tech com­pany geared to pro­vide con­ve­nience, ac­ces­si­bil­ity and ef­fi­ciency to Sri Lankans in the fi­nan­cial ser­vices sec­tor. It al­lows users to track their in­vest­ments from end-to-end, in­clud­ing ma­tu­ri­ties, re-in­vest­ments, and more. A one-time sub­mis­sion of the in­for­ma­tion into the Fip­box ap­pli­ca­tion (www.fip­box. com) sim­pli­fies the has­sle of fill­ing ap­pli­ca­tion forms. Speak­ing to the gath­er­ing at the grand launch event held at Jaic Hil­ton, Colombo, CAL Manag­ing Di­rec­tor Ajith Fer­nando stated: “Fip­box sim­pli­fies the chal­leng­ing process of search­ing on­line for the best fixed de­posit rates, by pro­vid­ing all the re­quired in­for­ma­tion such as in­ter­est rates, credit rank­ings and more of all banks and fi­nan­cial in­sti­tu­tions in Sri Lanka on its plat­form.”

“Fip­box users can make their de­posit in just three clicks, as it ef­fec­tively does away with the need to fill forms and wait for a re­sponse,” he con­tin­ued. “Fip­box educates the com­mu­nity about in­vest­ment best prac­tices by shar­ing con­tent on in­vest­ment and money sav­ing mat­ters. This in­no­va­tion is yet an­other tes­ti­mony of CAL’S com­mit­ment to de­liver ex­cel­lence in ex­e­cu­tion, world-class re­search and prod­uct in­no­va­tion.”

As a re­li­able and trusted part­ner, this Cal-ini­ti­ated plat­form is a con­ve­nient ap­proach that re­duces time spent on re­search­ing fixed de­posit rates, which is es­pe­cially ad­van­ta­geous for se­nior cit­i­zens of­fer­ing trust­wor­thy and de­pend­able in­for­ma­tion for in­vestors who have just en­tered the mar­ket. For in­stance, a salaried em­ployee who would want to grow mod­est wealth by analysing ex­pected re­turns would find Fip­box to be ideal, as would re­tirees who want to find a safe nest to vest their life’s earn­ings and earn a monthly in­come; or even in­di­vid­u­als who want to make their money earn for them.

Fip­box is a wholly owned sub­sidiary of the Cap­i­tal Al­liance Group, a highly re­puted fi­nan­cial ser­vices group also hold­ing a Pri­mary Dealer in gov­ern­ment.

CAL of­fers a range of in­vest­ment prod­ucts cov­er­ing eq­uity, fixed in­come, and com­modi­ties, mak­ing it a fully in­te­grated in­vest­ment bank. CAL spe­cialises in the orig­i­na­tion, trad­ing and sales se­cu­ri­ties, both debt and eq­uity, and aims to pro­vide uni­ver­sal broking ser­vices to the mar­ket.

Cap­i­tal Al­liance Manag­ing Di­rec­tor Ajith Fer­nando ad­dress­ing the gath­er­ing at the launch PIC BY KUSHAN PATIRAJA

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