Daily Mirror (Sri Lanka)

CAL provides investors innovative fintech solution with Fipbox launch


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

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