Idea behind Rumsan Money

Have you ever felt difficulties while visiting each and every bank and comparing different products, if yes then Rumsan Money has come to your place to solve all of your problems. Rumsan Money is a fintech product, an initiative of the Rumsan Group of Companies. It aims to provide you with all the data and information about the banks and insurance companies, their offered products, and services for loan processing, maintaining deposits, or buying insurance policies according to your needs.

Until now, in Nepal, there is no such platform where you can compare different products of different banks in a single platform. It has become one of the  pioneers in the field of banking and insurance.

So, are you keen to know from where the idea for this platform actually came? If yes then, let’s get into the formation of Rumsan Money.

In Nepal, there are 27 commercial banks and other various financial institutions. It is really challenging for us to visit each and every bank and learn about their numerous offerings. During lockdown, one of the team members of Rumsan struggled to visit each and every bank and learn about their numerous products and offerings. This problem was mentioned in one of their meetings. As being a tech company, they really wanted to make a difference in people's lives by building a platform that makes this process easier. They brainstormed about the possible solutions for the related problems. With the goal of making banking and insurance procedures easier, the Rumsan Group of Companies designed and built a system that allows us to compare, explore, and learn about all of the banks and their various products in the same platform. 

The idea for the Rumsan Money was conceptualized during the first lockdown and the platform was officially launched in July, 2021. It is  a digital platform where you can compare products between banks and choose the best products that suit you. It provides real-time information on financial products including interest rates and benefits. 

Rumsan Money is approaching different banks to collaborate so that the individual can compare and directly apply for the loans, saving or the insurance through this platform. Likewise, Rumsan Money is also planning to use the AI in the KYC documents using blockchain technology so that the whole process is secured and the individuals don’t need to fill up the KYC again and again every place you visit.

If you want to know more about Rumsan Money then visit the website www.rumsanmoney.com and also use the platform to experience the new way of visiting the banks and getting all the related information.