Retaining top talent is a key to success in the fast-paced fintech world. By combining attractive financial rewards with cutting-edge training programs and supportive work environments, they’re not just attracting talent but also keeping it. Further, they are leveraging AI-driven insights and robust career development strategies to turn workplaces into hubs of innovation and satisfaction and are setting new standards in employee retention.
WINNING RETENTION FORMULA
Rupee112 offers instant personal loans upto `1 lakh. It focused on comprehensive engagement strategies to enhance employee retention. From the financial angle, the company has introduced salary hikes, performance bonuses, and incentives options. Founder Vikkas Goyal adds: “On the non-financial angle, we have created a supportive work environment with initiatives like flexible work arrangements, wellness programs, and career development opportunities. These measures ensure that employees feel valued and motivated, contributing to higher retention rates.”
Fibe too offers instant personal loans. To improve retention, the fintech has implemented several enhancements in both financial and non-financial engagements with its employees to create a more supportive, rewarding, and engaging work environment. The company’s financial engagements include competitive compensation packages with regular salary reviews and adjustments to keep up with market trends and reward high performers appropriately. Fibe also offer performancebased variable pay and incentives to align individual performance with company goals, fostering a culture of achievement and excellence. Additionally, stock options provided by the company and profit sharing not only boost financial rewards but also create a sense of ownership and long-term commitment to the organization.
This story is from the November 2024 edition of Banking Frontiers.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the November 2024 edition of Banking Frontiers.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
It's a bank and a brokerage - FinecoBank
FinecoBank of Italy is a highly tech-enabled bank that is a combination of a bank and a brokerage:
A model for cloud adoption - Zurich Cantonal Bank
The bank is had opted for cloud to offer better service to its customers:
RBI Governor urges NBFCs to adhere to fair practices code
The Reserve Bank of India (RBI) Governor has urged Non-Banking Financial Companies (NBFCs) to strictly adhere to the Fair Practices Code, emphasizing sustainable growth and robust risk management in the sector.
Automated, Adaptive, Al-enabled Architecture is a must
Security heads from 2 BFSI companies reveal the key cyberfrauds and strategies to combat them:
Fraudsters too gain ground as real-time payment systems grow
There is a need for the technologies behind the real-time payment systems to gain a march over the methods of fraudsters:
Ethics & Challenges of AI in Cyber security: Navigating the Moral Maze
Even as AI is finding its place in the cyber security domain, an entirely new frontier of ethical challenges awaits.
Bangladesh Finance: 25% faster customer service; 15% higher customer retention
Bangladesh Finance, established in 1999, is a leading financial institution in Bangladesh.
Fino sparkles with technology & brand upshift
Fino Payments Bank started operations in June 2017, providing banking services to mass market customers, who are largely rural-based.
Savington Upshifts: 48% Faster, Churn down 31%
Savington International Insurance Brokers LLC, founded in 2006 by Dev Maitra, is a prominent insurance provider in the UAE.
Zoroastrian Bank: Multiple awards for being the Best
Established in 1927 by Sir Hormusjee Cowasjee Dinshaw Adenwalla, Zoroastrian Bank is a prominent urban cooperative bank headquartered in Mumbai, India.
