Roinet Solution: A Rural-Focused Technology Driven Financial Services Provider For The Under Served
The 'X' Factor
In addition to banking services, ROINET has enabled end-to-end digital, paperless, and seamless service points to offer life-enriching services like insurance, PAN card, recharges and ticketing, and more. The transactions are authenticated with Aadhaar, which makes them completely secure with no chance of error or fraud. Every service point is connected to the CBS (Core Banking System) through its in-house developed technology platform, which is tested and certified for
ROINET plans to ensure presence in all addressable districts of India within the current fiscal year ending March 2020
ROINET ensures that the customer service partner that it on-boards is from the same village and understands language and dialect. Rural customers avail virtually all services that he/she get in traditional bank branch such as opening a new account/fixed deposit/recurring deposit, depositing/ withdrawing money. Being technology-driven, the CSP operates early in the morning to late evening and even on bank holidays, which makes it very convenient for the residents.
Journey So Far
The journey so far has been very fulfilling with its share of highs and lows. ROINET added significant competitive advantage by developing an in a house technology platform, which provides scalability and agility in meeting ever-changing customer needs with speed. In the last two years, the company has transitioned from pure play banking service provider to financial service provider. The company has been growing multifold year-on-year on both revenue and CSP. ROINET is a strong 110-member team. The management team consists of strong leaders with over two decades of experience from diverse sectors, including IT, Telecom, and FMCG. The team has owned the responsibility of improving the quality of life for all the stakeholders as its sole purpose of existence. Therefore, customer centricity becomes the central theme, and the team members think, act, and understand the world around them. The company encourages the team to work hard and party hard. It also empowers them with decision-making authority and enables them with training and rewards. ROINET is fortunate to have Mr AP Hota as an advisor who is the chief architect of modern payment interfaces while he headed the National Payment Corporation of India.
Mapping the Future
ROINET plans to ensure presence in all addressable districts of India within the current fiscal year ending March 2020. It is also in the process of rapidly adding the sales and distribution teams in uncovered geographies and planning to cover all addressable districts of the country. It is investing significantly in technology and customer support infrastructure for best-in-class consumer experience. "We are right on track for meeting our goals of the growing number of CSP and revenue topline threefold over last year. We plan to continuously add new products and services in our platform and introduce at least one new service every quarter. We are also looking forward to investing heavily in newer technologies like AI and Data Analytics for understating our consumers better and tailormake solutions for them," concludes Sameer Mathur, Managing Director, ROI NET Solution.
Sameer Mathur – Managing Director
Sanjeev Mahajan – Chief Growth Officer
Vivek Gupta – CTO
Chander Madan – CFO
Devesh Shanker – Business Head - FI
Nitesh Agarwalla - Business Head - Green Energy
Offerings: Digital Banking Services Bill Pay & Utility Services Insurance, Green Energy