It has launched Finsider, an invitation-based programme that allows users to test the app and provide feedback in exchange for reward points.
The new app functions as a digital marketplace offering products such as home loans, personal loans, loans against securities, credit cards, insurance, UPI payments, mutual funds, fixed deposits and digital gold, that are personalised using AI.
For every transaction made on the platform, users can earn “JioPoints” that can be redeemed against a catalogue of rewards.
In a regulatory exchange, Jio Financial said additional features under development include a “Financial Fitness Score” to assess users’ financial health and tools to automate recurring payments and investments.
The app also includes a chat-based interface that allows users to type in financial requirements to discover relevant products, instead of navigating multiple menus.
The company said Jio Finance serves around 20 million users across all its digital platforms. The app is also integrated with the MyJio super-app, giving it access to Jio’s wider telecom and digital services ecosystem.
The announcement came after market hours with shares of Jio Financial Services ending at ₹254.90 apiece, down 0.49% for the day.
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