Fintech app, genie, powered by Dialog, has launched an innovative feature that allows its users to set up a Central Depository Systems (CDS) account, add money, place orders to buy and sell stocks on the Colombo Stock Exchange (CSE) and withdraw funds from their trading account maintained with the broker, and manage their stock portfolio, all from the convenience of their mobile phone. Softlogic Stockbrokers (Pvt) Ltd (SSB) is the first broker to partner with genie in providingthese brokering services within the app.
The seamless and quick end-to-end CDS account opening processhas a remote verification of the KYC (Know Your Customer), which eliminates the need for physical visits or cumbersome paperwork. After the CDS account is opened, each customer will be assigned a dedicated investment advisor.
The feature of the genie stock trading facility is that the users can fund their trading account seamlessly using the payment instruments on the genie app which facilitates transfers from their genie digital saver and other bank accounts.
“As Sri Lanka’s premier Fintech app, we are pleased to have contributed to the widening of the retail investor base in Sri Lanka and to enable investors to gain access to the stock market and start investing and tradein stocks,” Group Chief Digital Services Officer of Dialog Axiata PLC, Renuka Fernando said.