News Corp’s surpasses 900,000 personal finance interactions

MUMBAI: News Corp owned personal financial advice platform has empowered 900,000 users to make informed financial decisions.


The announcement has come as the platform unveiled its full suite of new, free-to-use, data-backed personal finance advice tools, along with insightful articles and videos.  


BigDecisions helps users prudently plan for their retirement, the education of their children, assessing their life and health insurance needs, and helping them to benefit from transferring their home loans. In addition, the platform also helps users decide whether to rent or buy a home, a critical decision amid a stagnant real-estate market in India. The platform uniquely uses Big Data, such as healthcare costs across India and sample household expense data over 20 years, to calculate likely inflation for retirement planning, while enabling users arrive at more realistic and actionable next steps with simple-to-use tools.


In the nine months since News Corp acquired, the platform has had 700,000 different users take advantage of its tools and insights. The number of visitors per month has increased to 400,000 from under 50,000 in January.


“Sources of financial empowerment based on unbiased information and smart analytics have been few and far between in India,” said Manish Shah, Co-Founder and CEO, “The quality of content, the wealth of impartial data backed insights and the ease of use make it an engagement worthy experience for our users who see immense value in our offerings.”


For example, BigDecisions allows users to figure out how much health insurance they need based on family structure and treatment costs in their city. It relies on a sophisticated, behind-the-scenes algorithm that assigns a probability to each member of the family falling ill, helping assess an appropriate amount of health-insurance coverage for the family. Users are then free to choose where and how they want to acquire such insurance, from a variety of vetted, licensed third-party product providers. All this happens online, at a user’s convenience and with full data privacy, and without the product-sales pitches that are commonplace in India with sales of such products.


“We have designed tools that are easy to navigate, with information that is easy to find and act upon,” said Gaurav Roy, Co-Founder and Product Head. “Our new platform, with its improved usability on the phone, enables us to expand our user base into Tier II and Tier III towns as well.”


The majority of users currently come from the top 8 cities of India.


“The early response to validates our belief that Indian consumers are looking for unbiased and accurate advice, as well as user-friendly calculators,” said Raju Narisetti, Senior Vice-President, Strategy, News Corp. “A vibrant digital India needs financially empowered citizens who can rely on trusted sources in their journey to financial prosperity.”


As part of its roadmap, BigDecisions plans to combine its data-backed insights with peer-to-peer shared user experiences (for instance, “people similar to you did this”) to enhance decision-making for its users, as well as work with banking, asset management, insurance and other financial services companies in India to create tailored solutions aimed at educating and empowering users.

Latest Reads
Q2-17: DB Corp revenue up, radio operating profit doubles

DB Corp Limited (DB Corp), home to flagship newspapers Dainik Bhaskar, Divya Bhaskar, Dainik Divya Marathi and Saurashtra Samachar reported 10.5 percent higher consolidated revenue for the quarter ended 30 September 2016 (Q2-17, current quarter) as compared to the corresponding year ago quarter....

MAM Marketing Brands
P Mark TVC features Boman Irani

MUMBAI: P Mark, the front-runner in the mustard oil segment in India, has unveiled its new TV campaign ‘one specialist to another’. Reinforcing its commitment as specialists and educating the masses about the taste, the new TVC pays tribute to P Mark’s exceptional taster in the category.

MAM Media and Advertising Ad Campaigns
Officer's Choice Blue snacks launches a new TVC campaign

Officer’s Choice Blue has launched a new advertising campaign ‘Salute to Banta Hai’ - communication that repurposes its long-standing platform of the ‘Good Samaritan’. The four TVC’s narrate testing situations, in slices of everyday life, and defines their actions to make for a better and caring...

MAM Media and Advertising Ad Campaigns
Interactive Television's Buzz Index to help advertisers make smart investment in movies

Interactive Television, a unit of WPP, has launched ‘Buzz index’- a revolutionary buzz measuring tool for helping advertisers to make informed decisions for cinema advertising.

MAM Media and Advertising Media Agencies
India's AdEx revised to Rs 62,483 cr. by EEMA; includes 'experiential' with 13.6 per cent share

MUMBAI: ‘Experiential Marketing’ or the concept of creating a bond between the consumer and the brand beyond ‘buying and selling’ by immersing them in an experience, is an underrated and underrepresented form of marketing, several marketers guiltily admit.

MAM Marketing MAM
WATConsult asks 'WAT's your Big Idea?'

WATConsult has launched of one of its kind ideation competition for colleges across the country - WAT’s your Big Idea (#WYBI).

MAM Media and Advertising Digital Agencies
iProspect campaign features Olympians

iProspect, the global business performance agency, has launched a new global brand campaign “It’s Who We Are” featuring six members of its staff. The agency held a search for the ‘faces of iProspect’ across its network of 84 offices across 52 countries. The campaign showcases how the talents and...

MAM Media and Advertising Digital Agencies
'Baahubali' forays into licensing with 'Black White Orange'; targets Rs 25 cr in retail sales

The brand is targeting 20-25 crore of retail sales alone from their merchandising & licensing revenue

MAM Media and Advertising Media Agencies
Google renovates AdSense UI for publishers with Material Design

Google's ad management platform for publishers, AdSense is to get a Material Design make-over much like their consumer-facing products like Google Maps, the tech giant recently announced.

MAM Media and Advertising People

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories