Mumbai, September 16, 2025 – Umunthu System Private Limited, in collaboration with Cosmos Co-operative Bank, today announced the launch of Cosmo Galgal—India’s first youth-focused digital banking solution introduced by a co-operative bank.
The app offers fully integrated video KYC, enabling users to open zero-balance savings accounts in under 15 minutes from anywhere—eliminating the need to visit a branch.
Designed specifically for Gen Z and millennials, Cosmo Galgal aims to simplify money management while encouraging responsible financial habits. By linking Cosmos Bank accounts with any UPI app, users can consolidate their transaction data seamlessly. Its TrendZ dashboard provides real-time, auto-categorized insights into spending, empowering smarter financial choices.
“We’ve built Galgal with a clear purpose: to give young Indians the tools they need to navigate the complexities of managing money in today’s fast-paced world,” said Darshan Desai, Chief Marketing Officer, Umunthu System. “Our mission is not just to provide a banking app but to transform how young people approach their finances—giving them clarity, control, and confidence.”
This app offers a modern and user-friendly banking experience with a host of convenient features designed to simplify financial management. With quick account opening, users can set up a zero-balance savings account in under 15 minutes through a secure Video KYC process. The app provides comprehensive banking services, including money deposits, bank transfers, fixed deposits, and access to detailed account statements—all in one place.
One of the standout features is TrendZ, which allows users to track all their transactions in a centralized and easy-to-understand format. The app is fully UPI-compatible, enabling seamless linking with any UPI app for instant and hassle-free payments. For added convenience, users receive virtual debit cards for online transactions and have the option to request physical RuPay Platinum cards, which come with exclusive rewards and benefits.
To support better financial planning, the app includes an auto budgeting tool that intelligently categorizes spending into essentials, savings, and discretionary expenses. It also ensures accessibility for a diverse user base by offering multilingual support in English, Hindi, Marathi, and Gujarati, with more regional languages to be added soon.
Arti Dhole, Joint Managing Director, Cosmos Bank, said,”The Galgal app is a step forward in our digital transformation journey. It combines advanced systems with customer-focused innovation to deliver secure, seamless, and user-friendly experiences for a new generation of customers.”
Harsh Chhatrapati, CEO, Umunthu System, added,”Over 1,500 co-operative banks in India now face a critical need to modernize. Galgal is not just an app—it’s a reimagining of how co-operative banking can serve today’s digital-first users.”
Arun Iyer, Co-founder & Chief Product Officer, Umunthu System, remarked, “From user-centric engineering to regulatory compliance, every detail of Galgal has been crafted with precision. This launch is just the beginning—we will continue to push innovation in co-operative banking.”
About Umunthu System
Umunthu System Private Limited builds enterprise software solutions for financial institutions, enabling digitization and automation while preserving the legacy and trust of traditional banking institutions.
The launch of Cosmo Galgal marks a transformative milestone for India’s co-operative banking sector—bridging the legacy of trust with modern digital experiences and redefining how young Indians engage with money.
About Cosmos Cooperative Bank
In the world of Co-operative Banking, Cosmos Co-operative Bank Ltd. holds the record of 119 years of relentless service to its more than 20 lakh satisfied customers through 183 branches in 7 States. Over the past decade, the Bank has made continual progress and has set a model example to co-operative banks by its professional conduct. The bank is committed to maintain the highest level of ethical standards, professional integrity, corporate governance and regulatory compliance. Established with an objective to provide personalized banking services to varied customer base, the bank has served the purpose by understanding the needs of various customers truly and deeply, and designing its products accordingly. Being the member of BCSBI, Bank ensures the highest standards of banking practices to customers.
The Board of Directors includes eminent and learned personalities from various professions having proficient approach towards formation of policies. The bank is managed by highly qualified, dedicated, dynamic and sincere Management Team.
Cosmos Bank is not just a Multi-state Scheduled Co-operative Bank but a professionally managed ‘Financial Institution’.
