MIS to Promote Rural Banking
By CXOtoday Staff
Mumbai, Nov 13, 2008 1839 hrs IST

To reach out to millions of unbanked rural customers, Mumbai based technology solutions provider Financial Information Network and Operations Ltd. (FINO) will work jointly with Access Development Services (ADS) to promote management information system (MIS) in the sector.

As a solution provider, FINO will implement MIS solution along with its various delivery channels, including mobiles, smart cards, micro-deposit machines (MDM's) and credit bureaux services to aid Access Microfinance Alliance (AmFA) partners to scale up their operations.

The aim is to help tier two and tier three MFIs towards capacity building and adopting MIS to improve efficiency of their day-to-day operations. The solution provides biometric smart cards to microfinance institutions, banks, government and insurance organizations and also serves as a business correspondent for three large banks in India to facilitate secure financial services and transactions like savings, loans, insurance and remittances. With this technology, rural customers will now have access to doorstep banking with an array of financial and non-financial services at the customers disposal.

The tie up will help us strengthen our relationship with the AmFA network MFIs by providing them the technology making us reach the unbanked rural masses and help bridge the demand and supply gap of financial and non-financial services, said Vipin Sharma, chief executive officer, ADS.


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