MicrofinanceRSS

Utkarsh Small Finance Bank goes live with Intellect’s core banking system

India

Utkarsh Small Finance Bank, a microfinance institution in India, has rolled out Intellect Design Arena’s core banking system. The bank received its licence last year, and according to Intellect, one of the key requirements for Utkarsh was to have a joint liability group solution that would enable it to provide group loans to the microfinance […]

Kenya leads Africa in financial inclusion innovation

De-risking in Africa

Kenya is leading the way when it comes to digital innovation for financial inclusion in Africa, according to research by the Consultative Group to Assist the Poor (CGAP). Earlier this year, CGAP says it invited firms and organisations to submit proposals for digital innovations they believe have the most potential to advance financial inclusion in […]

Atlas Finance signs for Nucleus Software’s lendtech

New lendtech deal for Nucleus Software in South Africa

Atlas Finance, a microfinance lender in South Africa, has signed for Nucleus Lending Analytics from India-based lendtech vendor Nucleus Software.

New core banking system for Nigeria’s microfinance banks

Nigeria

Inlaks, a banking software provider in Nigeria and West Africa, has built a core banking solution together with the Central Bank of Nigeria (CBN) for the country’s microfinance sector.

Ruby Hill Microfinance opts for Abacus core banking system

New MFI set up in Myanmar

A new microfinance entity in Myanmar, Ruby Hill Microfinance, has signed for the Abacus core banking system, provided by Fern Software.

Microcred looks ahead with BankBI business intelligence software

Microcred on major expansion spree; Temenos to provide tech

Microfinance entity Microcred has chosen BankBI’s business intelligence software applications as part of its move into retail banking. As reported last year, Microcred said it plans to become a fully-fledged retail bank and grow its presence from nine to 17 countries by 2020. It has opted to keep its long-standing technology provider, Temenos, and upgrade […]

Innotribe unveils ten start-ups for Africa challenge

Innotribe

Innotribe, Swift’s innovation arm, has named the ten firms who will compete in its Start-up Challenge Africa. The start-ups will pitch their products in Abidjan, Ivory Coast, on 17 May 2017 during Swift’s African Regional Conference. Innotribe evaluated close to 100 applications received for the third edition of the Startup Challenge in Africa. The applications […]

Singapore regulator and UN team up for ASEAN financial inclusion

Monetary Authority of Singapore

The Monetary Authority of Singapore (MAS) and the United Nations Capital Development Fund (UNCDF) have teamed up to improve access to digital financial services in the ASEAN region. The partnership is under the ongoing UNCDF’s Shift (Shaping Inclusive Finance Transformations) programme for development in this part of the world. Sopnendu Mohanty, chief fintech officer, MAS, […]

Khushhali Microfinance Bank in tech revamp with Temenos and NDC

New core banking system on the way

Pakistan-based Khushhali Microfinance Bank is to overhaul its technology with Temenos. The project will be delivered by National Data Consultants (NDC), Temenos’ partner and integrator in the region.

New loan origination system for Mobilink Microfinance Bank

New customer for banking tech vendor Path Solutions in Pakistan

Pakistan-based Mobilink Microfinance Bank (MMBL, formerly Waseela Microfinance Bank) is implementing a new loan origination system, supplied by Path Solutions.

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