microfinanceRSS

Credo Bank completes Temenos T24 core banking system upgrade

Georgia

Credo Bank, a Georgia-based bank providing sustainable financial services for micro businesses and SMEs, has moved to the latest version of Temenos’ T24 core banking system.

BIM, Peru’s first mobile money wallet: lessons learnt

Mobile banking in Peru

Peruvian mobile wallet BIM, described as “the world’s first fully-interoperable national mobile money platform”, will launch new services in H2 2017. It will enable customers to pay electricity, water and telephone bills, as well as have access to micro savings and loans, and micro-insurance.

Microcred to become fully-fledged bank; Temenos to provide core banking tech

Microcred on major expansion spree; Temenos to provide tech

International microfinance entity Microcred 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 to a single instance of the vendor’s flagship system, T24. It will be operated from Dakar, Senegal. Microcred has recently signed […]

Interview: Rupert Scofield, founder of Finca International

Rupert Scofield, Finca International

Rupert Scofield, president and CEO of microfinance organisation Finca International, discusses how it brings banking to the developing world and why people should follow America’s lead in the art of philanthropy. “This is your world. My generation had its shot. We thought our problems were daunting but it’s nothing like the stuff you’re dealing with. […]

Philippines credit union groups sign for Temenos’ software

Temenos gets new banking and payments software deal in the Philippines

Two Philippines-based credit union networks, National Confederation of Cooperatives (NATCCO) and Philippine Federation of Credit Cooperatives (PFCCO) will build a common banking and payments platform based on Temenos’ software. The new platform will underpin the service known as the ACCU Payment Platform (APP). ACCU stands for “Asian Confederation of Credit Unions” – both NATCCO and […]

Finca and First Access join forces for microfinance fintech

Finca partners with First Access for the world's largest microfinance fintech initiative

Microfinance organisation Finca and credit scoring specialist First Access have unveiled “the world’s largest microfinance fintech collaboration”. The two companies say this partnership “will create the largest and most sophisticated alternative credit-scoring approach by a microfinance institution (MFI) in the world.” It will also vastly improve Finca’s outreach to excluded populations. First Access will analyse existing […]

Finca Bank Georgia in digital banking system revamp

Finca Bank Georgia in concluding stages of system selection – digital revamp on the agenda

Finca Bank Georgia, an affiliate of Finca International, a global microfinance organisation, is looking to modernise its online and mobile banking systems. The bank has recently issued a tender to find a new provider and software. Banking Technology understands that the selection is in its final stages at present, with contract negotiations underway. Once the […]

Kenyan microfinance firm adopts cloud banking technology

Kenya roadsign

Fountain Credit Services, a Kenya-based company specialising in microfinance, has adopted cloud services from banking software firm Temenos, making it the first financial institution in Kenya to adopt cloud technology.

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