Financial Information Network & Operations Ltd(FINO). is an Application Service Provider (ASP). Using cutting edge technologies like Smart cards, Biometrics and a basket of support services,FINO enables Financial Institutions on projects for Financial Inclusion
For example, FINO supports sector initiatives such as General Credit cards (GCC) and Kisan credit cards (KCC) aimed at enabling the rural and remotest un-banked parts of the country to enjoy the benefits of formal financial products and services.
FINO announced its partnership with ACCESS Development Services, which helps tier two and tier three MFIs towards capacity building and adopting MIS management information systems to improve efficiency of their day-to-day operations.
This looks to be a welcome partnership which will enable the distribution channels of MFIs with state of the art technology
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3 comments:
Rural Banking is not simply a scaled down version of urban banking. It should be a powerful ‘business enabler’ to plug the gaps in information, communication, & transportation infrastructure.
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Looking to expand its reach among the rural population, the mutual fund industry may get readymade access to millions of rural consumers bought into the formal banking system.
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Surprising! I just wrote a blog about A Little World and ZERO Mass Foundation which are doing similar work.
Take care
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