Financial inclusion is basically the ability to offer a various array of financial service...
... middle of paper ...
... mode subject to availability of connectivity,
both PSTN and GPRS. The Bank's agent can also service customers through a mobile phone instead of a POT
thereby allowing flexibility in field operations. Besides having an ATM solution, FINO has also developed a Micro
Deposit Machine (MDM) to allow cash deposits at merchant locations in remote locations. The backend is
integrated with all these delivery media and provides seamless working.
Backend system comprises of the Core Banking System that can support CASA, Loan, RD and OD products. The
solution is light weight and tailor made for the Micro Finance sector as it supports individual and group lending
methodologies. The other main component of the backend system is the Data Warehouse which can consolidate
data from the different systems and also be integrated with other secondary systems running in the bank.
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