Trust & Utility

World is digitizing – Seeking Low Friction & immediacy – Customers are seeking “Immediate” Response. Trust is not just earned by keeping their money safe but giving UTILITY – all the “services” to their needs. The future expectation will be that banks should be able to anticipate their customer’s daily

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eSolve Completes R17 T24 upgrade at Slovenia

eSolve with its regional partner Etios has successfully upgraded Leading Banking Software from R12 to R17 for a bank in Slovenia. The upgrade will enhance the technology platform in line with the banks focus to improve customer experience and provide a wider range of product offerings.

testing no longer testing

Testing is No Longer testing!!!

We develop new software,implement packaged solution or develop on top of packaged solution – for a reason. Most of the time – or at least until I started my entrepreneurial journey, I never thought about the value of the code I was writing right now or solution I was implementing.

The MFI organizations’ use different IT systems for tracking client information, managing applications and reporting.

THE USE OF TECHNOLOGY IN MICROFINANCE & HINDERANCE FACED BY MFIs Introduction: “A good information system is a necessary tool for managing a MFI successfully.” The MFI organizations’ use different IT systems for tracking client information, managing applications and reporting. The majority of MFI would like to use more technology

Project Management in Simple Words-Vol-1

What is a project? Project is a collaborative enterprise, involving research or design that is carefully planned to achieve a particular aim. In simple words Project produces unique results: meaning the product or service at the end of the project should be some way different than the existing (can be an invention or

NPA-Non Performing Assets

Non-Performing Assets: Financial institutions classify an asset as a Non-Performing Asset depending on the age of the default under that Asset (generally loan given by the institution). Usually, when an Interest or Principle instalment under a loan remains overdue for a specified period of time the loan is classified as

Fund Transfer Terminology in India

Balancing commercial and social vision: The social value of microfinance has long been taken for granted; the sector’s number one priority has essentially been to scale up. In the mid-1990’s, when attention was driven by growth and sustainability, focus was on the number of clients, profitability, subsidy, dependency, reduction of delinquency, and

Micro Finance-Strengths and Weaknesses

Strengths and Weaknesses of micro finance  Strengths: The biggest strength is bringing financial services to the poorest of the poor people and making it financially sustainable by the economies of scalability. In India the National Bank for Agriculture and Rural Development (NABARD) finances more than 500 banks that lend funds

Micro Finance

Micro Finance-Prime Motto Outreach and sustainability are two critical objectives for microfinance institutions (MFIs). Outreach is also an indicator of the institution’s social mission—to scale up and provide services to as many people as possible. Sustainability, in contrast, requires operating at a level of profitability that allows sustained service delivery

FATCA Compliance in Leading Banking Software

FATCA : Foreign Accounts Tax Compliance Act This is an Act enacted by US Government in March 2010 and it targets Tax non-compliance by US tax payers with foreign accounts. It focuses on reporting by U.S. tax payers about certain foreign financial accounts, off-shore assets and about financial accounts held