FINO Announces Partnership With ACCESS Development Services

Financial Information Network and Operations (FINO), the Mumbai-based technology solutions provider, has announced its partnership with ACCESS Development Services in their venture to reach out to several 'unbanked' rural customers.

ACCESS Development Services helps tier two and tier three MFIs towards capacity building and adopting MIS to improve efficiency of their day-to-day operations. The solution deployed by FINO will aid ACCESS Development Services in its endeavour in the MFI (Microfinance Institution) sector. FINO will implement its MIS systems along with its various delivery channels, including mobiles, smart cards, micro-deposit machines (MDMs) and credit bureau services to aid Access' AmFA (ACCESS Microfinance Alliance) partners to scale up their operations to the next level.

With this technology, ACCESS Development Services’ rural customers will now have access to doorstep banking with an array of financial and non-financial services at their disposal. Manish Khera, CEO, FINO, said, "ACCESS Development Services is known for its commitment to the micro finance sector in India. With this association, we see ACCESS Development Services touching the lives of many unbanked customers. This association will provide FINO the opportunity to deliver scalable, low cost solutions to the 'base of the pyramid customers'."

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Vipin Sharma, chief executive officer, ACCESS Development Services, said, "We are extremely delighted to be associated with FINO. The tie-up will help us strengthen our relationship with the ACCESS Microfinance Alliance (AmFA) network MFIs by providing them state-of-the-art technology. This partnership will also help us bridge the demand and supply gap of financial and non-financial services. This initiative will enable us to take financial inclusion to the next level."