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Microfinance infographic

HOW DOES CLOUD TECHNOLOGY ENABLE FINANCIAL INCLUSION? THE TIME FOR MICROFINANCE IS NOW 曲 3 BILLION 10,000 15-20% Unbanked people worldwide Microfinance Institutions worldwide Marked outreach expansion WHILE PROGRESS HAS BEEN MADE, MEANINGFUL SCALE HAS NOT YET BEEN ACHIEVED. of global poor lack access to financial services 92% 5% Only 5% MFIS are running profitably and are able to secure additional funding through investors. 8% of the world's poor now utilize microfinance WHAT IS HOLDING MFIS BACK? HIGH VOLUME Sophisticated banking technology is out of reach, and current vendors are incapable of catering to the changing borrower requirements while providing transparency to regulators. HIGH COST ZI ALTHOUGH GROWING, FEW MFIS ARE INVESTABLE TIER 1(100 MFI ) STRUCTURALLY INVESTABLE In order to be successful, MFis need to: TIER 2 (400 MFI ) • TIER 3 (10,00 MFIS ) run professionally achieve sca le show results The Global Microfinance Market (Source: responsAbility Research) MIC ROFINANCENE EDS AN INFRASTRUC TURE FIX TO BECOME INVESTABLE & DELIVER ... www Access to bank grade back-office technology. The initial cost of investment and subsequent maintenance FREE charged by technology vendors have kept MFIS away from the adoption of technology solutions. Being price sensitive, MFIS are finding cost effective cloud technology as a logical choice for their long term growth strategy. 4. 3. Traditional lenders are slow in responding to the changing needs of the borrowers. Alternative lending models such as microfinance and Islamic banking are finding relevance in developing economies. 2. Sophisticated reports, dashboards and alerts to monitor any regulatory requirement no matter how often they change. Flexibility to effortlessly track all loans to automate collection process. 1 TOOLS CLOUD TECHNOLOGY GIVES YOU THE TOOLS YOU NEED AT A PRICE YOU CAN PAY. PRICE FLEXIBILITY INNOVATION Faster deployment of products and services Focus on the business of financial services, not on running technology COLLABORATION & TRANSPARENCY SCALE & STORAGE Unlimited storage and ability to scale up as required. Real time workflows and approvals, mobile deployment and analytics. SECURITY Secure platform and policies that protect the privacy of customers EFFICIENCY Improved efficiency ratios and operating leverage. CUSTOMER SERVICE COST SAVINGS Easy development and implementation of new products and services. Choose services on pay-per-use basis

Microfinance infographic

shared by nimisja on Aug 18
An infographic that depicts how cloud technology enable financial inclusion.




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