The Africa Financial Grid is specifically designed to help MFIs reduce operating costs, streamline lending processes, and expand into additional finan
Posted On Thursday, March 12, 2009 at at 11:47 PM by UnknownThe Africa Financial Grid is specifically designed to help MFIs reduce operating costs, streamline lending processes, and expand into additional financial services such as micro-insurance, bill pay, credit scoring and history, and international remittances. Its resource-sharing feature will also enable MFIs to collaborate with credit bureaus, international payment networks, and other financial institutions. Eventually, open platform technologies and standards will be adopted wherever possible to offer additional third-party services and capabilities, such as linking mobile payment providers to allow customers to repay loans and conduct money transfers via mobile phones or other devices
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