more than core banking solution, it's digital banking transformation
3-4 billion of the global populations are either not served or underserved by format finance. However, NBFIs (Non-Bank Financial Institutions) cite higher returns on equity at 3% above the average for the entire industry over the last four years. The past 30 years it has taught us that the poor pay their loans and are good reliable customers when provided with quality banking services and sustainable transaction fees for their customers.
However, NBFis face challenges in servicing this community. These are challenges include: Limited financial means, Cost of outreach, Diversity of business models, Lack of scalability, Administrative challenges, Inefficiency, and Increasing competition.
Inclusive Banking is a version of Temenos' world-leading Core Banking platform with a pre-configured layer of community bank specific - functionality. Leveraging the experience gained from over 200 FIs that it supports today, Inclusive Banking gives FIs powerful capabilities for managing:
Pre-configured reports that support CGAP reporting guidelines
Customer mnemonics, biometric identification (voice recognition, fingerprints)
Advanced group-servicing functionality that supports four types of loan groups, including Solidarity, Formal, Guaranteeing and Nested groups
Tools that guide FIs through a process of setting up products around a set of common values, allowing them to easily combine product features at their will
Functionality supporting the full lending lifecycle from loan applications to rates and charges, rescheduling, cash collection and document management
Inclusive Banking provides configurable micro/community bank-specific user-interfaces, for both end-customers and field-based staff via mobile and internet channels, supporting daily business activities such as remote cheque and deposit capture, and remote balance query.
Inclusive Banking provides powerful business analytics capabilities to perform predictive and prescriptive customer analysis, enabling FIs to be more responsive and customer-centric.
“The company exists to help elevate the social-impact quotient (SIQ) of any business or organization it works with through transformative technology. Our goal is to ensure fairness for the most underserved segments of society by giving them access to the same services and benefits available to the rest of society.”
Traxion CEO / Founder
We enable the enablers.