In line with the UNITED NATIONS "Millennium Project" and Government of India's vision of promoting growth and development in the rural areas, the Banks/MFIs/NGOs attend the needs of the under privileged society. Currently 50-80 million people across the world have access to the benefits of microfinance programs. The World Bank estimates that the number could reach more than 500 million people, if the microfinance industry can overcome barriers to growth, especially poor infrastructure, limited access to funding and operational inefficiencies. With the quantum of growth opporuntities promoted, it is expected to make a impact on the Indian economic scene and Coromandel Infotech plunges itself in providing apt technology solution.
Information Technology has played a key role in enabling banking sector's business initiatives & service delivery and brought about a sea-change in its approach & attitude to the challenges. The vast yet unbanked masses of the country spell the increased need for a cost effective and practical Information Technology solution that can support the Banks/MFIs/NGOs for their current business operations in the areas of Financial Inclusion and Microfinance and also to position them for future growth & expansion.
Coromandel Infotech, as a System Integrator, shall provide an end-to-end 'turnkey' solution to the Banks/MFIs/NGOs aiming to service the under-privileged and banking the unbanked. The scope for service from Coromandel Infotech includes architecting, designing, supply, delivery, testing and commissioning of IT hardware, software solutions and services.
Information technology is a strategic tool for implementing the Microfinance solutions as it can:
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Our SMART CONNECT solution is a one-stop solution designed to address the issues of efficiency, scalability and other concerns faced by the banks and MFIs working towards the goal of sustainable development in rural areas, livelihood creation and an overall inclusiveness.
Our Solution offers a perfect IT solution for door-step banking initiated through the process of Financial Inclusion. Smart Connect accelerates the efficiency of the Financial Institutions in catering to the un-banked sector by providing a mobile and secure solution.
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