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MicroBanx is an Internet Business Service Provider (iBSP)
focused on revolutionizing the operating efficiency of tens of
thousands of small and micro finance institutions worldwide by
solving their acute problem of inefficient workflow and business
processing. We combine the adaptiveness of a superbly architected,
award-winning bank management system with the scale economies of
modern computing and network infrastructure to generate powerful,
robust, subscription-based information processing solutions.
We solve a widespread
need for better and more accessible information systems in a vast,
growing market. Worldwide estimates range from 7,000 to 10,000
micro lenders to well over 100,000 microfinance institutions, small
banks and cooperatives (collectively, MFIs). A deficiency in MFI
loan service systems, rather than lack of funding, currently leaves
what the World Bank describes as hundreds of millions of
creditworthy, would-be entrepreneurial families without access to
affordable credit. While MFIs have proven to be socially effective,
sustainable and even profitable, their current systems simply do
not and cannot cope with the unmet demand; they are costly,
difficult to maintain, don't scale or adapt to new requirements,
and don't provide adequate portfolio and management
information. MicroBanx technology integrates powerful banking software,
information content and support services with modern computing
infrastructure, allowing MFIs to use world-class technology on an
incremental subscription basis. This reduces transaction costs,
improves productivity and helps make microfinance more effective
and profitable. We estimate that the MicroBanx iBSP approach
preserves our customers' capital while providing significantly
better service at much less technology risk than a system installed
in-house. |
