A Cloud-Based Core Banking Solution for Credit Unions, Microfinance Institutions, SACCOs, and Small and Growing Co-operative Societies.

Developed on an open-source platform, it is a complete Core Banking solution with the lowest TCO compared to SACCOs.

  • MicroFinS is a cloud-based application that can be hosted on different models, i.e., IaaS (Infrastructure as a Service) and SaaS (Software as a Service), which reduces initial investment.
  • MicroFinS is a Core Banking Solution that can facilitate anywhere banking across all branches of SACCOs, branch-wise, as well as consolidated reporting at the head office.
  • MicroFinS is an ideal solution for small and growing SACCOs using decentralized branch banking software.

Solutions Offered


Accounts

Saving Accounts, Current Accounts, Loan Accounts, and Deposit Accounts.

Deposits

Fixed Deposit, Loan Loss Provisions, Cashier and Teller Clearing, Recurring Deposit, Daily Deposit, and Agent Commission.

Business Intelligence

Business intelligence reports are available in a graphical format for quicker decision-making.

Loans

Term Loans, Cash Credit Limits, Overdrafts, Gold Loans, and many more configurable loan products.

Key Features

The different features of MicroFinS are:

SMS banking is available.

Provides the convenience of SMS banking.

Latest Updates

Updates with the latest regulatory amendments.

Data Security

Complete data security.

Consolidated Reports

Offers consolidated reports for all branches, accessible at the head office.

Anywhere Banking

Anywhere, transactions are possible.

SMS Alerts

Immediate SMS alert about high-value transactions.

Various Banking Channels

Net banking, SMS banking, ATM, RTGS, NEFT, cheques, and bill payments.

Complete package on the rental model

Provides a complete package on a rental basis, including software, connectivity, and a data center.

Innovative Solution

Delivers innovative solutions for modern banking needs.

Open Source Development Platform

Developed with open-source platforms, i.e. PHP and MySQL, running on the Ubuntu Linux OS.

Supports Open Office

Compatible with Open Office.

No Legacy Software License Costs

Eliminates costs associated with legacy software licenses.

Optimum Expenses on Connectivity and Data Centers

Connectivity and expenses in the data center are optimal compared to other software. Start using MicroFinS with zero CAPEX investment.

Complete the package on an OPEX basis

A complete package, including software, connectivity, a data center, etc., is available on an OPEX basis.

Value Delivered

 

Browser-Based Software

Access the software through any web browser.

Complete Banking Automation

Complete banking automation solution.

Service from an Authorized Local Partner

Receive service and support from an authorized local partner.

Consolidated Reporting

Branch-wise as well as consolidated reporting at the head office.

IAAS and SaaS Models

Off-the-shelf applications can be hosted on IaaS (Infrastructure as a Service) and SaaS (Software as a Service) models.

Multiple Infrastructural Choice Selection

Choice of Multiple Server OS, Desktop OS, Databases, and Runs on Multiple Devices, viz., Desktop, Tablet, and Smartphone.

Anywhere Banking facilitates

Anywhere, banking across all branches.

Online Training and Support

Online training and support are available.

Economical Solution

Economic and cost-effective solution.

Graphical Dashboard

Graphical Reports Dashboard.

Multilingual Solution

Supports localization with a multilingual interface.

Open Source

Developed on an open-source platform.