Agile FT Adds Microfinance Capabilities To Product Stack

Agile FT will offer Agilis UMF as both a software platform and as an outsourced service to Micro Finance Institutions (MFIs) in emerging markets.

hidden June 10, 2009 15:14:21 IST
Agile FT Adds Microfinance Capabilities To Product Stack

Agile Financial Technologies (Agile FT), a provider of software and services to the BFSI sector, has announced the signing of an agreement with India-based Theme Technologies that would enable Agile FT to acquire Theme’s Microfinance, Microcredit and Credit Management product stack, in an earn-out mechanism over three years. The products are compliant with CGAP standards.

The products will be re-branded and launched as Agilis Universal Microfinance and will enable Agile FT to offer Agilis UMF as both a software platform and as an outsourced service to Micro Finance Institutions (MFIs) in emerging markets.

Agilis UMF will enable MF institutions to rapidly reach the under-banked rural populace using mobile and smart card technology. Agilis UMFS includes a comprehensive loan and savings product definition engine, channel interfaces, data repository enabling centralised data processing and management of remotely captured transactions in the field. It also features an integrated micro-credit scoring and rating engine based on socio-economic factors.

Kanthimathinathan, MD and CEO of Theme Technologies said, "This relationship is based on the synergy between the two enterprises. Agile FT will leverage Theme’s product and domain skills and delivery management in their initiative to reach the market."

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