FINO Bags Manthan Award For e-Inclusion

Financial Inclusion Network & Operations bagged the Manthan Award South Asia 2010 for e-Inclusion. The award recognises the efforts of FINO in driving Financial Inclusion at the bottom of the pyramid by developing and deploying Technology Solutions.

FINO has an in-house Technology R&D team and a Centralised Processing Centre, which is ISO 27001, certified and has a robust contingency management procedure. FINO’s Technology Solution for Financial Inclusion is a complete end-to-end suite of products that enable institutions to take their financial products and services to the doorstep of millions of unbanked individuals residing in both urban and rural areas of the country.

“FINO’s mission is to serve the underserved through the FINO business model that relies heavily on its technology platform. It is a matter of pride and honour for us to have received this award which recognises our untiring efforts to support the governments drive to take banking and other financial services to the vast unbanked and under-banked population in India. Our experience has been that technology can be harnessed to overcome minor to major challenges and ensure scalability and sustainability,” said Manish Khera, CEO, FINO.

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The FINO technology platform includes SMART CARDS, PoT (Point of Transaction) Devices, SWITCH, CBS and MIS. The platform’s simplicity and robustness comes from an amalgamation of its 3 integrated pillars viz., Core System (channels interface, products engine and data repository), Distribution System (enrollment stations, smart cards and hand-held, field transaction devices) and Information System (MIS and credit bureau).