Grameen Foundation, SunGard Together Support Microfinance

SunGard has established a team of technology and consulting professionals from its Global Services business to provide strategic support to Grameen Foundation’s Mifos team and its customers. Mifos is an open source technology platform for accelerating microfinance.

SunGard has been instrumental in benchmarking and scaling the capacity of Mifos to help enable microfinance institutions (MFIs) to serve millions of clients. Through this collaboration, SunGard and Grameen Foundation will also help improve the understanding of technology-enabled microfinance and its impact on accelerating development and alleviating poverty in the world’s poorest regions.

“SunGard is pleased to assist Grameen Foundation in its mission to accelerate technology advancement in microfinance in order to bring financial services to more of the world’s poor,” said Mack Gill, President, SunGard Global Services. “The commitment of SunGard and our employees to make a positive social impact combined with our deep expertise in financial technology and our global reach position us well to complement Grameen Foundation’s technology initiatives.”

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“We set out to use open technology as an enabler to satisfy the enormous demand for microfinance,” said George Conard, Executive Director, Grameen Foundation’s Technology - Microfinance Initiative.
“SunGard’s support, know-how and leadership can help Mifos more effectively scale and penetrate the market.”