FINO picks up FLEXCUBE

MUMBAI, INDIA: i-flex solutions today said that Financial Information Network & Operations (FINO) is using its core banking product, FLEXCUBE to help microfinance institutions address the challenges they face in processing large volumes of low-value transactions.

In India, FINO’s pay per use model allows microfinance institutions to use its sophisticated back office infrastructure to reduce transaction costs, scale their operations quickly and extend their reach.

“With FLEXCUBE, FINO can provide microfinance institutions a range of services and products that can easily be customized to meet special requirements.

In addition, FLEXCUBE’s capability to handle millions of small-value transactions means we will be able to grow with microfinance institutions as they expand the scale of their operations,” said Manish Khera, CEO, FINO.

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