An Indian microfinance institution, Manashvi Financiers, has signed a deal with DataSoft Systems Bangladesh Ltd to use a business solution of the latter which is said to enable real-time automation in synchronised workflow management and reduce reporting and resource expenditures.
MicroFin360 makes use of the web, cloud and data dashboards, meeting requirements of any financial institution to drastically reduce overall costs, states DataSoft’s website.
It is being used in 13 countries and in five languages with more than 5,500 branches live. In Bangladesh, 71 percent of Palli Karma-Sahayak Foundation’s partner microfinance institutions are using the solution.
Deependra Singh Shekhawat, CEO of Manashvi Financiers, which is headquartered in Rajasthan, and M Manjur Mahmud, director and COO of DataSoft, inked the agreement at the latter’s corporate head office in Dhaka yesterday.
“This is an amazing opportunity to enter India’s fintech industry with our state-of-the-art microfinance solution and explore our global opportunities,” Mahmud told The Daily Star.