Category: Technology

MICROCAPITAL BRIEF: Opportunity International Hires Temenos to Customize its Insight Software to Document Social Impact

Opportunity International, a US-based nonprofit that focuses on microfinance in emerging markets, has recently agreed to license Insight, a business analytics product developed by Temenos, a software company based in Switzerland. The organization will hire Temenos to customize the software to produce reports that measure the social impact of lending on borrowers and their communities. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Opportunity International Hires Temenos to Customize its Insight Software to Document Social Impact Posted in Deals, Technology

MICROFINANCE PAPER WRAP-UP: “Unlocking the Potential: Women and Mobile Financial Services in Emerging Markets;” published by mWomen Global Development Alliance of the Global System for Mobile Communications Association (GSMA), Visa, Bankable Frontier Associates

Published by Global System for Mobile Communications Association’s mWomen Global Development Alliance, Visa and Bankable Frontier Associates; 2013; 40 pages; available at: http://www.gsma.com/mobilefordevelopment/wp-content/uploads/2013/02/GSMA-mWomen-Visa_Unlocking-the-Potential_Feb-2013.pdf

This report analyzes connections between mobile financial services and women’s financial inclusion in the developing world. Continue reading

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MICROCAPITAL BRIEF: Uganda’s Insurance Regulator, Making Finance Work for Africa (MFW4A), Access to Insurance Initiative (A2ii) Seek to Expand Access to Microinsurance, Perhaps Mobile Money

The Insurance Regulatory Authority (IRA), Uganda’s insurance industry regulator, reportedly is partnering with Making Finance Work for Africa (MFW4A), a multilateral platform that aims to coordinate financial sector activities among African governments, and the Access to Insurance Initiative (A2ii), a global program hosted by Germany’s international cooperation agency (Deutsche Gesellschaft für Internationale Zusammenarbeit), to create regulation that make access to microinsurance more efficient, mainly for low-income earners. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Uganda’s Insurance Regulator, Making Finance Work for Africa (MFW4A), Access to Insurance Initiative (A2ii) Seek to Expand Access to Microinsurance, Perhaps Mobile Money Posted in Africa, Microinsurance, Technology

MICROCAPITAL BRIEF: Mobile Banking Technology, ATMs “An Emerging Trend” Among Microfinance Institutions (MFIs) in Cambodia

As competition in the microfinance industry of Cambodia increases, microfinance institutions (MFIs) are investing in technological upgrades to keep up with the market. Continue reading

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MICROCAPITAL BRIEF: Centenary Bank, Opportunity Uganda, PostBank Partner With Uptime Solutions to Rollout Mobile Banking Vans to Rural Areas

Several financial institutions in Uganda including Centenary Bank, a Uganda-based commercial bank specializing in rural finance; Opportunity Uganda, a subsidiary of US-based nonprofit Opportunity International; and PostBank Uganda, a government-owned non-bank credit institution, reportedly have partnered with Uptime Solutions Limited, a Uganda-based for-profit company providing technology solutions for financial services and enterprise development, to deploy mobile banking vans to extend financial services to more residents, mainly in rural trading centers. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Centenary Bank, Opportunity Uganda, PostBank Partner With Uptime Solutions to Rollout Mobile Banking Vans to Rural Areas Posted in Africa, Technology

MICROCAPITAL BRIEF: Development Bank of Jamaica to Launch Mobile Money Pilot Project in Partnership with Transcel, Alaric, National Commercial Bank

The Development Bank of Jamaica (DBJ), a state-owned bank, plans to launch a mobile money pilot project in partnership with unspecified microfinance institutions (MFIs) in April 2013. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Development Bank of Jamaica to Launch Mobile Money Pilot Project in Partnership with Transcel, Alaric, National Commercial Bank Posted in Latin America, Technology

MICROCAPITAL BRIEF: Mongolia’s Khan Bank Launches Drive-through ATMs, Increases Number of Correspondent Banks

Khan Bank, a Mongolian provider of microfinance and other services, recently installed three drive-through automated teller machines in the city of Ulaanbaatar. Continue reading

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MICROCAPITAL BRIEF: MFX Solutions Releases French Version of Comprehensive Asset/Liability Management (CALM) Tool for Microfinance Institutions

MFX Solutions, a US-based company that provides currency hedging solutions for microfinance institutions (MFIs) and microfinance investment vehicles (MIVs), has released a French-language version of its Comprehensive Asset/Liability Management (CALM) Tool. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: MFX Solutions Releases French Version of Comprehensive Asset/Liability Management (CALM) Tool for Microfinance Institutions Posted in Risks, Technology

MICROCAPITAL BRIEF: Aspekt to Provide Microfinance Software to Serbian Microlender MicroFinS-DBS

Aspekt, a Macedonia-based information and communication technology company, has signed a deal to install its microfinance software for MicroFinS-DBS, a limited liability company based in Serbia that provides microloans. Continue reading

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MICROCAPITAL BRIEF: Kenyan Microfinance Institution Musoni Goes Completely Cashless

Musoni Kenya Limited, a microfinance institution based in Nairobi, reportedly will offer solely cashless lending services to its customers in an effort to increase efficiency and address security issues related to in-person transactions. Continue reading

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MICROCAPITAL BRIEF: Runa, Point Nine, Kizoo Place $2m in Equity in Microfinance Software Provider Mambu

Mambu, a provider of web-based microfinance institution management software, reportedly has received equity investments totaling USD 2 million from Russia-based Runa Capital; Germany-based Point Nine Capital; and its initial investor, Germany-based Kizoo Technology. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Runa, Point Nine, Kizoo Place $2m in Equity in Microfinance Software Provider Mambu Posted in Deals, Technology

MICROFINANCE PAPER WRAP-UP: “Microfinance in Myanmar Sector Assessment”; by Eric Duflos, Paul Luchtenburg, Li Ren and Li Yan Chen; published by CGAP (Consultative Group to Assist the Poor), International Finance Corporation

By Eric Duflos, Paul Luchtenburg, Li Ren and Li Yan Chen, published by CGAP (Consultative Group to Assist the Poor) and International Finance Corporation, January 2013, 43 pages, available at:  http://www1.ifc.org/wps/wcm/connect/d87bf8804e5aba9bad7dadfce4951bf6/Microfinance+in+Myanmar+Sector+Assessment-Final.pdf?MOD=AJPERES

This joint CGAP (Consultative Group to Assist the Poor) and International Finance Corporation (IFC) report reviews the current state of Myanmar’s microfinance sector and the challenges involved with its future development. Continue reading

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MICROCAPITAL BRIEF: Indonesia’s Excelcomindo Axiata Launches International Remittance Service

Excelcomindo (XL) Axiata, an Indonesian telecommunications subsidiary of Malaysia-based Axiata Group, reportedly has launched its “XL Tunai International Remittance” service, allowing customers to receive money transfers from 110 countries via text messages, a method known as short messages service (SMS). Continue reading

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MICROCAPITAL BRIEF: Number of Mobile Money Subscribers in Kenya Down 1%, Total Transaction Value Up 7% During Quarter Ending September 2012

The Communications Commission of Kenya (CCK), a state-owned regulatory authority for the communications industry in the country, has released a report showing that the number of mobile money service subscribers dropped by 200,000 to 19.3 million between July and September 2012. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Number of Mobile Money Subscribers in Kenya Down 1%, Total Transaction Value Up 7% During Quarter Ending September 2012 Posted in Africa, Technology

MICROFINANCE EVENT: AITEC Banking & Mobile Money West Africa, March 13-14, 2013, Lagos, Nigeria

Event Name: African Information & Communication Technology Exhibition & Conference (AITEC) Banking & Mobile Money West Africa 2013: Consolidating and Monetizing the Gains of Innovation

Event Date: March 13-14, 2013

Event Location: Lagos, Nigeria Continue reading

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Written by Comments Off on MICROFINANCE EVENT: AITEC Banking & Mobile Money West Africa, March 13-14, 2013, Lagos, Nigeria Posted in Africa, Events, Technology

MICROCAPITAL BRIEF: National Commercial Bank, Development Bank of Jamaica Partner to Allow Microborrowers to Access Loan Funds Via Automated Banking Machines

The National Commercial Bank (NCB), a government-owned bank in Jamaica, reportedly has launched a pilot operation in partnership with the Development Bank of Jamaica (DBJ), which is also owned by the Jamaican government, in preparation to allow for the disbursal of funds to clients of microfinance institutions (MFIs) through automated banking machines (ABMs). Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: National Commercial Bank, Development Bank of Jamaica Partner to Allow Microborrowers to Access Loan Funds Via Automated Banking Machines Posted in Regulation, Technology, Trends/Challenges