“Microcredit, Microfinance, Nidhi Company & NBFC are banking the unbankables, bringing credit, savings and other essential financial services within the reach of millions of people who are too poor to be served by regular banks, in most cases because they are unable to offer sufficient collateral. In general, banks are for people with money, not for people without.” Microcredit belongs to the group of financial service innovations under the term of microfinance, other services according to microfinance is microsavings, microloans, micro vehicle finance and small housing loan.
Trend Signals for Micro-Finance, Nidhi Company & NBFC
4 Keys for success in the Micro-Finance, Nidhi & NBFC sector to win and retain customers.
Successfully implemented
Nidhi Company & Micro-Finance projects
With new business designs, the Nidhi Company & Micro-Finance bring fresh impetus to the financial services sector and compete strongly with traditional banks. But these sectors also need expertise, know-how and digital solutions to position themselves in the marketplace. See for yourself which Nadhi companies & Micro-Finance are already active in the market today with solutions from Ocean Software Technologies.
Project
NANDED URBAN MULTIPLE NIDHI LTD. NANDED
Nanded Urban Multiple Nidhi Ltd. offers an online marketplace for Indian fixed deposit accounts under the brand Nidhi and provides Indian savers with free access to Indian fixed deposit offers. In collaboration with selected partner banks Nanded Urban Multiple Nidhi Ltd. offers attractive fixed deposit deals with very good interest rates. Nanded Urban Multiple Nidhi Ltd. is, however, not in itself a bank – which is why Nanded Urban Multiple Nidhi Ltd. works with other Bank from Nanded am Main, which provides the Nidhi customer accounts – the so called Fix accounts – and offers an extensive deposit guarantee.
Challenge/Solution
Challenge
The integration of all partner products from European banks and secure customer relations were challenges of this project. The project also had to be implemented in a short time period.
Solution
The Digital Banking solution with selected online banking standard modules. Sophisticated customer relations for exchanging documents and information. OCEAN provides the solution combined with in-house development.
Benefit
- Fast, simple and cost-effective customer-online collaboration
- Integrated standard processes and features facilitate a short time-to-market
- More efficient and flexible data and information exchange with various different banks
Project
Sanjana Urban Multiple Nidhi Ltd. Beed
Sanjana Urban Multiple Nidhi Ltd. Beed is the Nidhi Company with its own Deposit & Loan Plans For there member. The Ocean Software Technologies manages their account from last four years to improve their business all over the india. The contributions help Depositer to optimise their finances through the wide range of linked services. It meets the same high security requirements as for online banking.
Challenge/Solution
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Benefit
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Projects completed
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Projects completed
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Projects completed
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Check Price Plan of I-Bank 4.0 Core Banking System (CBS)
Trending new technologies for Nidhi Company and Micro-Finance
Transaction Banking
Mobile Banking
