Fern Software

Total Banking Solutions

Software for responsible lending

Microfinance veterans face up to new technologies and new competition

The emergence of new technologies and the entry of new players in the industry, such as China’s Alibaba and Kiva, is rapidly transforming the landscape of microfinance.

Microfinance veterans face up to new technologies and new competition
The presence of new challenges may pose threats to traditional microfinance companies, but they also represent new opportunities to reach the under-served population – the changing market is effectively forcing microfinance companies to re-examine their business model.

Rupert Scofield, CEO of Finca, shares his thoughts on the current landscape of the industry, the challenges posed by the new wave of microfinance companies and how Finca has embraced new technologies to stay relevant. 

Read the full article written by Clar Ni Chonghaile published on Guardian News here.

View the full list of Fern Software Blog posts here.

Filed Under: Blog Tagged With: Financial Inclusion, Finca, Microfinance, Technology, Underserved

About

Fern Software's blog aims to provide articles, expert opinions and case studies that will help inclusive financial institutions respond to a rapidly-changing marketplace, based around what we see as the main “pillars of successful inclusive business”: customer-centric product design; strategic direction; sustainability through technology; effective financial management; social impact; and compliance.

Subscribe

Sign up to receive our blog postings, with links to useful white papers and other materials, directly to your inbox. We will never share your details with anyone else and you can unsubscribe at any time.

No SPAM!

© Copyright 2019 Fern Software Pte Ltd, All Rights Reserved | SiteMap

WordPress Download Manager

WordPress Download Manager - Best Download Management Plugin