SINGAPORE – 30 June 2016 – Fern Software, a leading provider of banking software for inclusive financial institutions worldwide, has announced a partnership agreement with Cambodia Microfinance Association (CMA), a non-governmental organisation and professional association of the microfinance sector in Cambodia.
With a vision to create a sustainable financial system for all Cambodian citizens, Cambodia Microfinance Association has been facilitating operations and cooperation between its members and the stakeholders of the rapidly growing Cambodian microfinance industry since their establishment in 2002.
As an official Management Information System Service Provider accredited by Cambodia Microfinance Association, Fern Software will be able to expand its outreach, diversify CMA members’ product offerings and help establish stronger and more sustainable businesses in Cambodia through the use of Fern’s functional and flexible core banking solutions.
“Our partnership with CMA recognises our long history serving the MFIs of Cambodia, and provides the microfinance institutions in the country with the opportunity to take advantage of Fern’s market-leading Abacus solution in order to grow their businesses and provide significant social impact to the unbanked population of Cambodia” said Debbie Watkins, Managing Director, Fern Software APMEA.
“We are very happy that we could collaborate with Fern Software to bring the best core banking system ‘Abacus’ to Cambodia for supporting to the MFIs as its members. We hope that through this software, the financial institutions will be confident that their core banking system will be supported long into the future, and will continue to evolve with changes in technology and advances in ways of doing business because Fern Software has specialised in the provision of banking software since 1979, with customers in more than 25 countries.”
“Based on 37 years’ experience, Fern understands clearly the importance of delivering an effective and efficient solution that has sufficient flexibility and functionality to adapt to a financial institution as it changes over time, and that will support its long-term success.” said Mr. Yun Sovanna, General Secretary, Cambodia Microfinance Association.
This latest partnership with Cambodia Microfinance Association expands Fern Software’s growing network of regional partners in Asia Pacific, Middle East and Africa, and complements its offices in the UK, Canada, Singapore, Australia and India.
About Cambodia Microfinance Association
The Cambodia Microfinance Association (CMA) is an NGO and professional association that aims to ensure the prosperity and sustainability of the microfinance sector in Cambodia. CMA plays a vital role in creating local and international networks as well as seeking equity and loan funds, new technologies and overseeing conflict resolution between microfinance operators.
For more information about CMA, please visit www.cma-network.org
About Fern Software
Fern Software is a leading provider of banking software for inclusive financial institutions (microfinance institutions, credit unions, SME lenders and development banks). With offices and partner organisations spanning the six continents, Fern Software continues to grow in a number of areas, picking up regional and global awards for our financial solutions and outstanding quality of service.
Fern Software is committed to helping our customers build strong and sustainable businesses while supporting the full participation of lower income households in the financial system. Our goal is helping improve operations, and developing new products that meet client needs, while supporting economic development.
For more information and enquiries about Fern Software, please visit www.fernsoftware.com or email firstname.lastname@example.org