Today Nelito Systems Ltd announced that it has signed an agreement with Alliance for Microfinance in Myanmar, a leading Microfinance Institution in Myanmar for Nelito's FinCraftTM Core Banking Solution (CBS), FinCraftTM Mobile Loan Origination and FinCraftTM Mobile Banking Solution.
Kim Guenkel, Chief Executive Officer, Alliance for Microfinance in Myanmar, said, "We are pleased to partner with Nelito Systems as our technology partner to implement FinCraftTM Core Banking and Digital solutions. We are confident that Nelito's core banking solution will support our rapid growth plans and enable us to take advantage of the emerging Digital Finance landscape in Myanmar; this will ultimately benefit our clients who will be able to enjoy better and faster service at lower transaction costs".
Punit Jain, Chief Executive Officer, Nelito Systems Ltd, said, "Nelito's Core Banking System and Integrated Lending Management System enables digital transformation of microfinance organisations, by improving their customer experience and making their operations agile. It also makes their field force more productive by mobile-enabling them. Nelito is happy to partner with Alliance Microfinance in Myanmar, to take their operations to the next level of agility, and help them in reaching more customers and offering them better service."
Ashish Varun, Head-International Sales & Marketing, Nelito Systems Ltd, said, "Our new engagement with Alliance further demonstrates our position as the trusted solution provider with the ability to deliver unparalleled business and operational benefits. This is the second win for Nelito in the South East Asian Microfinance market within last six months. We are extremely pleased to be partnering and working with Alliance which is a world-class organization."
Alliance was founded in 2014 in Mandalay and has emerged as a leading MFI in the newly developing microfinance sector of Myanmar, serving over 150,000 farmers, micro- and small businesses in Central Myanmar. Alliance is double bottom-line institution and endorses the Smart Campaign for client protection as well as the Universal Standards for Social Performance Management (USSPM) as outlined by the Social Performance Task Force.
Nelito Systems Ltd. is engaged in the business of providing software solutions and services for Banking, Financial Services and Government sectors, primarily in India and South Asian countries. Nelito offers FinCraftTM suite of solutions like Core Banking, Integrated Lending Management Solution, Enterprise Reporting, Data Warehousing and Mobility Solutions. Formed in 1995, Nelito has served more than 400 Banks and Financial Services organisations across 20 countries.