The world’s 500 million unbanked households are often in remote environments with severely limited bandwidths. For Microfinance Institutions, reaching them is a challenging mission.

Driven to bring financial services to those who need it most, SourceTrace offers robust, proven remote financial transaction software that utilizes mobile phones, point of sale devices and other wireless handset over existing networks. SourceTrace has partnered with financial services organizations throughout Central America, Asia and Africa to help MFIs serve vast new markets — without the expense of opening new offices or keeping a large staff in the field.

 

• Compliance with the full range of security protocols for middleware and wireless transactions; high fault tolerance
• Works with any core banking system, or available as a managed, hosted ASP solution
• Scalable, with central dashboard administration of remote wireless devices
• Robust architecture, optimized for low-bandwidth environments
• Low IT overhead
• Device agnostic middleware can be customized to any financial services offerings
• Back-end agnostic, device agnostic MFI solution with agent and group-lending modules
• Cashless banking system leveraging mobile phones and biometric smart cards

 

• Secure transactions even across low-bandwidth networks
• Ease of use, visibility of data, simplicity of rollout
• Scales rapidly with control of 3rd-party agent/business correspondent access
• Third-party agent model and global field support to access distant rural markets
• Low cost, out of the box solution for MFIs, easily customizable for any market or business process
• Flexibility to run with any handheld devices
• Flexible middleware runs between any handheld devices and any MIS/core banking system.
• Remote access model reaches the unbanked when MFI agents can’t

 

• Global — MFI service provider on four continents
• Experienced — Over ten years working with the unbanked in emerging markets
• Integrated — Partnerships with major IT service providers
• Interoperable — Proven integration with back end systems and wireless networks throughout the world

SourceTrace ESE™ for Microfinance Agent Module provides a high level of data visibility to MFI agents working in the field. While highly secure, the Agent Module also puts the full range of customer financial data at an MFI officer’s fingertips.

SourceTrace ESE™ Group Lending Module is built around a 3rd-party administered, group lending model that gives MFIs flexibility in servicing remote field locations. Local merchants and other 3rd-party “virtual agents” can collect and disburse loans among group lending arrangements, while the MFI has full, remote administration and access control of Point of Sale devices and other handsets used by 3rd parties.

Both modules enable Microfinance organizations to offer new programs to rural customers, as well as update current services on the fly.

SourceTrace Systems ESE™ for Microfinance creates virtual MFI offices from off-the-shelf wireless handsets — point of sale (POS) devices with smart cards, PDAs, mobile phones — giving rural customers direct, secure access to their accounts and empowering community merchants to serve as MFI agents. Leveraging any existing wireless network, SourceTrace enables MFIs to reach new markets and new regions almost overnight — at incremental cost.

Our ESE for Microfinance modules are turnkey, cashless banking solutions for rural communities. Existing local merchants with POS devices or other thin clients, act as bank agents for customers with smart cards and integrated biometric readers to guarantee security. The ESE for Microfinance modules has become a proven solution for remote community lending, as well.

Using the fully managed, ASP SourceTrace Core Banking System or integrating with an MFI’s back-end system, the ESE Enterprise Server connects to an unlimited number of remote handsets across many regions with accurate, visible, real-time data that MFIs require to make best use their financial resources.

Learn more about the eServices Everywhere™ (ESE™) Platform

See specialized ESE™ modules for Microfinance: