Punit Jain, CEO, Nelito Systems Ltd

Nelito Systems has announced an agreement with Myanmar’s microfinance institution, Alliance for Microfinance, with an aim to implement Nelito’s core banking solutions and enable digital transformation for the microfinance organization.

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”.

According to the supplier, Alliance for Microfinance will implement Nelito’s FinCraft Core Banking Solution (CBS), FinCraft Mobile Loan Origination and FinCraft Mobile Banking Solution. Nelito primarily serves the Indian and South Asian countries with solutions including Core Banking, Integrated Lending Management Solution, Enterprise Reporting, Data Warehousing and Mobility Solutions.

Punit Jain, Chief Executive Officer, Nelito Systems Ltd, said, “Nelito’s Core Banking System and Integrated Lending Management System enables the 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.”

Established in 2014 in Mandalay, Alliance for Microfinance serves around 150,000 farmers, micro and small businesses in Myanmar.

by Megha Bhattacharya
Market Analyst at IBS Intelligence