“The process of ensuring access to financial services and timely and adequate credit where needed by vulnerable groups such as weaker sections and low income groups at an affordable cost”
– The Committee on Financial Inclusion, 2008 (Dr. C. Rangarajan, Chairman)
Forbes Technosys is committed to developing technology that will enable financial inclusion at an affordable cost. Any financial inclusion solution should include some key elements for it to be viable and effective. Some of these features are as depicted below. Forbes Technosys fully understands the criticality of these elements and thus they have been incorporated in each of our solutions for financial inclusion.
Key requirements :
- Low price products and solutions
- High reliability and robustness
- Compliance to IBA/RBI guidelines
- Compliance to UIDAI
- Low reliance on local infrastructure
- Biometric and other security measures
- Ease of use (Multi lingual work flow etc)