How we can help?
Financial Institutions are at the forefront of financial inclusion in emerging markets. At MFX, we can help you expand your reach, launch new products and help you to achieve operational efficiencies.
Agency Banking
Agents are the cornerstone of expanding financial inclusion in emerging markets. They allow bank customers to deposit or withdraw from their account, often at a small kiosk or local store, without the need to physically visit a bank branch. For banks, setting up an agent network can present considerable challenges and impact on Capex and Opex. At MFX, we have hardened business processes and toolkits that allow banks to identify, recruit, train, brand and manage agents. We can provide ‘out of the box’ measures and support to help ensure profitability for all parties, controlled growth of the agent network and retention of successful agents.
Interoperability
In emerging markets, there has been a rapid take-up of interoperability driven by commercial imperatives and regulatory changes. In many markets, banks are required to interoperate with other banks and e-money issuers through national switches. At MFX, we have been at the forefront of the move towards interoperability and can help financial institutions validate scheme rules, implement operational processes and implement technical interoperability across a range of protocols including ISO20022 and ISO8583.
Technology
At MFX, we can help you to transform your technology stack to enable accelerated go to market strategies and drive operational efficiencies. We have strong experience with implementation of Core Banking, Switch and API/Middleware solutions both on-premises and cloud based. Our consultants have a wide range of exposure to key platforms including BPC, ACI/Postilion and OpenWay.