TATA Consultancy Services Financial Solutions (TCSFS) is a global and innovative company with a strategic focus on the present and future requirements of financial institutions. TCSFS goal is to enable their clients to meet the business challenges of modern-day banking and to achieve and sustain a competitive edge. TATA Consultancy Services acquired the former TKS Group.
The axiom "give a man a fish, feed him for a day; teach a man to fish, feed him for a lifetime" is widely accepted among the international development community, and for good reason. But taken on its own, this axiom leaves out very important principles.
Part of the Greece-based group Intracom Holdings established in 1977, INTRACOM IT SERVICES is a provider and systems integrator of technology solutions for banking and financial institutions, covering core banking, treasury, risk management, Phone/Internet/WAP Banking, Call centers, etc. INTRACOM IT SERVICES is an IT services provider in the Greek market and an IT solutions integrator in S.E. Europe and the M. East.
The second day of ‘Microfinance Cracking the Capital Market’ Conference began with an insightful perspective on future Institutional Investments in the Indian microfinance space. Victoria White, Vice-President and Director, India, ACCION and Alok Prasad, Country Manager-Microfinance, Citi India welcomed the audience with a brief remark on the need and future prospect of institutional investments which the industry requires.
SAP is headquartered in Germany and is a world-leading provider of business software solutions. SAP solutions are designed to meet the demands of companies of all sizes -- from small and midsize businesses to global enterprises. 
Microfinance is going mainstream as international investors look to boost the value and the reach of small microlending institutions. As a result, the industry is likely to attract mainstream scrutiny from the press.
SAB is a French vendor of core banking solutions with an international presence, mainly in francophile institutions across Europe, Africa, Middle East and the Pacific. Established in 1989, SAB is an independent group that publishes an integrated software package for banking and financial institutions: the SAB solution for front to back office banking operations.
With hundreds of fledgling entrepreneurs ready to change the world and maybe make millions while they do it, the buzz around the microfinance industry looks a bit like the dot-com boom at the end of the ’90s.
With only five years left until the target date for the Millennium Development Goals (MDGs), the United Nations has launched the MDG Report 2010 calling for accelerated progress to reach the 2015 deadline. As the UN Specialized Agency for Tourism, UNWTO is firmly committed to fostering the tourism sector’s contribution to development.
The Ghana Islamic Microfinance www.ghanaislamicmicrofinance an upcoming microfinance institution that seeks to offer ethical micro financing in Ghana, campaign against predatory loans and offer interest free loans for both the Muslim and Non-Muslim community in Ghana have learnt with shock the passing away of Ibrahim Shaributu the brother of the National Chief Imam Sheik Nuhu Shaributu.
Non-profit industry leaders, telephone carriers and technologists are joining the Innovative Giving Conference entitled ‘Mobile Giving and Communication Demystified’ held September 27th – 28th in Malibu
Small businesses are turning to nontraditional lenders as banks reject many loan applications following the credit crunch.
MobileCause provides simple and powuerful ways to connect with your donors in the most personal way possible - their mobile device. As the leading web service for cause-related mobile communication and fundraising technology, the MobileCause complete mobile donor plan enables your cause to join this exciting new movement in a few easy steps. Let MobileCause mobilize your cause!
With global markets still recovering from the 2008 financial crisis and the reputation of many traditional financial instruments tarnished, investments in microfinance institutions (MFIs) have emerged as a promising option. The basic business model of microfinance focuses on creating sustainable long-term economic value for all stakeholders. Leading MFIs are characterized by high portfolio quality and strong profitability and operate in a market with many still-to-be-realized opportunities.
Nigerian micro-finance banks can now get as much as N1 billion loan to finance small scale businesses in the country through a new partnership between the Suisse Bank Plc of London,Smart Links Limited of Dubai and the African Capital and Business Support Limited.
The loan being offered by the partnership is interest free for the first one year and subject to repayment in four years thereafter,the Vice Chairman of ACBS,Benjamin Aduli said yesterday in Abuja.
What's the impact of microfinance? A question with 150 million answers, one for every client around the world who receives microfinance services.
World leaders put the finishing touches on plans to build a more stable global economy on Sunday but backed away from one-size-fits-all pledges as two years of crisis give way to an uneven recovery.
With our focus so firmly fixed on the tension between the U.S. accent on stimulus and the deficit preoccupations of Canada and Europe, the question of China’s place in the G20 has been pushed a bit to the side of this weekend’s summit.
The G-20 is the premier forum for our international economic development that promotes open and constructive discussion between industrial and emerging-market countries on key issues related to global economic stability. By contributing to the strengthening of the international financial architecture and providing opportunities for dialogue on national policies, international co-operation, and international financial institutions, the G-20 helps to support growth and development across the globe.
Asian currencies dropped this week, led by South Korea’s won, as concern Europe’s debt crisis will worsen outweighed the benefits to the region of China’s decision to end the yuan’s two-year peg.
Rwanda's leasing industry is expected to grow from $30 million (Rwf17.5 billion) in 2010 to $60 million (Rwf35.1 billion) next year, the President of Rwanda Leasing Association, Sanjeev Anand said during the closing ceremony of the IFC Rwanda Leasing programme.
As world leaders gather for the G8 summit in Canada, Machrine Birungi visits Francis Kamara at his farm in Uganda to see if the promises made at Gleneagles in 2005 have benefitted him and his country.
The Senate has confirmed the appointment of former CGAP CEO Elizabeth Littlefield to head the Overseas Private Investment Corporation (OPIC).
Private equity investments have put a premium on the valuation of microfinance companies when maybe they should be giving them a discount. By Eric Bellman
As Dr. Evil learned in the Austin Powers movies, $1 billion isn't quite what it used to be. The upcoming G8 and G-20 summits in Toronto are expected to top $1 billion in costs. At such a large price tag, it's reasonable to ask if the meetings are worth it. But former top White House aides say that even with the hefty price, the meetings more than pay for themselves in both tangible and intangible ways.
Motivations and initiatives should not be judged on how much or how little they can do. These remain the single most visible sign of a society that is alive.
The micro-finance sector in Ghana and Nigeria has received a boost through a 40 million Euro fund, which was launched by Goodwell Investments of The Netherlands, Alitheia Capital of Nigeria and JCS Investments from Ghana.
Technology-leading African microfinance institution continues its commitment to innovation and delivery of enhanced banking solutions with field-based account origination solution. In keeping with emerging trends in microfinance banking, Women’s World Banking Ghana (WWBG) continues its commitment to innovation with the deployment of a digital writing solution from ExpeData .
Morgan Stanley on June 16 announced microfinance organization Pro Mujer as the winner of the second annual Morgan Stanley Social Enterprise Strategy Challenge. This initiative features teams of Morgan Stanley employees providing pro-bono strategic advice to non-profits and competing for the honor of the best pro-bono advisor. The team developing business strategy recommendations for Pro Mujer was selected as the winner for providing the highest-impact analysis and advice.
Helping women from poor households to establish small businesses is the daily work of the Timorese microfinance institution Tuba Rai Metin (TRM). Their belief is that the prosperity of Timor-Leste has to be built upon the prosperity of the most important structure in society, the family unit.
The global micro finance body set up by World Bank has elected India's Vijay Mahajan as Chairman of its Executive Committee.
As part of efforts to bridge the gap between the banked and the unbanked population of Nigeria, eTranzact in conjunction with International Finance Corporation (IFC), a member of the World Bank Group, have embarked on a pilot project for the rural areas in Nigeria called Rural Telephony Project (RTP) MobileMoney.
The Green Plus Sustainable Enterprise Awards were created to help smaller enterprises learn the best practices of triple bottom line sustainability – strong financial, environmental, and community performance – from one another.
Microfinance — making tiny loans to poor people or groups of poor people — has soared in India in the past few years. Before long, it could reach more people in India than the regular banking system.
This is an extraordinary story of women's empowerment in rural India. Women in Satara district in Maharashtra run a bank and a B-school successfully.
Sunny Mahant had been working as a product marketing manager for nine years at Cisco when he experienced an epiphany on a trip to India.
On that trip, Mahant and his wife, photographer Geidre Nakutyte, witnessed firsthand the brutish conditions under which very young children work in India, and the extreme poverty suffered by their families. He came home determined to make a difference in the lives of young Indians.
Offbeat financal avenues find buyers slowly but steadily. With the global meltdown behind, European debt crisis ahead, global economists are busy pondering new sectors like microfinance, carbon finance, water credit and so on to find hope for market expansion.
A 29-year-old lawyer is kicking off a new microfinance organization Tuesday that will help others as she herself was helped.
Barclays and international development organisations CARE International (CARE) and Plan have launched Banking on Change in Ghana, a unique and pioneering microfinance initiative aimed at reaching half a million people in ten countries across the world and sixty three thousand people in Ghana.
Grassroots people identify easily with developmental banking, which is the reason they set money aside daily (Esusu) that would be used to grow their business as well as finance their families. So, it becomes a plus for them to have a private institution that provides funding for their business as well as refinance it in case there is misfortune that could prevent them from repaying their loans.
Ghana is on test as it prepares for oil production. But oil endowment itself is not a doom. How it is managed could make it a boom or a doom.
While it requires a lot of sacrifice and patience to make the boom work for the economy, the country cannot equally ignore the higher price to pay if the oil resources are not managed well.
As applicants await approval to operate mobile payment in Nigeria, stakeholders complain that the issue of low awareness must be addressed to ensure success
Business confidence fell unexpectedly in the second quarter of this year, led by a plunge in retail trade and the vehicle industry and suggesting that economic growth has slowed, a leading survey showed yesterday.
Lack of sufficient capital to support Small Medium Enterprise (SMEs) is said be responsible for the failure of microfinance banks in the country, just as the management of TechnoGlass Industries Limited(TGI) lamented the huge monthly electricity bill paid to Power Holding Company of Nigeria (PHCN) without getting the desired services from PHCN.
The conditions for investment and growth in Peru prompted IBM to develop a center to provide microfinance services in this South American country. Jaime Garcia Echecopar, general director for IBM in Peru, Bolivia, Ecuador, Paraguay and Uruguay, announced the launch of this project.
The Small and Medium Enterprises Development Agency of Nigeria, has signed a Memorandum of Understanding with six Microfinance Banks on the provision of micro credit for small and medium scale enterprises in the country. The pact will also enable business owners in the country to benefit from entrepreneurship training programmes put together by SMEDAN and the microfinance banks.
Despite the challenges that the board and management of Integrated Microfinance Bank, IMFB, have been faced with, it is determined to come out stronger and bigger. In this interview, IMFB's Managing Director, Mr. Adamu Ibrahim, takes us through the events of the past 9 months, steps being taken to regain public confidence and the recent injection of funds by an investor.
The Central Bank of Nigeria (CBN) is set to increase the minimum paid-up capital of Unit Micro-Finance Banks (MFBs) by 500 per cent to N100 million. It also increased that of State MFBs by 100 per cent to N2 billion. Under the micro-finance bank policy introduced in 2006, there are two categories of MFBs -State MFBs and Unit MFBs.
For little Nkamere Precious, Opayemi Toluwani, Ebuka Uba, Umoh Uwana and Miss Ngozi Ogudu, the 2010 Children’s Day will ever be remembered for the impact it is going to make in their lives. It was the day they were rewarded for their outstanding performance and achievements for the year with a minimum of between 10 As and 14 As out of 12 to 16 subjects they sat for in their various schools.
Ten years ago, it was not fashionable for social enterprises to take loans. Even if they wanted to, nobody would lend them money... Many small social investment firms have emerged recently.
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