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Business

eFinance and Software Group Partner to Promote Financial Inclusion in Egypt through Digital and Agency Banking Solutions

  • eFinance and Software Group Partner to Promote Financial Inclusion in Egypt through Digital and Agency Banking Solutions
  • eFinance and Software Group Partner to Promote Financial Inclusion in Egypt through Digital and Agency Banking Solutions

 e-finance Investment Group, one of Egypt’s leading developers of digital payment infrastructures, signed a Memorandum of Understanding (MOU) with Software Group, a global technology company specialised in digital banking solutions and financial inclusion, to encourage the adoption of digital financial technologies, agent banking, along with cloud computing services and artificial intelligence.
 
The MOU is part of e-finance’s plan to empower banks and financial institutions in Egypt by providing a wealth of solutions and services including agency banking services widening the access of financial services to mass market, while focusing on rapid time to market. Read more
Business

BNCTL & Software Group Launch Innovative Agent Banking Solution

  • BNCTL & Software Group Launch Innovative Agent Banking Solution
  • BNCTL & Software Group Launch Innovative Agent Banking Solution

The National Commercial Bank of Timor-Leste (BNCTL), in partnership with Software Group, a global leader in financial technology, announced the launch of their new agent banking service. This initiative marks a significant milestone in BNCTL's digital transformation journey, aimed at enhancing accessibility to banking services in remote areas of Timor-Leste.

The agent banking solution, powered by Software Group's agency platform, has been developed to meet the needs of customers facing challenges accessing traditional bank branches. Through a network of local agents, BNCTL now offers essential services such as deposits, withdrawals, and fund transfers directly in local communities, promoting financial inclusion and increasing convenience for its customers.

“We are excited to introduce agent banking as part of our commitment to financial inclusion in Timor-Leste," stated António Vitor, Chairman of BNCTL. "This initiative reinforces our dedication to leveraging technology to bring banking services closer to our customers, especially in remote areas where access to traditional branches is limited."

The strategic collaboration between BNCTL and Software Group has also resulted in successful implementation of other digital solutions including an upgraded payment system, card management platforms, internet banking and mobile banking.

"We are proud to support BNCTL in their digital transformation journey and applaud their vision for expanding access to financial services across Timor Leste," said Kalin Radev, CEO of Software Group. "Our agency banking platform is designed to empower banks to extend their reach to underserved communities, and we are excited to see the positive impact it will have on BNCTL's customers."

About BNCTL

Established in 2011, is wholly owned by the State of Timor-Leste, holding 73% of bank's clients market share. With the goal to be the leading commercial bank of Timor-Leste and for Timorese people worldwide, BNCTL now has 27 agencies located in 13 municipalities of Timor-Leste & 6 Agent Banking in 3 Municipalities 64 ATMs, more than 211 POS and 13 mobile banking vans enabling BNCTL to bring banking services to people living in mostly rural and remote areas. BNCTL has been continuously progressing towards a fully operating commercial bank as a full-fledged financial institution by catering its services to all categories of customers, including small businesses, individuals, and microfinance customers. It has embarked on its ambitious digital transformation agenda and is fully committed to consistently improve and grow itself, turning the bank into a bank of choice for all, by providing affordable, convenient banking services.

About Software Group

Software Group is a global technology company specialized in digitalization and integration solutions for financial service providers. It currently serves a worldwide client base in more than 70 countries from 9 regional offices located in Australia, Bulgaria, Egypt, Ghana, India, Kenya, Mexico, the Philippines, and the USA. Among the customers of Software Group are organizations like Bill and Melinda Gates Foundation, Mastercard and Mastercard Foundation, International Finance Corporation (IFC), Asia Development Bank, Asia Confederation of Credit Unions (ACCU), Standard Bank, Access Bank, Bank South Pacific, Commercial International Bank Egypt, Bank de Caire, Dosh New Zealand, Allianz Bank, Eurobank, Generali, Fidelity Bank Ghana, Kenya Commercial Bank and more than 200 financial service providers from across the globe.

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Technology

Profile Software launches the new AI solution AI.Adaptive

  • Profile Software launches the new AI solution AI.Adaptive
  • Profile Software launches the new AI solution AI.Adaptive

Profile Software launches its new “AI.Adaptive” solution, which simplifies user interaction into natural language with databases and applications, enhancing operational efficiency by integrating Generative AI and Large Language Models (LLMs) artificial intelligence technologies.

Profile, a leading international financial solutions provider, announces the launch of its pioneering AI.Adaptive solution and incorporates the cutting-edge technology introduced by Artificial Intelligence, revolutionising the digital landscape.  The solution, enhanced by the capabilities of OpenAI, adopts an LLM-agnostic strategy, enabling the direct and flexible interaction with Profile’s Axia SuiteFinuevo SuiteAcumen.plusCentevo SuiteRiskAvert and RegiStar platforms.

AI.Adaptive has been designed to enable users to pose ad hoc queries to application databases, in natural language, both written and spoken. This is accomplished through the development of advanced natural language processing (NLP) and machine learning (ML) algorithms, leveraging the adaptability of the LLM-agnostic platform to enhance its capabilities. ...

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Technology

7 MOST POPULAR BACKEND FRAMEWORKS FOR WEB DEVELOPMENT SERVICES IN 2023

  • 7 MOST POPULAR BACKEND FRAMEWORKS FOR WEB DEVELOPMENT SERVICES IN 2023
  • 7 MOST POPULAR BACKEND FRAMEWORKS FOR WEB DEVELOPMENT SERVICES IN 2023

Businesses have faced many challenges and have undergone numerous changes over the past couple of years, and this will not slow down in 2023. Organizations need to deal with alternatives to the aftereffects of the global pandemic. 


Research conducted by McKinsey & Company has displayed the world will witness a once-in-a-lifetime wave of capital spending on physical assets between now and 2027. Around $130 trillion will drive into projects to decarbonize and then reintroduce all sort of critical infrastructure. During such a period, you would wonder what is the most significant aspect of your business that allows staying ahead of the competition.  Most would consider and look into accelerated digital transformation, inflation and supply chain security.  

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