Overview

FinnOne Neo mFin is a mobile financial inclusion solution designed to transform microfinance operations into a digitally versatile system. It provides easy, fast, and digitized access to microcredit, enabling financial institutions to offer microfinance services efficiently and securely. This solution is built to reduce risk, improve turnaround time, and enhance financial accessibility for underserved communities.

Features

Faster, digitized origination

Offers access based on user profile which includes:

1. Loan sourcing by sales teams
2. Verification by agents
3. On-field credit grading by underwriters
4. Disbursement credit counselling by disbursement officers Submit loan application in areas with limited internet connectivity Supports data entry in offline mode, which is synced when the mobile application returns to online mode.

Improve efficiency, optimize cost

Minimize risk of fraudulent applications and ensure accurate data-entry

1. Identity authentication and customer data-population via biometric based processes
2. Enables facial similarity verification for customer IDs Ensure faster turnarounds for loan processing Easy connectivity with existing customer databases to identify duplicate entries

Quick decisions, higher reach

Microfinance companies make faster loan decisions at group or member level. The application enables users to create groups such as

1. Self-help or joint liability groups Real-time dashboards enable easy monitoring, tracking and decision-making