The FinSys Digital Wallet provides robust, secure and flexible electronic wallet capabilities that enable low-cost onboarding, e-wallet activation and management, wallet loyalty and cashless payment amongst other advantages. The platform provides capabilities for both self-assisted and agent-assisted wallet transactions. While the FinSys Wallet platform integrates seamlessly into existing telco mobile wallet ecosystems, it can also operate on a standalone basis in a closed-loop eWallet solution environment.

The Finsys Digital Lending Platform is a robust solution that provides the capabilities for end-to-end loan origination, credit assessment, loan processing, disbursement and management of the entire loan contract lifecycle. The platform provides full support for loan applications via digital channels like USSD, mobile app, and a web portal. Other functionalities include e-KYC, profile management, loan product search, borrower eligibility check, AI-powered decision engine, and real-time loan approval.

MInsure is a cloud-based microinsurance solution that is built to address the needs of emerging SME businesses that provide insurance products for low-income groups and communities. The platform provides functionalities that cater to the important aspects of the microinsurance business, including micro-life, health, crop, funeral and credit life insurance.

OpenFactor Payment Solutions cover the entire value chain of electronic payments. FinSys Payment orchestrates all aspects of payment processing for any type of transaction (withdrawal, payment, or transfer) by any means of payment (debit card, credit card, prepaid card, e-wallet, or mobile wallet). The FinSys Card Management system provides an easy and cost-effective solution for issuing and managing different means of payment, allowing any type of transaction and providing additional services with high-value bill payments, mobile /prepaid cards top-ups, loyalty programs, and so on.

Fin-iSO is an ISO 20022-compatible payment infrastructure. ISO20022 is a flexible standard for financial messages that enables interoperability between financial institutions, market infrastructure, and banks’ customers. OpenFactor provides support to banks that want to implement the ISO20022 standard for richer, better-structured transaction data in payment messages, and aims to deliver a better customer experience by enabling less manual intervention, more accurate compliance processes, higher resilience, and improved fraud prevention measures.

OpenFactor Payment Solutions cover the entire value chain of electronic payments. FinSys Payment orchestrates all aspects of payment processing for any type of transaction (withdrawal, payment, or transfer) through any means of payment (debit card, credit card, prepaid card, e-wallet, or mobile wallet). OpenFactor has partnered with TrustDecision to help empower businesses with advanced fraud, credit risk and compliance solutions.