Manila, Agust 1st 2018 – Banking solutions company, Bank-Genie has announced it will establish a partnership with Kris FinSoftware to promote and provide leading-edge solutions to a growing prospects and clientele list that includes Universal Banks, Saving and Lending Banks, Rural Banks and Multi-Finance Institutions in the Philippines.
Bank-Genie founded in 2016, had already acquired over 10 clients have since rapidly expanded its footprint across Africa and Asia. The company is backed by SBI-FMO, a private equity fund, set up by two large global institutions – The SBI Holdings Group, a leading internet-based financial services conglomerate in Japan and FMO, the Dutch development bank. Drawing from their expertise, knowledge and experience, Bank-Genie provides innovative banking solutions to help lower the cost of service of the Financial Institution whilst expanding its reach to the unbanked and under-banked sectors.
Recognizing the value of true partnership and benefit each party brings to the development of the market in Philippines, Bank-Genie CEO and Founder, Ramkumar Sarma and Kris FinSoftware CEO and Founder, Krishan Grover, have announced that the companies have formalized their relationship and has finalized a distribution agreement of Bank-Genie’s products in the Philippines.
Kris FinSoftware is a world-class partner to leading suppliers of digital banking solutions, wealth and risk management solutions with offices in Singapore and Philippines. With an excellent, long-established reputation in the Philippines, working with clients such as Chinabank, Union Bank, Security Bank, Veterans Bank, BDO Unibank and many other financial institutions, Krisfinsoft provides a launch pad for the Bank-Genie suite of solutions.
“Bank-Genie is the foremost provider of Financial Inclusion solutions Their ongoing dedication to their product strategy and development coupled with commitment to their customers and partners perfectly aligns with the Kris FinSoftware mission to bring market leading products to the Philippines. Backed up by Bank-Genie’s strong management, professional implementation teams and support structures, I am positive we can complement it by bringing value to Bank-Genie through our relationship, network and credentials in the Philippines market. Technology is critical, but people make all the difference and for this reason, we are proud to work with and represent Bank-Genie in the Philippines” says Krishan Grover, CEO, Kris FinSoftware.
Bank-Genie is a Singapore and India-based FinTech whose flagship product enables institutions to grow without investing in brick and mortar branches. Its suite of products includes branch efficiency and no-queue management system, an AI-driven bot to service consumers using voice and text and a core banking solution for small and mid-sized enterprises.
For more information about Bank-Genie please visit their website http://www.bank-genie.com/
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