Software Group: Delivering Reliable, Scalable and Affordable Solutions for the Financial Sector
Financial inclusion has been one of the most widely discussed topics since the early 2000s. While two billion working age adults still have no access to financial services, the implementation of this concept has become highly significant, particularly in developing and emerging economies. Adopting this concept as a major driving force, Kalin Radev founded Software Group. Since its inception in 2009, Software Group has been accelerating financial inclusion by providing end to end solutions for the financial sector.
Embracing the fact that the future of the industry is moving towards branch less banking, Software Group provides cost effective solutions which enable clients to transact any where at any time. Software Group's suite of products empower organizations to offer financial services to all clients, even those in rural areas. Other solutions include agency banking, which allows organisations to deploy an agent network at a far lower cost than traditional bricks and mortar offerings. Software Group also incorporates another quality driven service - Digital Field Applications, which enable clients to access their system through the use of mobile applications. This enables reliable access to services including cash collection, disbursement of loans, on boarding of new applications and members, issuing receipts via blue tooth printers and more.
Software Group endeavours to bridge the gap between the unbanked and financial sector by working with a number of global partners, including the Gates Foundation, the IFC, Master Card, the ADB and others. Such partnerships help the company achieve its vision of connecting clients to financial services. “Our vision is to accelerate financial inclusion through the provision of cutting edge technology, and we continue to strive toward this goal every day. Providing high quality services to our customers and leaving our trail across the world, by improving the lives of people, is what motivates us,” explains Kalin Radev, CEO, Software Group.
Understanding the significance of an information toolkit for financial service providers, Software Group has published a handbook in cooperation with IFC which provides insights into alternative delivery channel platforms. According to Microfinance Gateway, it has been recognized as the most read publication of 2015, and has been well accepted among service providers across the globe.
Understanding the significance of an information toolkit for financial service providers, Software Group has published a book which provides insights into alternative delivery channel platforms.
With a focus on the development of Microfinance institutions,the company has built strategic relationships with microfinance providers in the region with institutions such as Asia Confederation of Credit Unions(ACCU), Asia Development Bank, National Bank of Vanuatu, Bank South Pacific, Fullerton Financial Services Holding.
The solutions of Software Group reach nearly 6.5 Mn. end customers in various markets across the globe who are using microcredits to start their own businesses and improve their quality of lives. By adopting the process of continual research and development, the company has been able flourish in a very competitive market and has earned a reputation as one of the most reliable vendors in the sector. Looking to the future, Software Group intends to continue its ongoing innovation and will continue to build cutting edge technologies to cater to the ever changing financial services industry.