PRODUCT OVERVIEW
Speridian’s Beacon Financial Inclusion Solution works as an intermediary between Banks & Business Correspondents. This solution significantly helps banks increase their outreach in underserved areas. Beacon FIS improves profitability by increasing both the loan portfolio and timely collections.
Beacon FIS also serves our clients by providing value added services such as utility bill payments, Mobile Recharges, etc. Most importantly, Beacon FIS Solution has its own power packed Android mobile application, which aids customer’s carry out all essential activities using a mobile phone, minimizing opportunity for error.
beacon financial inclusion solution
Key Features
Significantly Bolster Business
Beacon FIS helps banks out to underserved areas through BC’s, creating significant growth opportunities
Facilitate Cost-Effective Outreach Channels
Beacon FIS helps reach areas lacking formal financial services quicker and cheaper than opening physical locations
Enable Greater Financial Inclusion
Extend financial services to clients beyond your branch network, often located at unbanked and underbanked areas
Bank Services Made Available to the Doorsteps
Provide banking services, including loan disbursement and recovery, directly to their door
Strengthens Bank’s Loan Portfolio
Offer a variety of loans which, in turn, strengthen your loan portfolio
Improve Bank's Recovery Position
Target clients are well known to the local BC’s. This personal connection improves loan performance and repayment rates
Convenient Monitoring Performances of BC
Beacon FIS provides detailed reports which help Banks monitor, track, and analyse the performance of BC’s
The Convenience of a Mobile Application
Our mobile application offers a comprehensive suite of tools for account creation, loans, recovery, bill payments, etc.
FINANCIAL INCLUSION SOLUTION
CUSTOMER BENEFITS
Beacon Solutions in Action
Insights
