Tech Alliance is Helping Rebuild the Shattered Economies by Democratizing FinTech During the Pandemic
by Feyzi Fatehi
You can’t rebuild during a hurricane. But you can rebuild during a pandemic. While this pandemic rages on we can prepare for the future we are going to need to rebuild. The future was well underway, where innovations in financial inclusion were eliminating extreme poverty for not millions, but hundreds of millions of people around the world. Now this progress is set back because of the pandemic – disrupting economies, especially young and fragile ones.
It will take a concerted effort to rebuild those economies, to once again start lifting the unbanked, the uncredited and the impoverished millions hardest hit by economic stop orders. The world flung itself into stasis to cope with a virus, now we need to work to revive and rebuild those economies.
Corent recently collaborated with The Mifos Initiative to bring the Mifos X platform onto Microsoft Azure Cloud as an efficient self-service SaaS (Software as a Service) using Corent’s SurPaaS® SaaS-enablement platform, offering an easy pathway to an affordable Mifos X environment for any fintech solution provider. Now anyone who wants to start rebuilding the economy of the world by offering financial inclusion has an opportunity to do so very easily with the Mifos X platform running on Azure for a modest monthly fee. The Mifos X platform is a highly regarded core banking system which can be used by any organization to deliver core banking capabilities at very low cost.
“Offering Mifos X as SaaS – empowered by Corent’s SurPaaS on Microsoft Azure - opens up many new opportunities for us to advance our mission of facilitating a global financial inclusion movement.” – Ed Cable, CEO, Mifos Initiative.
We need to get started. There are millions who can’t afford to wait. Corent and The Mifos Initiative are launching a call to action for all the fintech entrepreneurs to start the rebuilding now. The world needs every fresh idea, new perspective and opportunity to be seized and nurtured. To help start the rebuilding of so much of the world’s struggling economies that are suffering from pandemic collapse, Corent and Mifos are offering the fintech solution providers the SurPaaS® powered Mifos X platform on Azure for an incredibly low cost.
The Mifos Initiative tells the story of Marie to illustrate the transformative power of financial inclusion. Marie was a poor woman who, through one of the fintech organizations that uses Mifos X, applied for and got her first ever loan to start a restaurant business. In real terms it would be considered a very small loan, yet it enabled Marie to start and grow her business and be able to afford to pay the school fees for her children. It was a loan that made a huge difference to Marie’s life, enabling her to improve her circumstances and her community. The goal is to create millions of Maries, and it is being repeated millions of times in hundreds of places to enact that economic miracle for people all over the world.
“Microsoft is honored to be working with Corent Technology and the Mifos Initiative to empower financial inclusion with the potential of positively impacting the lives and livelihood of people around the globe.” – Gavriella Schuster, Corporate Vice president, One Commercial Partner, Microsoft Corp.
The setback this pandemic has caused endangers a lot of progress. We need all the fintech solution providers, the community service organizations, the co-operatives and associations of independent farmers, artisans and other capable hardworking people of the world to rise to the challenge and not let the most fragile economic successes of the last decade slip away. Work with us and keep the economic miracles that have let hundreds of millions raise themselves out of poverty – use the SurPaaS® powered Mifos X platform on Microsoft Azure to create your own bank of success.
“Corent’s OpenSaaS™ Initiative is about advancing technology to liberate open source for the SaaS era, and to do that in support of the Mifos mission in this time of economic stress is especially gratifying. ” – Scott Chate, VP Partner & Market Development, Corent Technology.
Related Links:
Read Microsoft Customer Success Story
Read Microsoft Customer Success Story
To learn more about MIFOS, click here.
To learn more about Corent Tech, click here.
Feyzi Fatehi is a technology visionary, inventor, and entrepreneur. As a Silicon Valley veteran, he serves as the CEO of Corent Tech – a Cloud technology innovator that was named among the Top 10 Most Disruptive Private Companies in 2018. Mr. Fatehi studied at Cambridge, Princeton, UT Austin, and UCLA, and has given talks at Harvard, Wharton, Stanford, CalTech, and at industry events around the world. He serves as an advisor to UCLA Anderson, UCI Henry Samueli School of Engineering, and Beall Center for Innovation and Entrepreneurship.
READ OTHER ARTICLES IN THIS ISSUE:
by Lt. General Larry James
by Janet Pucino
An interview with John D. “Jack” McConaghy, Esq.
Comments
Post a Comment