RESOURCES

Insights about the Financial Inclusion business and economics

CASE STUDIES

When mobile operators and financial services providers involve VBN to solve new challenges, they do expect VBN to remove complexity and add real measurable value. 

 

VBN-Mobile & Cloud for MicroFinance

VBN’s partner needed an innovative and complete suite for branchless mobile banking. Mobile devices are pervasive and social class independent. Users are demanding fast, do-it-now financial transactions with flexibility, security, and a rewarding user experience. Multi-Channel delivery is a requirement.

Challenge

Provide branchless, cashless banking services to an emerging country through the most ubiquitous tool of today: the mobile phone. Create a new banking service instrument featuring fully integrated Account Management ranging from Customer Acquisition to Risk Analysis to Customer Position and Monitoring, all to be delivered via mobile phones and PDAs.

Delivery

The solution delivered runs in Amazon Cloud. It’s based upon VBN-Enterprise and VBN-Mobile for Loan Origination and Account Management modules. These are integrated with the Partner’s credit risk management, mobile banking, and agent management products. The resulting solution offers seamless, integrated mobile banking for micro-savings and micro-loans. Retailers, market vendors, and other low-income earners now can remit capital build-up deposits and loan amortizations using their mobile phones to access banking services in a large region in Asia Pacific.

Results

  • Modularity and flexibility for banking services processing
  • Lower operational costs, high automation
  • Centralized control of all processes
  • Secure, cashless, and paperless
VBN-Enterprise on Mission Critical Servers

VBN’s Partner needed to seamlessly integrate a complete new-generation banking system into existing core banking legacy systems to provide access to a full range of front-end banking services and to remodel banking business processes.

Challenge

VBN were tasked to provide a new product offering leveraging mission-critical servers for end users demanding fast, do-it-now, financial transactions with flexibility, security, and a rewarding user-experience. Partner needed to provide massive scalability to support very high transaction volumes. The VBN platform delivered is robust, secure, and available on all leading cloud and mobile platforms.

Delivery

VBN team structured a VBN-Enterprise version to deliver a feature-rich banking transaction system to a host of cloud and mobile devices. It was designed for quick, intuitive, and reliable use on a mission-critical infrastructure to support performance, scale and high availability.

Results

  • Comprehensive system using VBN-Enterprise server-based platform, built-in functions: scalability, high volume concurrent transactions, robust security, and response time in milliseconds
  • Massive transaction throughput: a multi-tier Mobility Banking performance test, confirmed massive performance in a mixed-OS environment