Processware provides unique solutions for branch less banking operations. Many financial institutions
around the World face a situation of higher costs of opening a physical branch, in order to increase
their customer base. Reaching more customers with less capital expenses is possible through branch less
Across the World, many segments of population do not formally use the banking sector for their financial
needs. The reason for this is the availability of a branch nearby their location. In many emerging
economies, branch less banking has proven to be most effective way to increase customer penetration.
Processware has designed and developed these solutions, enabling financial institutions to take their
services to the customers. A hand held POS device with bio-metric authentication capability enables an
agent of the financial institution to physically visit remote locations and provide services to
customers at their door step. These devices have GPRS connectivity to transfer data on a real time basis
to the nearest branch of the bank. Banks can adopt a hub and spoke model to increase their coverage
using a network of agents to promote the products and services.
The agent will have all the customer details on the POS device and will be able to provide all types of
financial facilities to the customer on the field. The solution is integrated with BankSoft - Core