MICROCAPITAL STORY: Five Nigerian Microfinance Banks Opt to Use Neptune’s Orbit Banking System

Five financial institutions in Nigeria have opted to sign on to Orbit banking solution, a banking system designed by Neptune Software Plc. Neptune is a banking software and Enterprise Resource Planning (ERP) provider with more than 30 customers in over 10 countries. It offers banking solutions, enterprise solutions, and consulting services. The Orbit system is a banking solution focused on micro-banks and microfinance institutions (MFIs). More specifically, this mechanism for retail services uses a central Relationship Information Management (RIM) facility to integrate account data, transaction activity, outside financial data, marketing information, and relationships with other customers. Orbit MFI is relationship-centric rather than product-centric. The Orbit RIM enables MFIs to categorize customers by a wide range of characteristics for segmentation, analysis, and reporting.
Continue reading “MICROCAPITAL STORY: Five Nigerian Microfinance Banks Opt to Use Neptune’s Orbit Banking System”

Similar Posts:

• MICROCAPITAL BRIEF: Bankingly, Woodcore Partner to Help FSPs in Africa to Offer Digital Financial Services
• MICROCAPITAL BRIEF: Temenos Launches Artificial Intelligence Platform for Mortgage Lenders
• MICROCAPITAL BRIEF: IMBE Using Finbit Technology from L-IFT to Support Child Care Providers in South Africa
• MICROCAPITAL BRIEF: Credolab, Provenir Seek to Boost Financial Inclusion with Predictive Software
• MICROFINANCE PAPER WRAP-UP: “Mind the Gap in Financial Inclusion! Microcredit Institutions Fieldwork in Peru;” by Pilar Lopez-Sancheza, Elena Urquia-Grande