ICICI Bank brings ‘FINO’ to Sri Lankan market

ICICI Bank will introduce ‘Financial Information Network and Operations Limited’ (FINO) to the Sri Lankan market.
FINO is an organization incubated by the Bank almost a year back with the sole purpose of providing cutting edge, smart card based multi functional/application solutions to the unbanked, bottom of the pyramid masses.
According to Country Head, ICICI Bank, Prem Thampi, "Financial Information Network and Operations (FINO) has been working since its foundation on July 13, 2006 with the single objective of building technologies to enable financial institutions (FIs), banks, micro finance institutions (MFIs) and governments to serve the underserved and the unbanked sector at very affordable cost, thereby increasing their outreach and to bring more transparency in their business."
FINO itself is not a vendor of technology, but a sectoral resource of technology professionals focussed on integrating a robust technology solution, which would meet the requirements of above entities.
FINO implements modular solutions/ services based on a robust core banking solution that offers low risk and quick launching of new products and services for its clients in key sectors such as micro finance, banking, insurance and government.