Technology

Financial Access is a results-driven firm and we know that increasingly, technology drives results. To address this, we have added systems components to the value-added solutions that we provide, designed to complement and to support our advisory and financing services.

We have introduced a set of scalable products built to tackle the perennial challenges faced by our clients. Our record of accomplishment demonstrates that through the tailored application of technology, we can streamline the internal processes of clients, help them better to manage their credit risk and to control costs. Our operational and technological partnerships position Financial Access to provide full support to financial institutions or corporate clients using our Supply Chain Finance or Risk Management platforms.

Our belief that no firm can call themselves truly solution-driven without embracing the solutions supported by technology has driven us to develop the following tools:

ASYX Supply Chain Finance Platform

Financial Access has established an ASYX-powered Supply Chain Finance (SCF) platform and service company in Kenya, Uganda and Tanzania. This platform facilitates the provision of Supply Chain Finance by financial institutions interested in financing domestic agriculture value chains through value chain financing, although the platform can be leveraged directly to corporate clients in other business sectors as well.

A Supply Chain Finance approach enables clients to make SCF schemes more efficient, more transparent and therefore less risky. Value chain players need less working capital for shorter periods, allowing them to increase ties with their suppliers (late payment) and their customers (early payment). Better connected value chains are less risky and tend to be more efficient. A SCF approach allows more capital to be raised, capital to be accessed sooner and capital to be raised at lower rates.

The platform is fully customisable to cater for the evolving needs of financial institutions.

 

Credit & Risk Management Support Services

Kreditek Financial Access (KFA) provides expert financial technology solutions to financial institutions to enable improved access to finance and promote financial inclusion in Indonesia.

Products and Services

  • Development and implementation of credit workflow management and risk scoring tools;
  • Development of agriculture loan monitoring, reporting and collateral management services;
  • Design of customized supply chain finance products and services;
  • Development of alternative loan delivery channels for financial institutions in rural areas.

Impact

  • Improvement of credit risk management processes, practices and reporting;
  • Enhancement of operational efficiency;
  • On-boarding of new groups of pre-selected borrowers from rural areas at lower costs;
  • Reducing credit risk exposure;
  • Strengthening of financial institutions’ staff skills and knowledge.