- Proprietary blockchain ecosystem on Hyperledger
- Bank-grade security (VAPT by regulator approved agencies)
- ISO 9001 & ISO 27001 certified
- Multi-party scalability
- Independent node within individual firewalls
- Distributed process optimization mechanism
- Low-touch multi-channel integration with core (banking) systems
- User configurable Smart Contracts to enable complex product rules
- Expansive Data Lake
- AI based customizable multi-medium Dashboards
Banking on MiFiX
MiFiX connects
- Banks
- NBFCs
- Other FIs
seamlessly with
- Customers
- Business Correspondents
- DSAs
- Field Officers
- Branches
- 3rd Party Partners
to
- Originate customers
- Complete KYC
- Underwrite loans
- Complete documentation
- Open accounts
- Disburse payments
- Manage collections
- Meet reporting requirements
- Manage billing and settlement
MiFiX has proven efficiency gains in excess of 500%.
FAR on MiFiX
FAR (Finance Against Remittances) – A rejuvenating innovation delivered via MiFiX in the X-Border Remittances Industry addressing the financial services needs of 250 + million migrant workers and their dependents, across 200+ remittance corridors globally.
MiFiX connects
Host Country
- Remitters
- Money Transfer Operators/Networks
- Banks
- Payment Companies
- TELCOs
- Other FIs
with Home Country
- Benes
- Banks
- NBFCs
- Payment Networks
- 3rd Party Partners
to manage
- X-Border KYC
- X-Border Data Synch
- Underwriting
- Documentation
- Account Opening
- Remittances
- Reconciliation
- Reporting
- Billing & Settlement
Agri Loans on MiFiX
MiFiX connects
- Banks
- NBFCs
- Other FIs
seamlessly with
- Customers
- Central/State Nodal Agencies
- Farmer Organizations
- Farmer Interest Groups
- Business Correspondents
- DSAs
- Field Officers
- Branches
- 3rd Party Partners
to
- Originate customers
- Complete KYC
- Validate digitalized asset records
- Underwrite loans
- Scale of Finance with Seasonality
- Complete documentation
- Open accounts
- Disburse payments