“Finance Against Remittances is a pioneering innovation by Laxmi Bank, UNCDF and New Street Technologies for the X-Border Remittances Industry. The Blockchain based technical platform (FAR) from New Street Technologies helped Laxmi Bank connect blue-collared migrant workers from Nepal working in UAE and provide loans to their family members in Nepal. We are very happy partnering with New Street to use FAR to drive Financial Inclusion in Nepal. We are working in tandem with New Street, Al Fardan Exchange and UNCDF to use FAR to provide Financial Inclusion to remitters and their family members... We are using MiFiX, a blockchain platform from New Street, and hope to leverage it for diverse lending products and usher in new age banking in Nepal.”
Mr. Ajaya Shah Chief Executive Officer of Laxmi Bank
"New Street is bringing a paradigm shift in financial services distribution. They have leveraged blockchain technology to create a unique ecosystem that allows multiple independent parties to collaborate without redundant integration or disruption of their existing processes. This creates unprecedented opportunities for efficiency, product innovation and enhancing customer experience."
Mr. M. V. Nair Non-Executive Chairman of TransUnion CIBIL
“At Al Fardan Exchange we have always been at the forefront of adopting bleeding edge technology to offer innovative solutions to our customers. We have partnered with New Street Technologies on Remittances backed Lending and we find their FAR product a game-changer for the X-Border Remittances Industry. New Street’s blockchain eco-system is transforming how MTOs and Banks can work in harmony to serve the financial needs of the overseas blue-collared migrant workers and their families.”
Mr. Shafique R Ibrahim Chief Digital Information Officer of Al Fardan Exchange
“MiFiX is a trusted and reliable platform that securely connects all the participants of any lending ecosystem including Micro lending, Loan against Remittances, Auto loans, housing loans etc. MiFiX adopts various modern day technologies such as blockchain and AI to assure minimum turn around time while addressing all business and regulatory needs of lending institutions. MiFiX is here to help the lenders to scale their asset portfolio rapidly. MiFiX is the proven technology gateway to new age Banking and Financial services distribution. KrypC is a proud partner of New Street Technologies in developing MiFiX.”
Mr. Ravi Jagannathan Founder & Chief Executive Officer - KrypC