Management Information Systems :: Technology, Internet Banking, PDAs

The board INFORMATION SYSTEMS (MIS) The most widely recognized innovation applied by MFIs is the administration data framework known as MIS. MIS is an incorporated PC based application used to get to valuable, auspicious and precise data to permit the client to settle on fitting choices, and to oversee data successfully and proficiently. MIS incorporates modules, for example, credits portfolio following, HR, inside control, bookkeeping, and money related investigation (CGAP, 2010). MIS is regularly one of the central point that empower MFIs to accomplish noteworthy development. Kashyap (2009) focused on that â€Å"It is hard for a MFI to upscale fundamentally and keep up the precision and straightforwardness of its credit portfolio without a MIS†.(PAGE?) Individual DIGITAL ASSISTANTS (PDA) An individual advanced partner (PDA), otherwise called a palmtop PC, is a cell phone that capacities as an individual data administrator. MFIs utilize PDAs to ease advance preparing, improve advance official proficiency, and increment information exactness and access in the field. To get the most extreme advantages from PDAs, MFIs should have a steady MIS, and rapid access to information from their branches (Waterfield, 2004). Brilliant CARDS Brilliant Cards are wallet-sized plastic cards have an inserted microchip that permits information stockpiling, and works like an electronic passbook that permits MFI customers to convey all their related data on this microchip. Brilliant cards are utilized to oversee investment accounts, dispense advances or make moves (Whelan, 2004). Solid electrical force for card perusers, programming joining between card perusers and the focal administration data framework, along with procedures, arrangements, and staff assets for dealing with lost, taken or harmed cards are required before the presentation of savvy cards (Whelan, 2004). Retail location (POS) Retail location (POS) is a gadget or framework frequently connected to PCs, bank card perusers, or even cell phones, that is situated at a physical area, for example, a retail outlet, so as to play out an electronic exchange starting with one record then onto the next or from a client to a retailer. Some MFIs have executed this innovation so as to expand the security of money related exchanges, diminish exchange cost so as to serve customers, and to arrive at new regions without branch foundation (Owens, 2009) Cell PHONES Portable banking is a path for customers to perform balance checks, account exchanges, installments, and so on utilizing a cell phone. Cell phones give another and quickly creating innovative elective conveyance channels to stretch out budgetary administrations to those barred from formal monetary frameworks. Cell phones permit customers to call into a robotized framework to direct business exchanges, and to access and solicitation data. The board Information Systems :: Technology, Internet Banking, PDAs The board INFORMATION SYSTEMS (MIS) The most widely recognized innovation applied by MFIs is the administration data framework known as MIS. MIS is an incorporated PC based application used to get to helpful, convenient and precise data to permit the client to settle on fitting choices, and to oversee data successfully and proficiently. MIS incorporates modules, for example, advances portfolio following, HR, inside control, bookkeeping, and money related investigation (CGAP, 2010). MIS is frequently one of the main considerations that empower MFIs to accomplish noteworthy development. Kashyap (2009) focused on that â€Å"It is hard for a MFI to upscale essentially and keep up the exactness and straightforwardness of its advance portfolio without a MIS†.(PAGE?) Individual DIGITAL ASSISTANTS (PDA) An individual computerized associate (PDA), otherwise called a palmtop PC, is a cell phone that capacities as an individual data supervisor. MFIs utilize PDAs to ease advance preparing, improve advance official proficiency, and increment information precision and access in the field. To get the most extreme advantages from PDAs, MFIs should have a steady MIS, and rapid access to information from their branches (Waterfield, 2004). Shrewd CARDS Shrewd Cards are wallet-sized plastic cards have an inserted microchip that permits information stockpiling, and works like an electronic passbook that permits MFI customers to convey all their related data on this microchip. Keen cards are utilized to oversee bank accounts, dispense credits or make moves (Whelan, 2004). Dependable electrical force for card perusers, programming combination between card perusers and the focal administration data framework, along with procedures, arrangements, and staff assets for taking care of lost, taken or harmed cards are required before the presentation of keen cards (Whelan, 2004). Retail location (POS) Retail location (POS) is a gadget or framework regularly connected to PCs, bank card perusers, or even cell phones, that is situated at a physical area, for example, a retail outlet, so as to play out an electronic exchange starting with one record then onto the next or from a client to a retailer. Some MFIs have executed this innovation so as to build the security of money related exchanges, decrease exchange cost so as to serve customers, and to arrive at new territories without branch framework (Owens, 2009) Cell PHONES Versatile banking is a route for customers to perform balance checks, account exchanges, installments, and so on utilizing a cell phone. Cell phones give another and quickly creating innovative elective conveyance channels to stretch out monetary administrations to those avoided from formal budgetary frameworks. Cell phones permit customers to call into a robotized framework to direct business exchanges, and to access and solicitation data.