Introduction

Amala Core Banking is a software platform that has automated banking operations of Microfinance and SACCOS (Microfinance and SACCOS operations are banking operations at small scale) provided by Singo Africa Limited on our mission to improve, grow and transform businesses of our fellow African’s and the world at large.

On serving Tanzania as a primary market where the company is based, Singo Africa Limited is ensuring their clients also comply with the regulations that govern them, to do that, we have automated all the areas that relate with their operations in terms of managing their banking information and that required by the regulations.

In this article we will elaborate what the regulation requires and how the Amala Core Banking system support the regulation.

Amala Core Banking is a software platform that has automated banking operations of Microfinance and SACCOS provided by Singo Africa Limited on our mission to improve, grow and transform businesses of our fellow African’s and the world at large. On serving Tanzania as a primary market where the company is based, Singo Africa Limited is ensuring their clients also comply with the regulations that govern them, to do that, we have automated all the areas that relate with their operations in terms of managing their banking information and that required by the regulations.

In this article we will elaborate what the regulation requires and how the Amala Core Banking system support the regulation.

Tanzania is undergoing different economical and financial tends as the country, one which are effects of several adjustment of the national economic situation. These trends and adjustments do not only concern the government alone, it extends further to various sectors that are reliable to the contribution of the national economic growth. The said means different institutions are part and parcel of these adjustments as they either affect or are affected by the economic structure of the country.

When you speak of the future of microfinance, we hope a future of progress in innovation. The progress that can take one of two forms. Horizontal or extensive progress means copying things that work from lower to higher. Horizontal progress is easy to imagine because we already know what it looks like. Vertical or intensive progress means doing new things, that is; going from nothing to something (0 to 1). Vertical progress is harder to imagine because it requires doing something nobody else has ever done.

Financial inclusion is where individuals and businesses have access to useful and affordable financial products and services that meet their needs that are delivered responsibly and sustainably. Financial inclusion is defined as the availability and equality of opportunities to access financial services. Those that promote financial inclusion argue that financial services can be viewed as having significant positive externalities when more people and firms participate.

Sunday, 24 January 2021 20:52

SACCOS and Microfinance Destiny in Tanzania

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When we think of the future, we hope a future of progress. The progress that can take one of two forms. Horizontal or extensive progress means copying things that work from lower to higher. Horizontal progress is easy to imagine because we already know what it looks like. Vertical or intensive progress means doing new things, that is; going from nothing to something (0 to 1).

The financial sector in Tanzania has faced the major transitions that pushed the change in operations. Financial activities today are not as they used to be before, amongst many reasons one of the biggest and crucial component is emergency of the so called financial technology or as famously known as Fintech.

The year 2020 has taught a lot to the financial sector and financial institutions. One of the biggest and the major lesson that the financial institutions has learnt in the year 2020 is the importance of the Digital platforms in execution of their activities. Due to the outbreak of the Covid-19 pandemic many of the activities that involves physical meetings were banned as part of precaution against the spread of the pandemic Covid-19.

Financial inclusion is where individuals and businesses have access to useful and affordable financial products and services that meet their needs that are delivered responsibly and sustainably. Financial inclusion is defined as the availability and equality of opportunities to access financial services.

Customer satisfaction is defined as a measurement that determines how happy customers are with a company's products, services, and capabilities. Customer satisfaction information, including surveys and ratings, can help a company determine how to best improve or changes its products and services.

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About us

A technology for financial inclusion that has features for financial institution flexibility to grow and advance in its way of managing customers, financial products, fast and regular reporting capabilities.

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Contact us

Singo Africa Limited

Magomeni-Makumbusho | Morogoro Rd/Ruaha Str.

Opp. Usalama BRT | Watumishi Hse, Wing B,  Gnd Flr.  

P.O BOX 78908 | 14102 Dar es Salaam

This email address is being protected from spambots. You need JavaScript enabled to view it. | +255 76 652 1258 | singo.africa | amala.co.tz

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