Displaying items by tag: Microfinance Regulations

Financial technology is the technology and innovation that aims to compete with traditional financial methods in the delivery of financial services. It is an emerging industry that uses technology to improve activities in finance

The advent of smart analytics allows financial services companies to mine the wealth of consumer data to understand and service customers better. Technology has also helped organizations develop innovative financial services. The development of better payment systems is a key challenge for organizations.

Published in Amala Times

Financial management has often been regarded as an elite sector of banking, however, as financial institutions step into the 21st century by focusing on implementing new-age technologies, it sometimes seems that delivering a superior experience to high net worth investors has taken a back seat.

Bridging the gap 

The financial sector for quite a number of days had been going through the challenge in its operations and management. the reason being many of its issues especially by the Microfinance and the micro-credit Institutions operating manually. These institutions together with their clients faced a problem of losing accurate data at some point. This brought about a bad image of mistrust in these small scale financial institutions despite the fact that they play a huge role in dealing with economic development.

Published in Amala Times

Growth in its generality can be described in so many ways to mean the situation, state or process of moving from one lower standard of experience to a better version of it, that is the higher stand of experience. It is an essential of life that people and company wish and want to grow. As growth carter in so many aspects, the growth introduced here is that Economic growth, a growth of quality and effectiveness, a growth that affects the results and the momentum of the world itself. Economic growth only comes from increasing quality and quantity of the factors of production, which consist of four broad types: land, labour, capital, and entrepreneurship.

Published in Amala Times
Thursday, 24 October 2019 05:52

A Refuge for SACCOS and Microfinance in Tanzania.

In the recent years the world has witnessed a massive global change in the economic arena, some of the biggest financial companies stack and younger financial institutions taking over the economic market. Small loan lenders happen to take over the global financial market almost in every country especially in many of the developing and the least developed countries. The reason behind is because they serve a huge number of customers across the world many whose economic status is medium. Hence, they are at a position to create simple profits from a huge number of people and eventually it becomes a huge profit as well. This adjustment in the financial market overwhelms these institutions and put a burden bigger to the institutions to assure the best qualitative services to their customers who happen to increase day by day.

Published in Amala Times
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