Thanks to the integration, Musoni’s partner MFIs will receive the full suite of benefits our reporting engine brings. This will make it simpler for them to make data-driven decisions and manage their operations.
Musoni specialises in helping organisations to digitalise their operations. Their team of specialists take a personalised approach to understanding businesses and their objectives as they support their digitalisation journey.
The core banking system for microfinance, Musoni focuses on improving efficiency, reducing costs, and helping clients launch new products and services. Their award-winning core banking platform solution harnesses the advantages of the cloud to remove worries about storage and maintenance for a truly pioneering global solution.
Cameron Goldie-Scot, CEO of Musoni, stated:
“Partnering with BankBI is a perfect example of how microfinance organisations can integrate third-party solutions into the Musoni platform.”
The Integration Process
VisionFund Myanmar adopted the Musoni core banking system in 2019, and our integration with Musoni was completed as part of that adoption. VisionFund International had worked with us previously in other countries.
The integration has been extended over the last year, with more than 80 different data points sent automatically from Musoni to BankBI every day. The straight-forward nature of the integration means it has been easy to replicate for other MFIs. Musoni is now completing the BankBI integration for other MFIs in the VisionFund network including VisionFund Montenegro and VisionFund Vietnam.
The Program Director of VFM, Tim Tempany, stated:
“BankBI complements the reporting capability of Musoni and allows executive management to get the data and insights they need without needing to directly access the core banking system.”
Commenting on BankBI’s user-friendly approach, Mr. Tempany added:
“Navigating and using BankBI does not require a degree in data analytics. It has a simple and intuitive user interface. The visual representation of data that the tool provides often helps us reach conclusions and make decisions faster.”
The complications caused by COVID-19 have meant completing this integration was more important than ever. Graham Goble, CEO of BankBI, stated:
“We’re thrilled to have completed the integration with Musoni. Now MFIs around the world can enable their senior management teams to make data-driven decisions by delivering financial performance as a service.”
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