Seedfinance Hosted Core Banking Software: The New Alternative

Reasons To Acquire HCBS

This program will address the challenges many financial institutions (i.e. Cooperatives, Rural and Thrift Banks) face, which have hindered them from automating their operations – ranging from exorbitant software license fees, to inadequate resources, competency issues and skills required to properly manage these new technologies.

Benefits for Seedfinance Members

SEEDFINANCE and ENCASH’s Hosted Core Banking Service (HCBS) allows SEEDFINANCE member cooperatives to subscribe to a core banking service, deliver advanced banking to their members without undertaking the investment in technology by outsourcing the back-end operations to ENCASH.  Among many benefits, this approach enables SEEDFINANCE members the benefit of a more cost effective approach to implementing an ATM service.  As a result, cooperatives can spread their IT budget across many more applications to support and grow their business operations, which will in turn contribute to their bottom line.

This is a pioneer approach to providing financial solutions for a largely underserved but emerging segment of the Philippines’ financial market.