Insurance
Fino Paytech has established a robust, trusted, and secure branchless banking channel to assist clients who offer financial products and services to unbanked customers across geographies.
Empowers
insurance
Fino’s cutting-edge technological solution had been a game changer in India's health micro-insurance sector. The solution empowered insurance companies to reach out to customers at the bottom of the pyramid and cater to their particular financial needs, while at the same time maintain financial viability as well.
Financial Inclusion
As a key enabler and facilitator of financial inclusion, Fino had unlocked a whopping INR 45 billion potential micro-insurance market for health insurance companies. This had triggered a sea change in their delivery system by providing them with the required geographical coverage, scalable technology platform and excellent processing capabilities.
Fino had facilitated standardisation of the delivery platform, back-end database management system and data maintenance format. This had effectively resolved the issues earlier faced in government schemes that were plagued by design and implementation challenges, which therefore could not successfully reach out to the un-served and underserved markets.
Leveraging its experience in the micro-finance sector and applying it in the micro-insurance sphere, Fino had created a model that is efficient, scalable, sustainable, cost-effective, interoperable and profitable.
