A Little World has an impressive track record of creating commercially viable innovative technology solutions and delivering multiple financial services at the lowest cost through mainstream financial institutions

Challenge

• To include ~ 70% of India’s unbanked population into the banking eco-system.
• Lack of last mile connectivity.
• Banks do not have the investment to open rural branches and sustain

Solution

• Implemented Financial Inclusion system in 2006 (Enrolment and Transaction modules).
• Enrolment using mobile/card application and biometric capturing devices.
• Rendered transactions synonymous to ATM through Agents/POS in rural areas.
• Enabled banking application on Mobile POS & Web.
• Utilized niche technologies including NFC.

Benifits

• Banks quickly extended its services to the unbanked customers through Business Correspondent model and technology adaptation.
• Introduced remote delivery of banking services.
• 12 million+ customers enrolled in to the financial ecosystem till date.
• 15,000 agents performing transactions
• Reduced operational cost with minimal infrastructure.
• System used by multiple Banks in India.
• Card & Card-less transactions ensuring online/offline compatibility

Technologies

• J2ME, Android
• J2EE, Spring, Hibernet, JSP
• MySQL
• JASPER – Reports
• 3DES, RSA – Encryption/ Biometric
• Integration to Core Banking System