FINO Fintech Foundation

FINO Fintech Foundation
General Information
Name of BC Company	FINO Fintech Foundation
States of Operations	Andhra Pradesh, Assam, Bihar, Chandigarh, Chhattisgarh, Dadra And Nagar Haveli, Delhi, Gujarat, Haryana, Himachal Pradesh, Jammu and Kashmir, Jharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Meghalaya, Orissa, Punjab, Rajasthan, Sikkim, Tamil Nadu, Uttar Pradesh, Uttarakhand, West Bengal.
Banking Partners	Andhra Bank, Axis Bank, Bank of Baroda, Central Bank Of India, Corporation Bank, Deccan Grameen Bank, Dena Bank, Dhanalaxmi Bank, HDFC Bank, ICICI Bank, ING Vyasa Bank, Jammu and Kashmir Bank,    Kotak Mahindra Bank, Oriental Bank of Commerce, Punjab National Bank, Purvanchal Gramin Bank,  State Bank of India, United Bank of India.
Technology Partner	Financial Inclusion Network & Operations Ltd.
Year Established	2007
Overview
FINO Fintech Foundation (FFF) is registered under section 25 (not-for-profit company) of the Indian Companies Act, 1956. It was incorporated on June 23, 2007. The role of FFF involves creating the agent network, designing new products, managing training and audit calendar with the banks. FFF promotes sustainable livelihoods and economic self-reliance for the rural, poor and unbanked by linking them to financial and insurance services and technical assistance.
Mode of Operations
1.  To provide a range of financial services to the costumers at very reasonable cost including saving, credit, insurance, money transfer and remittance. 2.  Financial and institutional sustainability as a mean of providing access to financial services overtime. 3.  Multiple provider of financial services wherever feasible so as to bring cost effective and wide variety of alternative to costumers.
Product Offered
A. Banking:  1. FINO Savings: It is a biometric smart card based no-frills savings account. The card is a passbook-cum-ATM card and can also be used to deliver loans, remittance, and insurance to micro customers.  2.  FINO’s Self Help Group (SHG):  product solution leverages FINO’s robust technology platform and pan India agent (Bandhu) network, to provide an automated, scalable, efficient and cost effective servicing of SHG clients. 3. Remittance: FINO Money Transfer provides safe, fast and convenient ways to remit money at the doorstep of beneficiaries in remote areas. FINO is like an intermediary between the remitter and beneficiary. It leverages smart card technology to provide quick, low cost and reliable services to customers. B. Government: FINO Electronic Benefit Transfer: FINO offers revolutionary technology solutions to improve the operational ease in social benefit schemes (MGNREGA, SSP) through its BC model. The services include enrollment of beneficiaries, issuance of biometric smart card, disbursement of wages as per e-pay orders and report generated. C. Insurance: (FINO SURE) It is a micro insurance product that enables insurance companies to reach low-income customers. FINO acts as medium between the insurance company and BoP customers. Currently, coverage offered is for accidental death and disability, but there is a potential to expand existing product suite with life, weather and health insurance. Business Correspondents in India  D. FINO Third Party Services: It offers mobile based services to customers through its wide agent (Bandhu) network. This is first of its kind service with online and offline payment gateways integrated for rural India. The services provided are: Next time mobile prepaid and postpaid services, mobile connections, DTH recharge, payment of utility bills and insurance premiums and railway ticketing.
Contact Details
Email	info@fino.co.in
Website	http://www.finopaytech.com/
Fax	91- 22  - 41613684
Telephone	91- 22 -  41613466
Office Address	Shree Sawan Knowledge Park  Plot No. D-507, Second Floor  MIDC Turbhe, Navi Mumbai- 400 705
Contact Person	Mr. Unni Krishnan
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