MKTY & Agile Financial Technologies launches Universal MicroFinance Software in Ethiopia

Addis Ababa, 21st January, 2010: MKTY IT Services, a leading Ethiopian IT Solution provider company in collaboration with it’s partner Agile Financial Technologies (Agile FT), a leading technology partner to dominant players in the BFSI (Banking, Financial Services and Insurance) sector, conducted a conference on the 21st of January, 2010 at the Hilton Addis, aimed at showcasing technology initiatives to the MicroFinance Sector. The event was supported by the Association of Ethiopian Microfinance Institutions and was well attended, with over 20 MFIs participating in the same.
Kalpesh Desai, CEO at Agile FT, speaking at the event, said “Microfinance institutions (MFIs) face various challenges in terms of managing and streamlining their processes, creation of specialised products to service their borrowers, monitoring their loan portfolio, and last but not the least – ensuring that they have the ability to reach out to their clients in rural and remote areas. The business model is highly dependent upon the effective use of technology and this is what we wish to demonstrate. We are committed to increasing our support presence here in Ethiopia through MKTY, our partner for the region and are confident of supporting the MFIs here in their initiatives.”
Markos Tilahun whilst demonstrating the capabilities of MKTY, a 15 year old technology driven business solution company in Ethiopia said “MKTY in it’s past 15 year of operation and currently is highly focused in serving the financial industry in Ethiopia. Markos has mentioned that MKTY has been the first company to introduce the concept of ATM’s for the banking Industry in Ethiopia in 1997. He has also indicated that MKTY servs majority of the Ethiopian Banks by providing several solutions from high end servers, printers and network equipments to specialized software applications for core banking operations, payment systems and security solutions from leading global vendors.   Markos in his summery stated that MKTY’s aim is to introduce and provide innovative technology drive business solutions that will help build a financial services ecosystem for the unbanked in Ethiopia”.
Agile FT demonstrated how its core microfinance software, Agilis Universal Microfinance Solution, and Agilis Door-step-banking (using mobile POS devices to enable enrolment, collections and transactions in the field) would work in tandem to create a strong technology foundation for the MFI.

Shan M, Regional Manager for Agile FT & Markos Tilahun, CMO of MKTY demonstrating the business transforming finger print biometrics and  voice enabled Mobile POS terminal technology  that would enable Ethiopian MFI’s introduce. Door-step-banking in rural and remote locations.

About Agile Core Insurance Application
Agile Core Insurance Application (Agile FT) is a global technology partner to key players in the BFSI (Banking, Financial Services and Insurance) sector in emerging markets. The company has offices in the UAE, Singapore and India and extends its reach through partners in Latin America, Central & Eastern Europe, Middle East, Africa and the Asia-Pacific regions.
Agile FT has created an enterprise that is uniquely positioned to offer holistic solutions comprising functionality-rich software, technology solutions and business enablement services (BPO & KPO). The innovative delivery model of wrapping services around software to aptly meet customers’ dynamic requirements is what makes Agile FT the most ‘agile’ technology partner for the BFSI sector.
For more information about the company and its products, visit www.agile-ft.com.

About MKTY Technologies
MKTY Information Technology Services Plc. is a value-add IT company having distribution contracts with major Manufacturers of IT products and a growing network of dealers and Resellers. Being a Total Solution provider MKTY focuses on providing total technology solutions, outsourcing and support services. The Company was incorporated in 1993 and employs high caliber individuals with a wide knowledge and experience of the IT Industry. During the last 15 years MKTY has built up a hardware, software and networking support team competent to handle the size, complexity, spread and number of customers in Ethiopia.