JMR Infotech wins first client for Genie de Banca system

Source: JMR Infotech

JMR Infotech, a leading BFSI technology solutions provider, today announced that it has gained first taker for its groundbreaking offering, Genie de Banca - a unique solution that can be integrated with any existing internet banking solution.

National Bank of Kenya has signed a deal with JMR Infotech for implementation of Genie de Banca, a digital unified platform which empowers banks and financial services institutions to significantly increase asset based and fee based incomes.

This path breaking product is a game changer for the banking industry as it opens up opportunities for banks to increase top & bottom line income through sale of non-banking products and services too. These can include lifestyle essentials like Automobile, Real Estate, Insurance, Education, Lifestyle Goods & services.

Jayafar Moidu, CEO, JMR Infotech, said, “National Bank of Kenya is a long-standing customer of JMR and we are delighted to strike the first deal for Genie de Banca with them. Genie de Banca is fully automated and integrated platform for managing B2B2C offerings and takes care of all workflows, processes, communications requirements of bank, empanelled vendors and bank’s customers. This unique platform allows banks to offer a wide range of products/services to its customers at a discounted price which are pre-negotiated with bank’s vendors. Genie de Banca provides bank’s customers with a single-window to complete all stages of a purchase – from enquiry through selection of products and services to purchase with online payment. If the customer opts for financing, the entire credit rating and loan approval is processed by Genie de Banca and passed to loan management system.”

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