VisionFund microfinance announces implementing a new Core Banking System
VisionFund Microfinance has inaugurated the use of the Core Banking System as an institution in a program held at Skylight Hotel where various invited institutions were present.Mr. Taye Chimdesa, Chief Executive Officer of VisionFund Microfinance, delivered a welcome message to the invited guests; and stated that VisionFund Microfinance has connected all its branches through the Core Banking System. The CEO said that the institution’s ability to implement the Core Banking System is to lay the foundation for the future digital banking service.In addition, VisionFund Microfinance Board Chairperson Ms. Eleni Mergia gave a speech that the institution is playing an irreplaceable role in improving the lives of women and children by benefiting the rural community that does not have access to banking services. As it is an institution that has achieved real growth in terms of customer size and access, the board members discussed with the management and decided to implement the latest technology at the institution level and started work and implemented the Core Banking System with internal capacity, she said. Mr. Teshome Kebede, Managing Director of the Ethiopian Microfinance Association, said that the implementation of the Core Banking System by VisionFund Microfinance is an indication of the level of financial institutions that have reached with the use of technology.Finally, recognition awards and certificates were presented to the employees and departments who contributed to the implementation of the Core Banking System.