FINACO SYSTEMS LIMITED

FINACO Technology Platform provides aggregated data management and innovative technology services to combat fraud, enhance KYC and improve risk management in the informal financial services sector... The Informal Financial services sector typically account for more than 75% of finance and credit facilities in rural areas in developing and emerging economies in Africa and across the world in general. Among the 17 Sustainable Development Goals (SDGs) adopted by the United Nations in 2015, Poverty reduction is not only the foremost goal but one that is strategic and crucial to the achievement of the other goals. Several studies have established that the informal financial services sector is key to the achievement and actualization of the sustainable goal of poverty reduction in developing and emerging economies in Africa and across the world. However the informal financial services sector is plagued by several challenges such as information asymmetry, poor risk management, fraud and low..