Banking,Financial services and Insurance(BFSI) is broad Industry term used for Various Banking Services like core banking,retail,private,Corporate,Investments, Financial Services Include Stock Broking,Mutual funds,Payment gate ways etc and Insurance services.

The aim of penetrating the banking services to the rural areas , needs technology intervention to provide best and fast services to the Customers. To strive these technological transformations in the domain leads to various requirements in terms of Infrastructure development,Communication systems,mobility, Centralization and interoperable systems.

Technology helps the bankers to reach the new markets and offering niche solutions by fulfilling the major challenges includes data security,Transaction time,Network uptime,Maintenance and Turnaround time.

BFSI Domains

Situation Analysis

There is large customer base untapped in rural areas to avail the banking services like Cash deposits,Withdrawals .etc.To avail the banking services they need to travel long distances to visit the branch of a bank. Hence the govt initiated a concept called Financial Inclusion(FI) to tap the liquid cash available in rural areas by providing best services through the Micro ATM concept

Major challenges Includes

  • Infrastructure Development-Brick & Mortar branches
  • Capital Investment
  • Connectivity Issues
  • Money security
  • Resource availability
  • Operational and Maintenance cost
  • High Illiteracy rate and less exposure

High Level Solution

To have better ROI by reducing the Operational & Maintenance cost and the best beneficiary authentication methods using Aadhaar Enabled Visiontek POS(Micro-ATM) with Inbuilt Finger Print scanner,Smart card reader,Printer,GSM/GPRS,GPS can be utilized for the banking transactions at customer door step with a receipt.

Our devices are designed as a powerful and user friendly open source platform. This enables solution provider to offer banking friendly solutions.

Bottom line

With the ease of mobility using Micro ATM's enables the bankers to provide banking services at Customer door steps with less/No investment on physical brick & Mortar branches as well as saving on Operational cost.

Related Applications

Micro Finance Application

Micro Finance Application

"Microfinance" is often defined as financialmore
Case Study
NBFC - EMI Collection Management Solution

NBFC - EMI Collection

NBFC's are a broad category of financial institutionsmore
Case Study
Micro ATM & Financial Inclusion

Micro ATM & Financial Inclusion

Installing ATMs in rural areas is unviable for banks due to themore
Case Study
Chit Fund Collection Application

Chit Fund Collection Application

A chit fund company in India has decided to cut down the resourcesmore
Case Study
Cash Management Services Provider - CMS

Cash Management Services Provider

Shopping Malls, Schools, Jewellery Storesmore
Case Study


  • No Physical branch Infrastructure
  • Better Revenue realization from small token transactions
  • Consume less time than pure cash based transactions
  • High level of Transparency
  • Data visibility at all levels with administrative controls
  • Easy to maintain, fast, and fool proof
  • Efficient tackling of last mile operational issues
  • Increased and improved customer reach
  • Low cost of ownership, and overhead costs
  • Minimize administrative and transaction cost
  • Online process prevents mismanagement on the field
  • Print receipt for beneficiary with transaction details
  • Secure transactions using biometric authentication
  • Supports both online and offline transactions
  • Track the field executive activity using GPS&GPRS