Star Knowledge Announces MF Core Micro Finance Solution 2.0

Online, November 5, 2010 (Newswire.com) - Star Knowledge Technology Alliance Team LLC, a global software and solution services provider announced the availability of MF Core Micro Finance Software Solution 2.0 for implementation and deployment worldwide.

The MF Core Solution 2.0 is a modern and reliable Microsoft-based .NET micro financing solution that enables MFI providers to reach out to their markets with a micro finance solution that is easy to implement, inexpensive versus competing solutions, user-friendly, yet capable to scale-up to support rapid growth of customers and quickly expand the range of new and innovative products and services. The solution features comprehensive CRM, deposit and lending, accounting and GL, and reporting and business intelligence functions and capabilities that support micro finance best practices.

"According to current McKinsey & Company intelligence, in excess of 2.5 billion or a third of the world's population does not currently use banks or micro finance institutions (MFIs). These numbers clearly represent significant opportunities for domestic financial providers to offer an innovative range of high-quality, affordable micro finance products and services supported by Star Knowledge's MF Core Micro Finance Solution 2.0 and their professional and quality-focused technical and business consulting team." stated Kevin M. O'Sullivan, Chairman at Star Knowledge.

The Star Knowledge MF Core Solution 2.0 is currently implemented and used to support micro finance activities by about 350,000 end users at an array of leading financial services organizations.

Kalpesh V. Mehta, President and CEO of Star Knowledge stated, "Technology is playing an important role in achieving the goal of making financial services available to underprivileged people and people living in remote or low populated areas. The current mobile and wireless technologies are providing micro finance consumers with potential to proactively engage their financial providers virtually without the need for physical contact. The Star Knowledge MF Core Micro Finance Solution 2.0 supports the high velocity of technology change with inclusion of advanced ATM, POS, Internet, and mobile technical capabilities enabling a high quality, productive and secure micro finance touch point experience."