FIS Empowers Payments and Banking Technology for RGVN (North East) Microfinance’s Small Finance Bank


Innovation, speed, quality of service and a focus on financial inclusion have made FIS™ (NYSE: FIS), a global leader in financial services technology, the payments and banking provider of choice for financial institutions across India.


RGVN (North East) Microfinance Ltd. has chosen FIS to empower the creation of its small finance bank . Focused on financial access to the northeastern region of India, RGVN will use FIS’ outsourced banking and payments platform – from core banking to FIS’ complete payments suite – to meet its goal of serving 500,000 clients by 2017.


“New ventures, intended to serve the needs of a large population that has been previously overlooked, these financial institutions needed to focus their efforts on meeting customer needs, without the distractions of owning and running technology operations,” said Shrihari Bhat, Group Managing Director, APAC, FIS. “We’re proud that FIS’ proven solutions continue to support financial inclusion across India.”


“RGVN has strong growth goals as we look to assist as many people as possible in improving their financial states,” said MsRupaliKalita Managing Director, RGVN (North East) Microfinance. “FIS offered us a proven ability to support fast development and growth, with top-quality technology.”


FIS has been selected by a series of financial institutions as they seek to embrace the Reserve Bank of India’s (RBI) efforts to support financial inclusion by increasing access to people across India. Bringing payments and banking services to hundreds of millions of unbanked requires efficiency in operations and the ability to grow quickly.


The consistency of FIS’ support, combined with its extensive capabilities, earned it Best Tech Brand in Banking & Financial Services by the Economic Times, earlier this year. FIS also took home more awards than any other company at this year’s BPO Excellence Awards.