Phoenix International, a subsidiary of MC Systems, is partnering with The Jamaica Association of Microfinancing (JAMFIN) to promote financial inclusion in the Caribbean and Latin America.
The digital transformation platform will provide JAMFIN members with information and content aimed at promoting the growth of microfinance institutions and encouraging the adoption of modern financial solutions
In exchange, JAMFIN will offer industry insights and share changes and challenges facing the microfinance industry.
By sharing this information, the two organizations hope to better understand local microfinance requirements and identify opportunities for JAMFIN members to leverage Phoenix International’s digital lending solutions to improve operational efficiency and enhance the customer experience.
The partnership was formalized with the signing of a Memorandum of Understanding on Monday (March 27) in Kingston.
According to Dmitri Dawkins, commercial director of Phoenix International, the partnership presents a valuable opportunity to continue supporting financial inclusion through the use of modern banking and financial technology tools.
“As a Jamaican firm, we are familiar with the complexities of accessing and integrating financial
services and products because of compliance and regulatory requirements,” said Dawkins.
Given our extensive knowledge, we (Phoenix International) assist financial institutions with the guidance to move past obstacles, making them better able to focus on their core operations – serving their
customers,” he continued.
Dr Blossom O’Meally Nelson, chairwoman of JAMFIN, expressed her excitement about the partnership, stating that it will enhance their understanding of contemporary banking and lending goods. She anticipates a developing relationship with Phoenix International and rising demand for business enhancements within the association.
“JAMFIN is proud to be a staunch advocate for micro-finance- institutions, supporting growth and national development. Our membership comprises both new and innovative industry leaders and established companies that have been providing services to citizens of diverse socio-economic backgrounds,” said O’Meally Nelson.
“This connection with Phoenix International will assist in enhancing our understanding of contemporary banking and lending goods, and with the sharing of our own industry experiences, we anticipate a developing relationship and a rising demand for business enhancements within our association,” she continued.