The microfinance institution HES Finances, a subsidiary of the Master Financial Group (MFG), has acquired the CapitalBanker MFI microfinance management solution from the software provider Capital Banking Solutions.
In order to accelerate its growth and digitize its microfinance activities, HES Finances will now rely on the following solutions:
- CapitalBanker MFI
- Regulatory module
- Scoring solution
- Client Mobile App
- Client Agent App
Within three months, HES Finances will have a “complete, secure, customizable, and scalable solution fully aligned with WAEMU regulatory standards.”
Their teams are pleased to support HES Finances in this journey, contributing to the fight “against poverty by advancing financial inclusion.”
CapitalBanker MFI, A digital, scalable, and innovative platform “serving financial inclusion.”
CapitalBanker MFI is a platform tailored to “meet the specific needs of microfinance institutions.”
The solution offers management of banking operations, “including customer accounts, loans, and deposits, while integrating compliance modules, regulatory reporting, and scoring tools.”
Its architecture allows for “adaptation to local regulatory frameworks and the evolving needs of financial institutions, making it a powerful catalyst for digital transformation.”
As noted in the update, Master Financial Group (MFG) is an investment company dedicated to “acquiring stakes in companies within the financial sector.”
Its core areas of activity include “microfinance, microinsurance, banking, investment banking, as well as Islamic banking and insurance.”
Founded in 2023 by former senior executives from banks and insurance firms (BNP Paribas, Société Générale, Banque Centrale Populaire of Morocco, AFG Group, Mazars, etc.), MFG aims to effectively “address the shortcomings of the regional banking and financial sector.”
The group seeks to establish itself as a “universal financial institution through the upcoming rollout of an extensive network of microfinance institutions and microinsurance companies.”
According to Mamadou DIARRASSOUBA, Chairman of the Board of Directors, the choice of the CapitalBanker banking software—used “by most major Ivorian banks—reflects MFG’s forward-looking ambitions.”
This decision will allow the group to “offer new service solutions fully geared toward a phygital approach, while delivering exceptional operational efficiency.”
For over 25 years, Capital Banking Solutions has been “developing and integrating banking solutions tailored to international banks.”
Leveraging expertise, experience, and research and development efforts, they offer a “range of products to address the needs and challenges of the banking market and our 200 banking and financial institution clients.”
They claim to be leaders in universal banking, retail banking, corporate banking, private banking, Islamic banking, microfinance, neo-banks, family offices, and asset management and brokerage companies.
Their software solutions are “open architecture, modular, and available on both cloud and on-premise platforms.”
With 400 employees based in France, Switzerland, Dubai, and other regions, they aim to ensure seamless “product support, services, and a close relationship with all our clients.”