Kamwokya-based FutureLink Technologies last week launched the first-ever Sacco Industry Dashboard and Credit Score in Uganda.
The automated dashboard enables a Sacco or microfinance Institution to perfect its growth strategies and create new relevant financial products, by leveraging real-time comparative data from the industry.
On the other hand, the Sacco Credit Score is a tool developed to facilitate quick lending decision-making for Saccos and microfinance institutions.
Speaking at the launch ceremony on May 24 at the Grand Global hotel in Makerere, the founder and chief executive officer of FutureLink Technologies, Vincent Tumwijukye stated: “The Sacco Industry dashboard will accelerate the creation of more relevant and affordable financial services for our people, promote fair pricing, and build a sustainable and inclusive financial system in Uganda”
Richard Byarugaba, the executive director finance, Bank of Uganda, said; “I have learnt that the Sacco dashboard enables real-time industry comparison while preserving the data privacy and integrity of each institution and individual. Bank of Uganda supports such innovations that stimulate access and usage of formal financial services.”
On her part, the executive director of Uganda Microfinance Regulatory Authority (UMRA) Dr Edith Namugga Tusuubira praised FutureLink Technologies for its commitment to drive the creation of more relevant and affordable financial services.
ABOUT FUTURELINK TECHNOLOGIES
FutureLink Technologies is a community-driven marketplace for financial services that enables the unbanked and underserved customers to access and choose relevant and affordable financial services provided by a growing network of Saccos and microfinance institutions on the Msacco platform.
