FINCA Partners With Thought Machine to Launch Next-Generation Operating Platform to Accelerate Financial Inclusion in Africa

FINCA, a global leader in inclusive finance, has partnered with Thought Machine, the next-generation banking technology company, to launch “361 by FINCA”, a transformative operating platform to scale financial inclusion, beginning in Africa.

To date, financial services providers (FSPs) have struggled to support the financial wellbeing of low-income customers, largely due to rigid, poorly tailored products and cumbersome loan assessment and enrollment processes. “361 by FINCA” is a first-of-a-kind platform powered by Vault Core, introducing new levels of configurability and efficiency previously unattainable for many FSPs in emerging markets. With Vault Core’s real-time architecture and API-first design, FINCA will be able to deliver flexible, integrated financial products tailored to help low-income customers invest in opportunities, build financial resilience, and access streamlined, automated loan assessments and renewals.