Open Source Microfinance Banking Solution
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HP today announced the global release of an open source microfinance solution that is designed to change the way millions of people in the developing world access credit. The solution is being made available to developers – with no license fee – through a source code license or as user license executable code. This enables all players in the industry, especially smaller microlenders without the resources to obtain sophisticated software, to benefit from the core technology that was developed and tested by the consortium.
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