Torry Harris Business Solutions (THBS), an IT consultancy and services provider specializing in cloud integration, Service Oriented Architecture (SOA), and Agile delivery, recently is looking to provide cost-effective Micro-finance platforms offered to Telco customers through a Cloud-based SaaS model. The platforms use open source technology and are offered on the Cloud, thereby drastically reducing the cost of such offerings.

Shuba Sridhar, Regional Manager (Technical Services), Torry Harris Business Solutions said, “Our focus on the telecommunications vertical has enabled us to be early entrants in offering SaaS enabled Micro-finance platforms and capitalizing on the opportunity to address the needs of upcoming mobile financial service providers”.

As with every new revolution, the model has merits and challenges. She added, “The model definitely has merit, as it empowers consumers to manage their money in an accessible and cost effective manner.”