Although tech-first digital lenders are already using technology to shorten the loan cycle, without interconnected systems it can still be a time-consuming process. This ultimately hinders a firm’s ability to on-board new clients and disburse loans efficiently, harming long-term growth prospects.
To stand out from the crowd, lenders need to maintain an extremely high level of speed and performance, both in terms of testing and deploying new loan products, and in terms of their existing loan workflows.
As your business grows, you need an advanced, configurable system that enables your business to seamlessly develop new products, deliver them to your clients, and expand your operations without any interruption to your business.
In emerging economies, many borrowers lack any kind of credit history, making it almost impossible for lenders to a build a reliable picture of a prospective borrower’s creditworthiness. The answer to this problem lies in alternative data.
The Nigerian regulatory authorities have been cracking down on unlicensed digital lenders as part of a broad push to boost digital lending and protect consumer rights.
One of the most common challenges faced by digital lenders is having their growth limited by resource bottlenecks. However, for many of them, the unwitting cause of their problems lies in their loan management system. But by choosing the right provider, firms can adopt a loan management system that eliminates barriers to growth rather than imposes them.
Your business has two options when it comes to finding the best core banking solution: building an on-premise system from scratch; or buying a cloud-based application from an independent provider. This exclusive paper runs down the options.
Oradian's large team in Manila is what sets us apart from some of our competitors in the Philippines. To understand more about how we use our local knowledge to better serve our customers in the Philippines, we spoke to some of our Manila colleagues.
Choosing the wrong core banking system can have a profound negative impact on your financial institution’s long-term growth by failing to provide you with the kind of services you really need to help you scale your business.
What are the secrets of the Philippines’ fastest growing financial institutions? What is it that sets them apart from the competition? We’ve spoken to dozens of leading organisations to find the answer.
Whether you’ve only just partnered up with your core banking system provider, or you’ve been using their technology for a while, there’s no bad time to change if the business case is right. But how do you know if it’s your business that isn’t using your core system to your full advantage, or whether you’re just not the match made in heaven you once thought?
If you are yet to adopt a cloud-based core banking system, you’re in danger of being left behind. The cloud is secure, fast, and flexible, and hesitating on adopting a cloud-based core banking system means you’re missing out on the kind of growth your competitors are already seeing.
Come and see the future with us. Talk to one of our core banking experts.
