In 2023, almost all financial services can be accessed using a smartphone. In industrialised economies, this has simply become habit, but are financial institutions serving the growing demand for tech-first solutions in emerging markets?
In emerging markets, regulators consider digital lenders and neobanks a key vector for reaching underserved rural communities, because the technology they use allows them to circumvent the limits posed by infrastructure.
Esquire Financing Inc. is the undisputed leader in growth-stage financing in the Philippines. We spoke to CEO Rajan Uttamchandani about how Esquire’s journey began, and how it hopes to leverage Oradian’s system to take its business to the next level.
The leader in growth stage financing across the Philippines, Esquire Financing Inc., has adopted Oradian’s advanced cloud-native core banking system to realise its ambitions for MSMEs across the Philippines.
Generative AI is widely forecast to be the “next big thing” in just about every industry. How transformative it will be is yet to be seen, but for core banking there are already a number of important use cases.
Maintaining a continuous service doesn’t just allow you to perform your core business without interruption: it also builds trust with your customers and gives you a reputation for reliability. Oradian supports business continuity by protecting against major disruptions such as cyberattacks, natural disasters, and supply failures.
At a recent event in Lagos, Oradian’s CEO and Co-founder Antonio Separovic caught up with Henry Obiekea, Managing Director of FairMoney, and Richard Rotoye, Managing Director of Creditville, to discuss their journeys to success.
Digital finance is exploding in the Philippines. Customers are demanding instant, accessible, flexible loan products, and many of these people are from underserved, rural communities.
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 core banking 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.
Come and see the future with us. Talk to one of our core banking experts.