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.
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.
Whether you are considering developing a core banking system in-house or partnering with a technology provider, this concise, five-minute guide is designed to assist you in making an informed decision for your business.
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.