With an enormous population and a rapidly growing economy, Indonesia is primed to embrace fintech. It’s why a report from October 2021 counted as many as 322 fintech companies and 125 registered lenders. What’s driving this relative fintech boom in South East Asia’s largest economy?
Before digitalisation, the process of obtaining a loan was extremely time-consuming, causing long wait times for approvals and a negative client experience. But today, lenders are using the latest digital banking solutions to rationalise customer data, gain a holistic view over their clients, and deliver their products more efficiently than before.
Are you thinking of changing your core banking system? Choosing the right product for your bank or financial institution is a complex task. The wrong core banking system can be an expensive mistake, stifling your potential growth and making it harder to reach new users and clients – but the right platform can be a game changer. In this core banking checklist, you’ll find seventeen essential questions to ask of your prospective core banking provider.
Traditionally, core banking systems have been regarded as a lender’s main database, but there are enormous amounts of data available from across a bank’s operations. By failing to feed all this data into a single platform, banks are hobbling their customer relations and ultimately their potential growth
Cloud-based banking services enable visionary financial institutions to control their portfolios, work more efficiently, scale their business, and futureproof their organisation. The key to success is in choosing the right hosting and cloud-service providers and selecting the type of cloud that best meets your needs: a private or community cloud.
With digitalisation continuing apace across the financial services sector, high-growth lenders and the new wave of neobanks are increasingly turning to flexible and sophisticated loan management systems to give them unprecedented levels of control over their lending operations and customer lifecycles.
Southeast Asia has become a key market for digital banking. New fintechs, technology companies and incumbent banks are beginning to embrace the opportunities of online and cloud banking, helped by a young, dynamic population and a market open to innovation. Vietnam, in particular, is showing serious potential for digital banking, but what is it about this rapidly growing country that is so attractive for innovative financial solutions?
Over the last few years, digitalisation has totally transformed how banking and financial services are delivered to end users. This has created a set of strategic challenges to incumbents, as they realised their fortresses were no longer robust, but actually hindered their agility. This paper provides a broad overview of cloud-based core banking systems – what they are, how they work, and why it might be time to consider switching your own.
The cloud has become ubiquitous in our everyday lives, hosting our files, enabling our communication, and powering our banking. Even the legacy banks now realise the benefits of cloud-based core banking systems, but what are the benefits of being cloud-based?
Increased efficiency, reduced costs, and a more competitive product offering follow the full implementation of Oradian's cloud banking system at Banco Alabang.
Oradian's flexible reporting enables financial institutions stay compliant with central bank requirements.
Oradian partner Creditville triumphed at a 2021 awards ceremony, but what is the recipe for success for financial organisations like them?
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