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.
A narrow focus on cost effectiveness, value for money, or a business-critical feature may come at the expense of implementation. But this may cause major problems down the road as you realise a provider’s implementation process is simply not up to scratch, leaving you with a whole host of extra expenses.
Oradian isn’t just a core banking system, it’s also a network of customers from all over Nigeria. This community helps us refine and tailor our product to meet these needs, and in doing so, we can pass on improvements, adjustments, and new features to our entire network of companies.
What's in store for 2023? We've identified some of the winners and losers of 2022, and some of the key trends for the year ahead, from new ways of paying to the regulations set to impact financial institutions.
Many firms are taken in by the allure of the bargain. But are financial institutions actually losing money by investing in a core banking system that seems too good to be true?
Studies repeatedly show working long hours is actually detrimental to employee productivity. But it can be hard to reduce these hours while growing your business without hiring more staff, that is unless you make your business’s core processes faster, more efficient and data-driven.
Oradian takes enormous pride in our agile, full-service implementation. That’s why our implementation takes months rather than years, with our product ready-to-go from day one. That means you can complete your journey to the cloud with minimal disruption to your day-to-day business.
Come and see the future with us. Talk to one of our core banking experts.
