But what many don’t anticipate is the long-term burden that comes with building in-house: resource shortages, unhappy engineers, and an overwhelming focus on system maintenance instead of customer-centric innovation.
For a detailed guide on making the right choice for your institution, download our whitepaper: Build or Buy: How to Find the Best Core Banking Solution.
The hidden cost of building in-house
When financial institutions decide to build their own core banking system, they often find themselves trapped in an ongoing cycle of maintenance and firefighting. Instead of focusing on innovation, their top engineers are occupied with ensuring the system stays operational, updating legacy components, and troubleshooting issues that should never have been their problem in the first place.
The result? Slower time-to-market for new financial products, operational inefficiencies, and a frustrated tech team bogged down by tasks that don’t contribute to business growth.
Too many financial institutions underestimate the impact of these bottlenecks. When tech teams are focused on internal systems rather than customer-facing innovation, the entire organisation suffers. Time and resources that could be spent on enhancing the customer journey, developing new revenue streams, or optimising digital lending products are instead dedicated to maintaining infrastructure.
How Oradian eliminates resource bottlenecks
Oradian provides an out-of-the-box, API-first core banking solution designed to remove the burdens of infrastructure maintenance. With Oradian, financial institutions gain:
- A ready-to-use core banking platform – No need to build from scratch. Our system is designed to integrate seamlessly, enabling financial institutions to focus on delivering value to their customers.
- Scalability without the headache – As your business grows, Oradian scales with you. We handle system maintenance, infrastructure upgrades, and compliance updates, so you don’t have to divert resources from strategic initiatives.
- Extendability through APIs and Custom Code – Unlike rigid SaaS systems, Oradian offers the flexibility to adapt and extend capabilities with APIs and our unique Custom Code functionality, empowering you to innovate without the complexity of managing core infrastructure.
- A business partner, not just a technology provider – We take on the heavy lifting of maintaining and upgrading the system, ensuring security, compliance, and performance so your team can concentrate on what truly differentiates your business.
As George Chesakov, CEO of Salmon, puts it: “Oradian is the technical business partner we need who can keep pace with us technically to enable us to pivot quickly when needed to adapt to market changes. Their commitment to continuous innovation and deep tech was the deciding factor for us. Oradian shares our values and our ambitions and can help us power our growth and continue delivering financial services at scale.”
Free your team to focus on growth
By choosing Oradian, financial institutions can shift their resources from system maintenance to activities that drive revenue and improve customer experience. Instead of engineers struggling with infrastructure challenges, they can focus on developing new digital products, enhancing lending workflows, and optimising operations.
Rather than being limited by the constraints of an in-house system, financial institutions that leverage Oradian gain the freedom to scale faster, innovate with confidence, and remove the bottlenecks that hinder long-term growth.
As Rajan Uttamchandani, CEO of Esquire Financing, explains: “With technology you’re able to scale faster without having to roll out additional branches, so I think the investment in technology isn’t a cost-saving strategy, but a scale-maximisation strategy. When we’re thinking about the investment in technology, we’re not thinking about the cheaper solution but about which solution will help us to grow the fastest.”
The right choice for the future
Building an in-house core banking system may seem like an attractive option initially, but the reality is that it diverts valuable resources away from customer-facing innovation. Oradian’s platform removes the constraints of infrastructure maintenance, providing a flexible, scalable, and future-proof solution.
If your team is bogged down by system maintenance rather than business growth, it’s time to rethink your approach. Choose a core banking platform that allows you to scale efficiently and focus on what truly matters—your customers and your business success.
