Firm Lists Strategies to Boost Financial Inclusion in Emerging Markets

Raheem Akingbolu

Financial institutions in the emerging markets across the world can successfully weather the storm of their operations and record growth if the right tools are made available, the Chief Executive Officer and co-Founder of Orandian,  Antonio Separovic, has stated.

Separovic, who led a conversation at a media parley in Lagos recently, as part of the “Oradian Core Banking Summit: The Future Is Now”, reeled out the company’s mission to transform financial inclusion across Africa and Southeast Asia.

Though the CEO admitted that the place of technology in the financial sector cannot be undermined, he pointed out that having the right technology on its own doesn’t automatically mean that everything is fixed, adding that the right technology is one of the enablers of financial inclusion. 

To this end, he pointed out that the foundation of financial inclusion lies in providing the right tools that empower individuals and communities while enabling financial institutions to thrive. 

According to him, a good financial inclusion regime will enable individuals and businesses to have access to financial products and services like savings, loans, easy payment systems and insurance.

To enable financial institutions to work better and grow, he said Oradian, a global core banking platform and SaaS provider has created innovative banking software which assists to solve problems that are from the ground up.

The CEO, who stated that Oradian focuses on emerging markets, said the company has over 55 financial institutions – banks, microfinance, digital banks, all in 13 different countries in Africa and Southeast Asia, with a deep understanding of what the targeted financial institutions needed.

According to him, being a cloud system means that “we provide the software as well as the infrastructure. As a bank, all you need is an Internet connection to be able to use this tool.

“This tool enables financial institutions to keep track of their clients, keep track of loans, deposits, do reporting and assist in the end of day process. Basically it’s the operating system of a bank. We have all the modules that you need to be able to run and operate the bank. The entire infrastructure, the back end, the servers, the hosting, data recovery, all of this is part of the service. Again all packaged under one subscription,” Separovic said.