Ora­dian in­tro­duces cloud-based tool to fi­nan­cial in­sti­tu­tions

The Punch - - INFORMATION TECHNOLOGY -

ORA­DIAN, a fi­nan­cial in­clu­sion com­pany, has de­ployed a dig­i­tal tool in mi­cro­fi­nance in­sti­tu­tions and co­op­er­a­tive so­ci­eties in West Africa to fa­cil­i­tate fi­nan­cial in­clu­sion.

The chief Ex­ec­u­tive Of­fi­cer, Ora­dian, An­to­nio Separovic, said the

com­pany’s cloud-based tool had the po­ten­tial to grow fi­nan­cial in­sti­tu­tions by more than 30 per cent an­nu­ally, while speak­ing at a net­work­ing din­ner or­gan­ised by the firm in La­gos.

Ad­dress­ing guests at the event that in­cluded other

stake­hold­ers from the me­dia and In­for­ma­tion and com­mu­ni­ca­tion Tech­nol­ogy sec­tor, Separovic af­firmed that the CBS In­stafin en­abled fi­nan­cial in­sti­tu­tions to elim­i­nate man­ual, pen and pa­per pro­cesses and move to digi­tised op­er­a­tions.

By re­duc­ing the time

spent on ad­min­is­tra­tion through digi­ti­sa­tion, he said fi­nan­cial in­sti­tu­tions had more time to fo­cus on their core com­pe­tency, de­liv­er­ing fi­nan­cial ser­vices to clients in their com­mu­ni­ties.

He added that as part of the process to min­imise in­ef­fi­cien­cies, In­stafin would re­duce high op­er­a­tional costs through au­to­matic re­port­ing that could re­place time-con­sum­ing month-end re­port­ing pro­cesses.

The CEO high­lighted sev­eral other tools for such dig­i­tal trans­for­ma­tion such as In­stafin mes­sag­ing, au­to­matic up­dates, max­i­mum data se­cu­rity, train­ing and im­ple­men­ta­tion — in­clud­ing data mi­gra­tion from their pre­vi­ous CBS or from spread­sheets.

The co-founder and Pro­gramme Di­rec­tor for Africa, Ora­dian, Mr. Onyeka Adi­beli, added that fi­nan­cial in­sti­tu­tions on the In­stafin plat­form could of­fer time­based loans on a weekly, monthly or yearly ba­sis.

He added that the sys­tem was not cus­tomised in a bid to en­sure that ev­ery en­tity could con­fig­ure their prod­ucts to suit their clients.

•L-R: Act­ing Chief Ex­ec­u­tive Of­fi­cer, Dan­gote Ce­ment Plc, Mr. Joseph Makoju; for­mer Com­mon­wealth Sec­re­tary Gen­eral, Chief Emeka Anyaoku; Sokoto State Gover­nor, Aminu Tam­buwal; Chair­man, Fidelity Bank/di­rec­tor, Dan­gote Ce­ment, Ernest Ebi; his wife,...

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