Value of cloud tech­nol­ogy un­der­lined at the 2018 MCPI An­nual Con­fer­ence

Manila Bulletin - - Business Tech -

The im­por­tance of Ora­dian’s cloud-based toolset was brought to the fore once again as mi­cro­fi­nance NGOS, banks and co­op­er­a­tives, fun­ders, donors, gov­ern­ment in­sti­tu­tions and other de­vel­op­men­tal or­ga­ni­za­tions con­verged for the 2018 Mi­cro­fi­nance Coun­cil of the Philip­pines An­nual Con­fer­ence held re­cently at the Cen­tury Park Ho­tel in Manila.

This year’s theme was Go­ing Back to Ba­sics, which dis­cussed the changes in mi­cro­fi­nance in­dus­try in the Philip­pines and how a client-re­spon­sive ap­proach to de­liv­ery of ser­vices could bet­ter meet the needs of poor and low­in­come house­holds.

In his talk, Ora­dian’sMati­jaKa­raula, Man­ag­ing Di­rec­tor for Asia, ex­plained that their goal for the Philip­pines, just like in Nige­ria and other coun­tries where they have been op­er­at­ing since 2012, is to help mi­cro­fi­nance in­sti­tu­tions, as well as co­op­er­a­tives and ru­ral banks give bet­ter ser­vice to their cus­tomers.

In pro­vid­ing them ac­cess to their cloud-based plat­form, Ora­dian pro­vides clients real time ac­cess to in­for­ma­tion so they can man­age and con­trol their port­fo­lio. Ka­raula ex­plains: “Data read­ily pro­vided by our cloud-based tech­nol­ogy makes it eas­ier for clients to make sound and swift de­ci­sions. What we want is for them to im­prove the tech­nol­ogy they are us­ing so they max­i­mize that data and make sure they don’t go to waste”.

He also un­der­lines how flex­i­ble and scal­able their sys­tem is as it can ac­com­mo­date the re­quire­ments of one co­op­er­a­tive unit, a bank of more than fifty branches and MFI’s with three hun­dred branches- si­mul­ta­ne­ously. Ba­si­cally, this means no con­sul­ta­tion, no man­ual con­sol­i­da­tion of re­ports and real time edit­ing. He fur­ther notes: “The proper use of our tech­nol­ogy re­duces from ten to thirty per­cent the to­tal op­er­a­tion costs of our mar­kets- and this can mean mil­lions of pe­sos in sav­ings per year”.

Ka­raula’s talk on Ora­dian’s toolset dur­ing the fo­rum was deemed timely as other high-pro­file speak­ers un­der­lined the rel­e­vance of dig­i­ti­za­tion in the fi­nan­cial in­dus­try. Pia Ro­man Tayag of the BangkoSen­tral ng Pilip­inas delved into the topic “Ex­pand­ing Reach Through Dig­i­tal Fi­nan­cial In­clu­sion” while Atty. Ivy Grace Vil­la­soto of the Na­tional Pri­vacy Com­mis­sion dis­cussed Un­der­stand­ing Data Pri­vacy for Fi­nan­cial In­sti­tu­tions.

Newspapers in English

Newspapers from Philippines

© PressReader. All rights reserved.