Manila Bulletin

Value of cloud technology underlined at the 2018 MCPI Annual Conference


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.

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