Software used by PH rural banks, coops bags European tech award

A global technology company and its software that is used by rural banks, cooperatives, and microfinance institutions in the Philippines recently earned the ‘Most Innovative Banking Software’ award from the European FinTech Awards (EFTA) competition held in Brussels, Belgium.

Oradian’s cloud-based banking software Instafin wins the award for Europe’s ‘Most Innovative Banking Software’ after co-founder Julian Oehrlein’s (C) performance in the pitch competition against Europe’s most prospective technology companies.

Oradian’s cloud-based banking software Instafin wins the award for Europe’s ‘Most Innovative Banking Software’ after co-founder Julian Oehrlein’s (center) performance in the pitch competition against Europe’s most prospective technology companies

Global technology provider Oradian and its flagship cloud-based banking software, Instafin, was recognized by EFTA, a prestigious annual event that pays tribute to financial technology companies that are reshaping the financial services and microfinance industries.

The annual event brings stakeholders, tech experts and academics from across the globe to evaluate and recognize the most effective solutions in the financial inclusion sector.

Oradian’s first-place ranking in the EFTA competition is a result of its impact in driving financial inclusion and delivering business benefits to financial institutions in the Philippines through Instafin.

“This is a great chance for Oradian to show how we are using fintech and applying some of the industry’s greatest minds to make an impact in financial inclusion. Microfinance institutions in the Philippines and around the world are using our software to reach millions, many of whom live on less than two dollars per day,” said Oradian’s co-founder Julian Oehrlein.

Oradian entered the Philippine market in 2016 with bold financial inclusion targets by connecting underserved clients to financial services and the digital economy.

Instafin, which is the world’s first digital management information system (MIS) specially designed for microfinance, is enabling all 20 of Oradian’s partner institutions in the Philippines to manage their day-to-day operations more efficiently and serve more clients effectively and affordably. In total, Oradian’s community of partners is serving 750,000 end-clients in the Philippines in urban areas and hard-to-reach, so called ‘unbankable’ rural regions.

Oradian provides a specially designed cloud banking software for marginalized and excluded financial institutions that are ready to scale up to serve mass markets of underserved clients. Oradian’s SaaS solution enables financial institutions to know and control their portfolios, so that they can become more efficient, access real-time data, and turn stagnancy into growth. Oradian is headquartered in Zagreb, Croatia with specialist teams in the Philippines and Nigeria.

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