TechInAfrica – A Central Bank-licensed microfinance bank, TAB Finance has announced a partnership with Oradian to encourage financial inclusion in underserved and remote areas on the region through Oradian’s toolset.
Most of the microfinance institutions within West Africa have attempted to advance and adopt world-class-based solutions to their systems. They believe that digitalization is major because it helps to integrate them with the core banking system.
Oradian’s toolset—cloud-based core banking system—allows West African banks to operate more efficient systems through the use of digital technologies. Furthermore, the cloud banking technology enables microfinance institutions to add up more customers to serve, especially in rural areas and generate financial inclusion.
The Managing Director of TAB Finance, Mamadou Alpha Balde, expressed his feelings towards the partnership with Oradian. He said: “We recognized that Oradian provides cloud-based solutions relevant to the operations of our financial institution. We chose Oradian as TAB Finance’s digital strategy partner because Oradian is experienced across African markets, offers global best practice and shares our mission. We look forward to increasing operational efficiencies and enhancing our security.”
Meanwhile, the Oradian’s Co-Founder and Program Director for Africa, Onyeka Adibeli, said: “In TAB Finance and their visionary leaders, we found mission-aligned partners who are committed to financial inclusion. With Oradian and initiatives from local government, TAB Finance will be enabled to overcome some of the major challenges of the microfinance sector and serve more clients across West Africa.”