Oradian, a financial inclusion company serving hard-to-reach communities, and the Association of Non-Bank Microfinance Institution of Nigeria (ANMFIN) have launched a strategic partnership as part of their shared mission to boost financial inclusion across Nigeria.
“We are extremely pleased to partner with Oradian,” said ANMFIN President, Princess Adesola Ogunleye, whose company represents a network of independent microfinance institutions in Nigeria.
“Together we align our shared vision and leverage the success delivered to date. The partnership will enable all of our MFIs to move to Oradian’s cloud-based solution, helping our members to save time and money through more efficient, digitised processes. We and our members are very excited to improve administrative process, reduce high operational costs and offer digital financial services across the country,” she added.
The two organisations agreed that launching their platform, dubbed ‘ANMFIN Cloud Express’ will expand the range of solutions that Oradian offers in Nigeria. ANMFIN Cloud Express is a cloud-based toolset tailored to enable smaller Nigerian microfinance institutions to benefit from a cloud-based solution.
“Nigeria was Oradian’s first market when we started Oradian six years ago and we remain committed to solving the financial inclusion challenge here,” said Oradian, Antonio Separovic.
“This partnership is a long-term partnership that is an important step towards this goal,” he added.
The partnership will enable ANMFIN to promote access to financial services for Nigerian clients on a larger scale by using ANMFIN Cloud Express, a core banking system specially built for ANMFIN and its microfinance institution (MFI) members.
According to Oradian’s Programme Director for Africa, Onyeka Adibeli, ANMFIN Cloud Express enhances MFIs’ ability to manage all operations including client relationships, transactions, portfolio management and reporting in the same way that large banks do, but at a fraction of the cost.
“We are removing the barriers that prevent MFIs from using the right technology to serve their clients and to strengthen their operations,” he concluded.