Algeria, November 26, 2018

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West African Lender, TAB Finance Joins Forces with Financial Inclusion Firm, Oradian to Alleviate Poverty in Guinea

TAB Finance, a new microfinance bank licensed by the Central Bank of the Republic of Guinea, has announced plans to work with financial inclusion company, Oradianin, in a bid to alleviate poverty across the region.

As part of the agreement, TAB will partner with Oradian’s global community of visionary financial institutions.

Oradian is expanding its presence in West Africa, having already announced similar partnerships in Nigeria earlier this year. The latest partnership has ensured that TAB Finance is now enabled to boost financial inclusion in remote, hard-to-reach communities.

Microfinance institutions in frontier markets across West Africa are advancing legacy systems and deciding to implement solutions that provide world-class best practices.

Oradian believes that digitalisation is increasingly important because it offers fintech providers such as mobile money apps the capacity to integrate with core banking systems. With its cloud-based solution, Oradian is driving the digitalisation of its customers so that they can offer their services to the unbanked more efficiently.

Cloud computing refers to storing and accessing data and programs over the Internet instead of your computer’s hard drive. Simply put, the cloud is just a metaphor for the Internet.

Oradian’s cloud-based core banking system enables financial institutions in West Africa to become more efficient with digital operations, make informed decisions and grow without incremental costs. With cloud banking technology, microfinance institutions are able to increase the number of clients they can service, expand their rural reach and further drive financial inclusion.

“We recognised that Oradian provides cloud-based solutions relevant to the operations of our financial institution,” commented Mamadou Alpha Balde, Managing Director of TAB Finance.

“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,” Balde continued.

Oradian’s teams based in Lagos, Nigeria and Accra, Ghana work with financial institutions through each step of their digital transformation: from data migration, training and implementation, to routine check-ins and continuous improvement. The deal comes at a time when Cloud banking is eliminating manual processes and automating reporting, which enables financial institutions to access the live data they need to control their portfolios.

“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,” Onyeka Adibeli, Oradian’s Co-founder and Programme Director for Africa said following the announcement.

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