Oradian Takes Financial Inclusion Innovation to 18th Microcredit Summit

Oradian showcases its innovative financial inclusion application to around 700 people from around the world who are gathering March 14-17, 2016, in Abu Dhabi, for a 4-day Microsoft Summit.

High-level government officials, global development leaders, and others will look at financial inclusion and microfinance services that reach the most vulnerable and marginalized and help improve their lives.

Antonio Separovic from Oradian spoke at the “Innovative Products and Services for Financial Inclusion” panel at the 18th Microcredit Summit where he discussed how innovation in technology is enabling ‪financial inclusion and shared our experience on succeeding in some of the most challenging frontier markets in Africa.

The 18th Microcredit Summit is the biggest gathering for global policy makers and microfinance experts to explore how they can capitalize on the natural synergies between different sectors to contribute to the success of the Universal Financial Access 2020 goal, the World Bank 2030 goals, and the U.N. Global Goals.

Frontier Innovations in Financial Inclusion

“Frontier Innovations in Financial Inclusion” is the topic of this year’s summit, organised by Microcredit Summit Campaign in partnership with the Arab Gulf Programme for Development (AGFUND) and the Khalifa Fund for Enterprise Development.

Microcredit Summit Campaign’s conferences are the largest ‪microfinance gatherings in the world, which assemble a full range of those active in the field of microfinance including practitioners, advocates, investors, UN agencies, donors, domestic government agencies, and many more.

The Summit agenda will engage participants and delegates in a thoughtful discussion around practices and policies that promote outreach, put clients at the center, and accelerate social change. The focus of discussions will be on microfinance services and financial inclusion strategies that promote inclusive, sustainable economic growth and social empowerment that help improve the lives of those at the bottom of the socio-economic pyramid.

Oradian presented its impact on microfinance community in West Africa

The 18th Microcredit Summit features successes in Africa and the Middle East, especially the growth of mobile money accounts and experimentations in sub-Saharan Africa.

One of those success stories is certainly that of Oradian and we are happy Microcredit Summit recognised the impact of our work in West Africa, where by using our latest cloud-based technology, services and domain expertise, we increase efficiency and effectiveness of financial intermediaries.

“We are honoured we have been invited to share our experience on empowering microfinance communities in some of the most remote rural areas in Nigeria – our core market, where we have had impressive results with local MFIs in applying our multi-award winning software Instafin to their operations.

“Poverty is not created by poor people; it is created by the system we have built”

This is probably one of the most powerful quotes used to describe the importance of microfinance and its role in empowering microcredit users – people at the bottom of the socio-economic pyramid. People behind these words – Muhammad Yunus, founder of the Grameen Bank, Nobel Peace Laureate, and by many – the father of microcredit is one of the key influencers who spoke at the summit’s opening ceremony, next to queen Sofia of Spain, Prince Talal bin Abdulaziz Al Saud of Saudi Arabia, S.E. Hussain J. Al Nowais, and Larry Reed, director of the Microcredit Summit Campaign.

“The strength of microfinance is in creating linkages among key influencers in the development and financial inclusion ecosystem in order to better ensure that a full range of microfinance products and services reach those who are socially and financially excluded,” said Larry Reed, director of the Microcredit Summit Campaign. “This Summit will guide the discussions on how we can expand the frontiers of financial inclusion to create shared solutions for social change.”

Oradian is a dedicated and passionate team of technologists, financial experts and economic development specialists who have developed Instafin, the multi- award winning core-banking platform enabling financial inclusion.

With a focus on West Africa, Oradian’s Instafin solves the very real challenges facing financial service providers at the base of the socio-economic pyramid.

Instafin digitally connects financial institutions and individuals at the base of the pyramid with each other and the global economy. Using the latest cloud-based technology, services and domain expertise, Oradian increases efficiency and effectiveness of financial intermediaries. For more on Oradian, visit oradian.com.