Oradian and TAB Finance join forces to boost financial inclusion in West Africa
TAB Finance, a new microfinance bank licensed by the Central Bank of the Republic of Guinea, joins Oradian’s global community of visionary financial institutions. With this strategic partnership, TAB Finance is poised to boost financial inclusion in remote, hard-to-reach communities in West Africa through Oradian’s toolset.
From its head office, branches and mobile field officers, TAB Finance serves as a resource hub from communities throughout Conakry, Guinea. TAB Finance provides financial services to smallholder farms, contractors, food vendors, private schools, mechanics and other small businesses.
Mamadou Alpha Balde, Managing Director of TAB Finance commented on TAB Finance’s collaboration with Oradian saying: "We recognised 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.”
Oradian’s cloud-based core banking system enables financial institutions to become more efficient with digital operations, make informed decisions with real-time data and grow without incremental costs. Oradian’s team works with financial institutions through each step of their digital transformation: from data migration, training and implementation, to routine check-ins and continuous improvement.
Onyeka Adibeli, Oradian’s Co-founder and Programme Director for West Africa 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 in Guinea and serve more clients.”
As of 2015, Guinea’s microfinance sector has been conducting the Project Development Objective (PDO), which supports the government of Guinea in strengthening the microfinance sector with governance and regulatory frameworks. As a leader in the microfinance industry, TAB Finance’s strategic decision to partner with Oradian will contribute to the shared effort to boost financial inclusion.