Transitioning from Tradition to Expansion: Oradian Accomplishes 3-Month Core Banking Transformation for Esquire

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Esquire Financing, one of the Philippines' largest non-bank financial institutions, has undergone a significant transformation in its core banking system, thanks to its partnership with Oradian.

The partnership, driven by trust, openness, and shared goals, has seen Esquire triple its loan portfolio in under 2.5 years since implementing Oradian's Instafin. Antonio Separovic, Co-founder & CEO of Oradian, emphasised that Esquire trusts Oradian with technology and has scaled quickly due to real-time data, integrations, and faster approvals.

The digitalization journey for Esquire Financing was a cost-saving strategy that also aimed to scale the business efficiently. Uttamchandani, a member of Esquire's leadership team, stated that the digitalization journey was a way to keep costs down while scaling efficiently.

Esquire, facing operational bottlenecks, slow loan approvals, and aging, siloed technology, chose Oradian's Instafin after evaluating multiple providers. The transformation was delivered in just three months, thanks to Oradian's embedded regional team and streamlined implementation process.

With Instafin, Esquire has been able to cut loan approvals from days to hours. The financial institution has gone fully paperless, improving compliance and reducing costs. Esquire now has real-time dashboards for faster, data-driven decisions.

The transformation has also prepared Esquire for seamless fintech integrations, such as digital wallets and payment platforms. Antonio Separovic highlighted that Oradian's cloud-native core banking system can accelerate the growth of financial institutions across Southeast Asia, from MFIs to digital banks.

Access to credit remains a challenge, particularly for smaller and non-collateral borrowers. The digitalization of Esquire Financing aims to address this issue, providing a more efficient and accessible credit system.

For financial institutions across Southeast Asia, investing in the right technology is not just about efficiency; it's about unlocking market leadership. The takeaway from Esquire's rapid core banking transformation is that with the right partner, large-scale change can be achieved fast and with minimal disruption.

A full case study on the partnership between Esquire Financing and Oradian can be found here. The featured image for this article was edited by Fintech News Singapore, based on an image by thanyakij-12 via Freepik.

SMEs in Southeast Asia make up over 97% of all businesses and drive the majority of employment. The digitalization of financial institutions like Esquire Financing is crucial for the growth and development of these businesses.

Esquire Financing is preparing for a future where fintech integrations will be the norm. With Oradian's Instafin, they are well on their way to becoming a leader in the digital banking landscape in Southeast Asia.

Transitioning from Tradition to Expansion: Oradian Accomplishes 3-Month Core Banking Transformation for Esquire