Transitioning from Tradition to Progress: Oradian Facilitates Esquire's Three-Month Transformation in Core Banking Solutions
In the bustling heart of the Philippines, Esquire Financing Inc., one of the country's largest non-bank financial institutions, embarked on a digital transformation journey. Faced with operational bottlenecks, slow loan approvals, and aging, siloed technology, the leadership team at Esquire recognised the need for a modern, cloud-native platform built for speed, agility, and integration.
After evaluating multiple providers, Esquire chose Oradian's Instafin - a cloud-native core banking system designed for fast-growing financial institutions across emerging markets. This decision was driven by Oradian's demonstrated experience, local know-how, and a dominant track record in the Philippines, making them a natural partner for Esquire Financing.
The transformation from Esquire to Oradian's Instafin was delivered in just three months, compared to the 12-24 months common in the industry. With Instafin, Esquire has been able to cut loan approvals from days to hours, providing a significant boost to their operations. This rapid transformation has enabled Esquire to triple its loan portfolio in under 2.5 years since implementing Instafin.
Oradian's cloud-native core banking system is enabling financial institutions across Southeast Asia to achieve large-scale change quickly and with minimal disruption. The takeaway for financial institutions is that investing in the right technology is crucial for achieving market leadership.
Access to credit remains a challenge, particularly for smaller and non-collateral borrowers. Across Southeast Asia, Small and Medium Enterprises (SMEs) make up over 97% of all businesses and drive the majority of employment. The partnership between Esquire and Oradian demonstrates that the right technology partner can accelerate growth for financial institutions, unlocking market leadership and addressing the credit needs of SMEs.
Uttamchandani, a member of Esquire's leadership team, stated that the digitalization journey was essential for cost reduction and efficient business scaling. Antonio Separovic, Co-founder & CEO of Oradian, highlighted that Esquire trusts Oradian with technology, enabling them to scale quickly due to Oradian's real-time data, integrations, and faster approvals.
Esquire now has real-time dashboards for faster, data-driven decisions with Instafin. They are also preparing for seamless fintech integrations, such as digital wallets and payment platforms, with Instafin. The partnership between Esquire and Oradian underscores the importance of investing in the right technology for financial institutions across Southeast Asia, not just for efficiency, but for unlocking market leadership.
