Putting core banking on the cloud, with Antonio Separovic (Oradian)

How to Lend Money to Strangers

Brendan le Grange

Business, Careers, Fintech, Management, Lending, Credit, Banking

4.9 • 43 Ratings

🗓️ 14 July 2022

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

It’s not often that a bank’s ATMs running out of cash is a sign of its success, but that’s exactly what happened when Cantilan Bank - with its systems on the cloud - was able to get back on its feet after Typhoon Rai, and to dispense much-needed cash to the people, when no one else was able to. In today’s episode, I speak to Antonio Separovic, co-founder of Oradian, the fintech whose cloud-native core banking system made that bounce-back possible.

But, though forged in developing markets, the market for cloud-based core banking systems has continued to expand and so we chat about everything from working around infrastructure gasp to powering cutting-edge fintech.

You can find Oradian on their homepage here - https://oradian.com/

And, if it is me you're after, feel free to connect on my LinkedIn page, my action-adventure novels on Amazon, some versions even for free, and my work with ConfirmU and our gamified psychometric scores is discussed at https://confirmu.com/ as well as on episode 24 of this show https://www.howtolendmoneytostrangers.show/episodes/episode-24

If you have any feedback or questions, if you would like to participate in the show, or if you'd like to find full written transcripts with timestamps head on over to HowtoLendMoneytoStrangers.Show

Regards,

Brendan

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Transcript

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0:00.0	Monks looks to the future to meet your aspirations.
0:04.0	That's why we take time to consider those key themes that we believe will provide opportunities for the years ahead.
0:10.0	Looking forward in this way, rather than backwards, helps our search for those companies that will shape the future.
0:16.0	We think it's a better way to deliver returns you can look forward to.
0:20.0	Monks is managed by Bayley Gifford.
0:22.0	A key information document is available by visiting BayleyGifford.com.
0:26.0	As with any investment, capital is at risk.
0:30.0	And effectively, they ran out of cash in the ATMs.
0:36.0	They were very proud because they were the only bank open within the region.
0:42.0	So no other banks were able to operate it, but they ran out of cash.
0:46.0	So they asked from the regulator, it was like you got to fill up our ATMs as much quicker.
0:56.0	One in 238 people in Botswana have the surname Malefi.
1:00.0	That makes it about as common as the surname Williams is in England and the USA.
1:06.0	So imagine you want to send out a customized offer to 25,000 of your customers.
1:12.0	You're going to get a little over 100 different Malefi's in Botswana or 100 Williams's in England or the US.
1:20.0	That's not a problem per se. They'll all have different initials, perhaps.
1:24.0	Except that 7 of the 20 most common first names in Botswana start with either a K or a T.
1:31.0	But so what? Maybe you have a few dozen K Malefi's in your file.
1:35.0	Why is that a big deal?
1:37.0	The answer to that is that in Botswana, at least while I was still working there, which admittedly is a decadent though.
1:44.0	But then the size and the nature of the mining industry was such that many customers used their work address as their correspondence address.
1:52.0	So every time we sent out a campaign, we'd have several people with the same initial, same surname and same address in our file.
	...

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