The Small Business Corporation (SB Corp.), the lending arm of the Department of Trade and Industry, announced that it has chosen leading cloud core banking SaaS provider Oradian as its core platform partner.

This was revealed by SB Corp. President and CEO Robert Bastillo last Friday during the SB Corp. and Oradian Partnership Ceremony, a landmark collaboration set to revolutionize the DTI’s lending operations. The partnership aims to provide the foundation to champion and bridge financing needs for sustainable economic growth and prosperity in traditionally underserved micro, small, and medium enterprises (MSMEs).

SB Corp., one of the Philippines’ most established finance providers for MSMEs, is embarking on a transformation to streamline operations, enhance efficiency, and expand its services.

Oradian’s proven and reliable platform, along with its track record of supporting the sustainable growth of financial institutions in the Philippines and beyond, was selected to help SB Corp. achieve its digital transformation goals.

“We believe this partnership is a pivotal step toward strengthening the foundations we have laid in our digital transformation journey. As we draw closer to the end of 2024, this crucial partnership will serve as SB Corp.’s springboard to deliver even more innovative and responsive products and services to our MSME clients in 2025 and beyond,” Bastillo said.

Enhancing SB Corp.'s Capabilities

For his part, Oradian co-founder and CEO Antonio Separovic said that through Oradian’s cutting-edge cloud-based technology, SB Corp. will gain scalability and flexibility, as its parameterized, API-first core banking platform supports rapid growth.

He added that SB Corp. may also achieve operational efficiency as the streamlined platform simplifies processes, reduces downtime, and enhances customer experience.

Additionally, SB Corp. will benefit from Oradian’s unmatched reliability, with its cloud-native platform powered by AWS ensuring robust security and faster uptime for seamless operations.

“We are honored to partner with the Small Business Corporation, a financial institution with a truly impactful vision. With Oradian’s platform, SB Corp. will be empowered to scale its operations efficiently, deliver tailored solutions, and provide exceptional services to both current and future clients,” Separovic said.

Moreover, Separovic highlighted Oradian’s commitment to advancing the future of the Philippines' financial sector, building on nearly a decade of market presence and expertise.

“With a strong technological foundation supporting institutions like AgriBank, Esquire, RAFI, Cantilan Bank, and Salmon, we have developed an intimate understanding of the unique needs across the spectrum of financial institutions in this market. This privileged position enables us to drive innovation, empowering our trusted partners to achieve unprecedented growth and succeed in their transformative missions,” he added.