The PROVIDERS Multi-Purpose Cooperative (PMPC), a financial cooperative headquartered in the Province of Isabela, is embracing digital financial services. PMPC launched its digital transformation to better serve members of their cooperative.
For cooperatives like PMPC, exceeding members’ expectations and augmenting impact in their lives are measures of its service excellence. To continue growing and meeting their members’ changing demands, PMPC adopts innovations and new technologies to get ahead of a rapidly evolving business environment.
With this member-centric purpose, PMPC set its sights on a cloud-based core banking system to better understand and serve its members and community more efficiently. With the approval from the PMPC Board of Directors, PMPC’s leaders chose Oradian as its cloud-based core banking provider and partner in digital transformation.
With Oradian’s cloud-based core banking system, Instafin, PMPC’s team has a real-time, 360-degree view of their members’ financial activity with PMPC in one place, available with just a few clicks. In the past, PMPC’s team had to go through a complex, multistep process to see a comprehensive view of their accounts.
Instafin has enabled PMPC to serve its members better through more accessible financial services and improved service and led to financial growth. Providers’ commitment to financial inclusion in its community and its pioneering spirit to embrace modern technology has led to sustainable growth. In 2017, Providers increased its lending activity by 50% from P993.30 million in 2016 to P1.49 billion in 2017.
With more flexibility and cloud-based solutions Instafin can offer, PMPC is able to reach more individuals in its communities and provide access to digital financial services while maintaining high levels of security. PMPC’s operations and their members’ data is protected by best-in-class security practices.
According to the national financial inclusion report by the Bangko Sentral ng Pilipinas (BSP), the future of the financial system lies in going digital with cloud technology. As Providers and over 75 other financial institutions using Oradian’s cloud-based core banking platform, cloud technology provides the gateway to this future.