BADA: SaaS Banking Solution for Southeast Asia

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Bankware Technology

BADA: SaaS Banking Solution for Southeast Asia

BADA is a SaaS banking service specifically targeting the Southeast Asian financial software solution market. Among the six ASEAN countries, the Philippines and Vietnam, with a population of 100 million each, and Indonesia, with a population of 260 million, have populations where less than 30% have bank accounts. Due to this, financial authorities in each country are actively promoting policies that improve accessibility to financial services through Fintech such as supporting e-Wallet and QR Code payment platforms.

Southeast Asia can also be viewed as a microcosm of the global market in which all global financial solution providers have entered – a market where response to digital finance demand & innovation has been lacking due to high cost and outdated technology in particular by most banks and financial institutions who primarily use solutions from Europe and India. Mirroring this increasing demand for digitalized financial solutions, demand for cost-effective, fast and flexible cloud-based financial solutions has surged, in particular by small and medium-sized companies that need to compete with the larger banks and Fintech/Big Tech institutions.

In response to the above market developments, and also in anticipation to long-term fundamental changes to financial software solution providers in Southeast Asia, Bankware Global launched BADA, a shared banking service for small savings banks and regional banks in the Philippines and Indonesia at the end of 2020. BADA provides high-quality financial services at competitive prices to over 10,000 small savings banks, rural banks, credit unions and microfinance companies in Southeast Asia based on cloud technology and economies of scale. Moreover, functions, products and services can be tailored for each customer, supplementary services augmented, and integration with other financial institutions achieved through its open APIs. From this prospective, BADA is supporting digital innovation of small and medium-sized banks and financial companies in Southeast Asia.

BADA Key Features

Fundamental Financial Services

Deposit Services

Loan Origination

Loan Services

Accounting

Tools to Minimize Operational Errors

Digital Financial Services

Digital Onboarding

Self-service Features

Extended Digital Financial Services

QR Payments

Agent Cash-in & Cash-out

Agent Loan Payment

Collector Loan Payment Cash Pick-up

Disclaimer: This article has been translated from its original language for the convenience of our readers. While every effort has been made to ensure accuracy, please note that translations may not fully capture the nuances and subtleties of the original text. Any discrepancies or inaccuracies are unintentional. Readers are encouraged to refer to the original source for complete and accurate information.

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