Oradian unveils a new product engine that enables banks and fintechs to rapidly launch and modify financial products without replacing their legacy core systems, promising increased agility amid rising loan demands and digital account needs.
Financial institutions that want to bring new products to market quickly are increasingly looking beyond the traditional choice of waiting on their core banking vendor or replacing the core altogether. Oradian is pitching a third path: add a product engine that sits alongside the legacy core and lets banks and fintechs launch, adjust and retire products without repeatedly changing the underlying system.
The company says the approach is designed for lenders, digital banks and consumer finance firms that need to move faster than a conventional core usually allows. In practice, that means a separate layer that handles the life cycle, rules and behaviour of products such as loans, revolving credit and digital accounts, while the core continues to carry out standard banking operations. Oradian says this arrangement gives institutions more control over product design and iteration, rather than leaving changes to outside IT vendors.
Speed is the central selling point. According to Oradian, some customers can launch a product in a matter of weeks. It points to FairMoney, the Nigerian neo-bank, which it says brought its first product to market on the platform in eight weeks after work began in 2022. Oradian also argues that its model gives institutions many of the capabilities associated with a modern core banking platform, but without the disruption of a full replacement project.
That case matters because the need for faster product deployment is growing in several markets. In the Philippines, consumer lending has been expanding, with credit cards, car finance and salary advances up 19.6% year on year in April, according to the figures cited in the source material. At the same time, bad loans in the banking system rose to 3.37% of total lending that month, the highest level since August 2025, underscoring the pressure on lenders to manage risk even as they chase growth. Fitch Ratings warned in the same reporting that banks are becoming more exposed to economic shocks as unsecured lending increases.
Oradian’s broader pitch is aimed at three product areas in particular. The first is loan origination and distribution, where product teams can configure rates, fees and eligibility rules quickly and connect through application programming interfaces, or APIs, to partner channels. The second is credit cards and revolving credit, where new payment rails and domestic schemes create demand for more flexible control over limits, utilisation, pricing, interest accruals, drawdowns and repayments. Indonesia’s Kartu Kredit Indonesia programme, which began as a digital card for QRIS payments in August 2026, is one example of how domestic payment infrastructure can create new product requirements.
The third area is digital accounts and wallets. Oradian says traditional cores were not built for huge volumes of small transactions flowing every day through mobile-first wallets, and claims its engine can handle up to 12,000 balance updates a second in real time. It also says the platform runs at 99.98% uptime and processes 8,800 transactions per second, with more than 750 native API endpoints that remain backwards compatible.
The company is also trying to position the product engine as a foundation for artificial intelligence in banking. Its argument is that many AI initiatives stall when operational data remains trapped inside legacy systems. MIT’s Project NANDA found that roughly 95% of enterprise generative AI pilots produce no measurable return, a finding Oradian uses to bolster its case for putting governed, live product data at the centre of decision-making. In its model, the engine manages the products, a governed data layer gives teams a current view of activity, and the institution’s own code sits above that. AI can then work across those layers on live information, with controlled points where decisions can be applied.
Oradian says institutions can extend the engine in three ways: no-code configuration for setting rules and schedules, low-code integration for connecting channels and payment rails, and custom code for proprietary product logic. It describes all of these extensions as governed, versioned, auditable and reversible, which is intended to reassure risk and compliance teams. The company also says some operational tasks can be handled directly on live data, allowing pricing, limits and risk decisions to reflect what customers are doing in real time.
For financial institutions weighing the cost and disruption of a full core replacement, the message is straightforward: they do not necessarily have to choose between waiting and rebuilding. Oradian is presenting the product engine as an intermediate option, one that lets banks keep their existing core while reclaiming control over product development. The company has set out the case in a guide titled “Launch your next product without touching your core”.
Disclaimer: This article is intended to inform and educate, not to recommend or endorse any financial product, investment or strategy. Please consider your own financial circumstances and seek professional advice where appropriate before making financial decisions.
