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Raheem Akingbolu Financial institutions in the emerging Markets across the world can successfully weather the storm of their operations and record growth if the right tools are made available, the Chief Executive Officer and Co-Founder of Orandian, Antonio Separovic, has stated. Separovic, who led a conversation at a media parley in Lagos recently, as part of the ’Oradian Core Banking Summit: The Future Is Now’, reeled out the company’s mission to transform financial inclusion across Africa and Southeast Asia. Though the CEO admitted that the place of technology in the financial sector cannot be undermined, he pointed out that having the right technology on its own doesn’t automatically mean that everything is fixed, adding that the right technology is one of the enablers of financial inclusion. To this end, he pointed out that the foundation of financial inclusion lies in providing the right tools that empower individuals and communities while enabling financial institutions to thrive. “If you have the right technology in place and you have the right team in place, then you create magic, that’s really important. At Orandian, we believe that if we give the right tools to the right types of financial institutions, they can actually have fantastic growth.” According to him, a good financial inclusion regime would enable individuals and businesses to have access to financial products and services like savings, loans, easy payment systems and insurance. To enable financial institutions to work better and grow, he said Oradian, a global core banking platform SaaS provider has created innovative banking software which assists to solve problems that are from the ground up. The CEO, who stated that Oradian focuses on emerging markets, said the company has over 55 financial institutions – banks, microfinance, digital banks, all in 13 different countries in Africa and Southeast Asia, with a deep understanding of what the targeted financial institutions needed. According to him, being a cloud system means that “we provide the software as well as the infrastructure. As a bank, all you need is an Internet connection to be able to use this tool. “This tool enables financial institutions to keep track of their clients, keep track of loans, deposits, do reporting and assist in the end of day process. Basically it’s the operating system of a bank. We have all the modules that you need to be able to run and operate the bank. The entire infrastructure, the back end, the servers, the hosting, data recovery, all of this is part of the service. Again all packaged under one subscription”. On partnerships for effective operations, he said as a financial institution “you cannot work by yourself. What you need to do is work with others, integrate with others. And this is where the architecture is amazing that through APIs it’s very easy to integrate with other services”. Antonio who said he sees a change of how banks think about technology said the next phase for Oradian is to on-board tier two banks and tier one banks. According to him, the change of how banks think about technology “requires strong leadership because you can either choose to be a technology company or you can choose to be a bank. Being both is very difficult”. On what appears to be carefulness over frauds or fear by some banks to outsource certain services, Antonio instead linked it to ‘attitude’, saying that some banks want to own everything and do everything by themselves which limits how they grow. “So what we see is why fintechs are stronger than banks in certain areas, moving fast”. The Summit attended by representatives of banks and fintech companies provided a first-hand look at Oradian’s roadmap and showcased ground-breaking innovations, including Oradian Custom Code, aimed at empowering financial institutions to scale and innovate fast, securely, and efficiently in ways that traditional systems cannot offer. While speaking on features that single out Oradian in the market, he pointed out that the company’s commitment to innovation remains an edge. According to him, the company operates on a single source code—a decision that he said is critical to ensuring agility and continuous improvement. “What makes Oradian fantastic is that we only have one source code. All our customers are using the same code, which is important for innovation. We can constantly innovate without managing multiple versions,” he explained.Butka scores 18 as Pepperdine takes down UC Davis 85-46new super game 。

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NetApp ( NASDAQ:NTAP – Get Free Report ) had its target price increased by analysts at Morgan Stanley from $127.00 to $132.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has an “equal weight” rating on the data storage provider’s stock. Morgan Stanley’s price objective points to a potential upside of 7.90% from the company’s current price. Several other brokerages have also recently weighed in on NTAP. UBS Group raised their price objective on NetApp from $121.00 to $134.00 and gave the company a “neutral” rating in a research note on Thursday, August 29th. Citigroup boosted their price target on shares of NetApp from $120.00 to $130.00 and gave the stock a “neutral” rating in a report on Thursday, August 15th. Evercore ISI lifted their target price on shares of NetApp from $120.00 to $130.00 and gave the stock an “in-line” rating in a research report on Monday, August 12th. Susquehanna reaffirmed a “positive” rating and issued a $155.00 target price on shares of NetApp in a report on Monday, August 26th. Finally, JPMorgan Chase & Co. lifted their price target on NetApp from $146.00 to $147.00 and gave the stock a “neutral” rating in a report on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $134.00. View Our Latest Research Report on NetApp NetApp Trading Down 3.4 % NetApp ( NASDAQ:NTAP – Get Free Report ) last issued its quarterly earnings data on Thursday, November 21st. The data storage provider reported $1.87 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.09. NetApp had a return on equity of 119.68% and a net margin of 17.78%. The firm had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same period in the previous year, the company posted $1.23 EPS. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. As a group, equities research analysts expect that NetApp will post 5.71 EPS for the current fiscal year. Insider Transactions at NetApp In other news, CAO Lorenzo Daniel De sold 326 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $117.44, for a total value of $38,285.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website . Also, EVP Elizabeth M. O’callahan sold 705 shares of the business’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $126.20, for a total value of $88,971.00. Following the completion of the sale, the executive vice president now directly owns 11,694 shares of the company’s stock, valued at approximately $1,475,782.80. This trade represents a 5.69 % decrease in their position. The disclosure for this sale can be found here . Insiders sold 23,049 shares of company stock worth $2,807,851 over the last quarter. Corporate insiders own 0.47% of the company’s stock. Institutional Inflows and Outflows Hedge funds have recently made changes to their positions in the company. Bessemer Group Inc. lifted its stake in shares of NetApp by 46.1% in the 1st quarter. Bessemer Group Inc. now owns 16,720 shares of the data storage provider’s stock valued at $1,754,000 after purchasing an additional 5,273 shares during the period. Intech Investment Management LLC lifted its stake in NetApp by 8.9% during the 3rd quarter. Intech Investment Management LLC now owns 302,010 shares of the data storage provider’s stock valued at $37,301,000 after acquiring an additional 24,651 shares during the period. The Manufacturers Life Insurance Company grew its holdings in shares of NetApp by 4.7% in the second quarter. The Manufacturers Life Insurance Company now owns 186,777 shares of the data storage provider’s stock worth $24,057,000 after acquiring an additional 8,305 shares during the period. Legal & General Group Plc raised its position in NetApp by 3.5% in the second quarter. Legal & General Group Plc now owns 2,405,363 shares of the data storage provider’s stock worth $309,811,000 after acquiring an additional 82,378 shares during the period. Finally, Cetera Investment Advisers lifted its position in shares of NetApp by 132.1% during the 1st quarter. Cetera Investment Advisers now owns 28,230 shares of the data storage provider’s stock valued at $2,963,000 after buying an additional 16,066 shares in the last quarter. 92.17% of the stock is owned by hedge funds and other institutional investors. About NetApp ( Get Free Report ) NetApp, Inc provides cloud-led and data-centric services to manage and share data on-premises, and private and public clouds worldwide. It operates in two segments, Hybrid Cloud and Public Could. The company offers intelligent data management software, such as NetApp ONTAP, NetApp Snapshot, NetApp SnapCenter Backup Management, NetApp SnapMirror Data Replication, NetApp SnapLock Data Compliance, and storage infrastructure solutions, including NetApp All-Flash FAS series, NetApp Fabric Attached Storage, NetApp E/EF series, and NetApp StorageGRID. See Also Five stocks we like better than NetApp Dividend Screener: How to Evaluate Dividend Stocks Before Buying Vertiv’s Cool Tech Makes Its Stock Red-Hot How Investors Can Identify and Successfully Trade Gap-Down Stocks MarketBeat Week in Review – 11/18 – 11/22 P/E Ratio Calculation: How to Assess Stocks 2 Finance Stocks With Competitive Advantages You Can’t Ignore Receive News & Ratings for NetApp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NetApp and related companies with MarketBeat.com's FREE daily email newsletter .