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ASI Group renames to Ladonware, marking the next phase of its global expansion

By Pavithra R

January 27, 2021

  • Asi Group
  • United States

Black Dragon Capital's ASI Group changes name to Ladonware

ASI Group, a Leading cloud-native FinTech has announced its name change to Ladonware (“Ladon”), marking its next phase of expansion in North America and the globe.

The new name represents Ladon’s eagerness to fight for the community based financial institutions, one community at a time and marks the next phase of global growth and expansion of cloud-based financial technology suite.

“We believe that small and medium financial institutions deserve better, they have settled for imperfect solutions from imperfect vendors for decades and have little or no option. We are determined to make sure that they get the best technology, the best service, the best and most favorable terms and conditions and fair contracts from a very experienced team that has succeeded in the United States and abroad,” said Hernando Torres, Ladon’s Board Member and CEO.

“Black Dragon Capital, through their intense and deep knowledge of the financial services market, has encouraged and guided us to build the next great disruptor in financial technology for the United States based upon their incredible track record and experience of building market-leading FinTech companies. At Ladon we connect consumers, devices, and financial institutions ubiquitously and have helped almost 100 financial institutions manage their digital transformation successfully. We are in the next phase of growth and development, focused on helping community financial institutions fight to maintain their relevance, and become a true partner on their digital transformation journey. No bank or credit union should settle for archaic technology, poor service, and divisive contract terms that impede their ability to serve their community for the long term. We are here to provide a credible alternative,” added Torres.

Ladon provides SaaS-based cloud-native solutions suite, provide an open API based, flexible architecture, that has been proven at scale, and currently operate with multi-lingual and multi-currency capabilities in more than 15 countries. The suite includes feature-rich Collections solution, a state-of-the-art AI inclusive digital banking platform, Analytics, and many other ancillary products which are provided either independently or as a comprehensive ecosystem. The rapidly expanding company serves more than 160 FIs currently, half of which are in the U.S.

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