The bank will replace its legacy system across its 29 branches and leverage Finacle core banking solution for its aggressive growth plans, said a press release. City Saving Bank is a thrift bank operating in the Philippines market for the past 45 years.
Built on new generation technologies, open industry standards and services oriented architecture, Finacle will provide the bank with a highly scalable technology engine. Finacle Bank-in-a-Box (BIAB), a pre-configured and fully integrated framework, will offer the bank a rapidly deployable solution that provides knowledge of best banking practices, processes and standards, Infosys claimed.
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Sanat Rao, VP and global had, Business Development, Client Engagements and Alliances — Finacle, said, “We are delighted to partner with City Saving Bank and are strongly committed to ensuring the bank attains it twin business objectives of aggressive retail growth and business agility. Philippines is a focus market for Finacle and we will continue to invest and innovate to accelerate growth and drive efficiencies for our clients in the region.”