Philippine Resources Savings Banking Corporation (PR Savings Bank) has inked an agreement with Swiss technology firm Temenos to deploy its T24 Core Banking and Analytics solutions.

The technology upgrade comes at a time when PR Savings Bank is moving into the deposit business from loans.

PR Savings Bank selected Temenos to help it swiftly bring new and customised products and services to market, driven by data.

Utilising the new solution, the bank can fulfil the diverse financial requirements of the population by providing them a number of loans and deposit products and services, the technology vendor said.

PR Savings Bank president Emmanuel Benitez said: “Our mission is to bring banking services to the masses and agriculture society in Philippines. The decision to partner with Temenos was driven by our objective to expand our products and services beyond the lending sphere to better service our market.

“With the flexibility of Temenos’ system, we will be able to quickly design and launch new products, making data-driven decisions based on the insight from Temenos’ analytics solution. Powered by Temenos technology, we will be able to bring real-time, tailored financial services to our account holders whether they are in the cities or in the countryside, full-time employees or small business owners and farmers.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.