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.
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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.”
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