Philippines-based China Banking Corporation is deploying Infosys Technologies' Finacle software to power its online retail banking services.
The Finacle core banking system will be delivered by local IT firm Total Information Management (TIM).
Peter Dee, president and CEO, China Banking Corporation, says the implementation is a key component of the bank's initiative to "enhance customer experience, retain and attract customers, and generate fee income".
Merwin Fernandes, VP and global head of sales and marketing at Infosys' banking business unit, says says the China Banking contract is the vendor's first in the Philippines: "We view this region as a strategic focus area for our banking solutions and are making significant investments in the product and delivery capability for the region."