CCK Financial Solutions Ltd (CCK), a leading provider of treasury management solutions, together with its partner aurionPro Solutions Ltd. (aurionPro), today announced that they have signed a contract with Rizal Commercial Banking Corporation (RCBC) in Philippines for the acquisition of Guava Suite, CCK's treasury management and wholesale banking system, and dealPro, aurionPro's branch dealing system.
Guava will be used to manage RCBC's entire treasury operation, covering dealing, risk management, settlement, accounting and reporting. dealPro will be used to distribute Foreign Exchange and Fixed Income trading to the branches.
RCBC is Philippines' fifth largest private domestic commercial bank, and is a part of the Yuchengko Group of Companies.
"We have selected Guava as the product to help us move forward and achieve improved profitability and service delivery to our clients, in line with the Bank's Vision. The system was selected after an exhaustive evaluation over many months," said Mr. Jose Emmanuel Hilado, Executive Vice President and Treasurer, RCBC.
Mr. Joseph Wong, Managing Director of CCK, said, "We are delighted that RCBC has selected Guava to handle its treasury. This is our third client in the Philippines to choose Guava, and migrate from another system which previously had dominated the Philippines market. This implementation has a very aggressive time table, and we are looking forward to working with the Bank to achieve this successfully."
"aurionPro is happy to work with CCK to bring Guava into the market. dealPro will also add value to the Bank's use of Guava by enabling the Bank to distribute its services to the branches through the web. Both aurionPro and CCK have similar value systems of ensuring delivery to the client, so we work together very well," said Mr. Krishan Grover, Global Sales Director, aurionPro.