Infosys today announced that Robinsons Bank, a growing commercial bank in the Philippines, has selected Infosys Finacle as its transformation partner to support its branch network expansion and business growth.
With the new technology transformation program, Robinsons Bank will consolidate and connect the multiple existing systems in use at the bank, and aim to reduce cost of operations across all its branches.
• Robinsons Bank plans to expand its network to over 100 branches in three years and integrate recent acquisitions. This requires its technology infrastructure to scale efficiently and cost effectively.
• The bank chose Finacle core banking and treasury solutions to modernize its technology infrastructure and support its growth agenda, without inflating total cost of ownership
• Finacle will address key challenges including the need for effective localization of the solution and offer best-in-class user support while bringing down the high cost of implementation and hardware upgrades
• Finacle will also help Robinsons Bank to deepen relationships with customers through innovative new products and services
Haragopal M, Global Head, Infosys Finacle:
"Finacle will power a new core banking and treasury solution for Robinsons Bank that is geared to deliver a superior banking experience to its customers. Finacle is already collaborating with nine banks in Philippines to accelerate their transformation and growth. And we hope to bring all that experience into Robinsons bank to help them run their operations efficiently and build a progressive bank for tomorrow."
Angelito V. Evangelista, Chief Operating Officer, Robinsons Bank:
"Robinsons Bank is on the path of expanding business to become one of the leading consumer banks in Philippines over the next few years. We believe Infosys Finacle is among the best banking technology solutions suited to the needs of Robinsons bank and can effectively support our growth plans and service quality promise. We look forward to a successful implementation and an enduring partnership with Infosys."