Infosys Finacle to modernise core banking at Producers Bank

By Vriti Gothi

Infosys Finacle has been selected by Producers Savings Bank Corporation to modernise its core banking infrastructure, as part of the lender’s broader digital transformation strategy aimed at scaling lending and improving customer service delivery.

The Philippine bank will upgrade to the latest version of the Finacle Core Banking Solution and deploy the Finacle Origination Solution to strengthen its lending capabilities, particularly across small and medium enterprises (SMEs) and retail segments.

The move reflects a growing trend among regional banks to replace legacy systems with integrated digital platforms that support real-time processing, API-driven ecosystems, and faster product innovation. In markets such as the Philippines, where financial inclusion remains a priority, modern core banking infrastructure is increasingly viewed as critical to reaching underserved customer segments.

Under the deployment, Producers Bank aims to enhance operational resilience and deliver more personalised financial services. The addition of Finacle’s origination platform is expected to digitise loan workflows, enabling automated onboarding, faster credit processing, and improved staff productivity. The bank is also targeting expansion in priority segments, including SMEs and educators, through a more scalable and efficient lending framework.

The upgraded platform includes a comprehensive API suite, allowing the bank to integrate with FinTech partners and accelerate the rollout of new products. This is expected to support broader ecosystem participation and improve access to financial services for underbanked and unbanked communities.

Sajit Vijayakumar, Chief Executive Officer, Infosys Finacle, said, “As the Philippine banking sector accelerates its digital shift, the lending ecosystem is seeing unprecedented opportunities for scale. Given our decade-long association with Producers Bank, we are delighted to provide a modern foundation for its next phase of transformation and expansion. With Finacle’s latest digital banking solutions, Producers Bank is well placed to capitalise on market opportunities, accelerate growth, and reinforce its position as a leading thrift bank.”

The announcement underscores continued investment by Southeast Asian banks in core modernisation initiatives, as competition intensifies and customer expectations shift towards faster, digitally enabled financial services.