PR Savings Bank selects Temenos for new core banking system

Philippine Resources Savings Banking Corporation (PR Savings Bank) has tapped up Temenos for its T24 core banking system, as well as a suite of analytics services.

The bank chose Temenos, according to the vendor due to its ability to “quickly bring new and personalised products and services to market, driven by data”. The bank has elected to go ahead with a big bang implementation.

“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,” commented Emmanuel Benitez, president of PR Savings Bank. “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.”

Martin Frick, managing director of Asia Pacific at Temenos, added: “PR Savings Bank has embarked on an expansion plan by introducing more products and services to provide greater financial access to countryside communities. This signing demonstrates that our vision for banking and technology is resonating with banks. We are pleased to continue our momentum in APAC, and we are thrilled to welcome PR Savings Bank into our client community.”

Benitez continued: “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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