ACI Worldwide partners with Security Bank to transform its real-time payments platform
By Leandra Monteiro
ACI Worldwide, a global provider of real-time payments and digital payment software solutions, and Security Bank Corporation (Security Bank), a universal bank in Philippines, announced that the bank has chosen ACI Worldwide’s Enterprise Payments Platform solution to strengthen its real-time payment capabilities.
The partnership will see ACI Worldwide accelerate Security Bank’s digital transformation journey, helping the bank stay ahead of evolving customer and regulatory demands by providing full payment hub capabilities for low- and high-value payments, including payment processing, domestic scheme gateways and SWIFT on ISO 20022 standards on a single platform.
“ACI Worldwide is the APAC leader in real-time payments transformation. By utilizing ACI Worldwide’s technology, Security Bank will be able to bring new products and services to customers faster, add new payment alternatives seamlessly and cost-effectively to its existing core infrastructure, and tap into ACI Worldwide’s payment ecosystem in the APAC region,” said Leslie Choo, Senior Vice President, Managing Director – APAC, ACI Worldwide. “We look forward to Security Bank providing personalized digital experiences that can cater to ongoing change, complexity and uncertainty.”
According to ACI Worldwide’s 2022 Prime-Time for Real-Time report, the Philippines’ payment system is on the verge of modernization, and the integration of its financial structure is essential to ensure significant economic benefits. The partnership between ACI Worldwide and Security Bank is a milestone for the bank’s payments modernization efforts and enables the bank to play a key role in helping the nation reap the benefits of real-time payments domestically and across the region.
“With the Philippine payments system primed for rapid growth, we require a technology platform that is scalable and can be modified as our customers’ needs and demands evolve. The ACI partnership will enable us to provide our customers with a seamless real-time payments experience, aligned with Security Bank’s brand promise of Better Banking,” said Stephen John Bell, SVP and Channels Network Group Head at Security Bank Corporation.
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