Cebuana Bank joins Temenos to modernise core banking for Filipinos
By Gloria Mathias
With Temenos, Cebuana Lhuillier Bank aims to expand its product offerings, launch new banking products, and scale quickly.
Cebuana Lhuillier Bank provides credit and savings accounts to individuals, small and medium enterprises to grow their personal or business finances.
Temenos’ core banking platform gives Cebuana Lhuillier Bank the agility to manage customer accounts and transactions with improved performance and efficiency and offer personalized products faster and at a lower cost. The bank can introduce affordable new lending products, such as motorcycle loans, to attract new customers while growing sustainably.
The solution will be implemented by Temenos’ delivery partner, Orion Innovation. Orion provides a suite of digital services and technology solutions that help banks modernize and transform their legacy systems and design and develop next-generation products that allow them to create new business opportunities.
Orion specializes in delivering full-service implementation & integration capabilities in core banking, payments, and digital banking solutions to Temenos clients across the globe.
Jean Henri Lhuillier, Cebuana Lhuillier Bank Vice Chairman shared, “Cebuana Lhuillier’s commitment to financial inclusion remains steadfast. In a nation where access to reliable financial services is paramount, this collaboration strengthens our resolve to provide better services, products, and opportunities for Filipinos to create meaningful change.”
Ramki Ramakrishnan, Managing Director – APAC, Temenos said, “We are delighted to welcome Cebuana Lhuillier Bank as the newest member of our Temenos family in the Philippines. With a robust presence in the country, our partnership with Cebuana Lhuillier Bank reinforces Temenos’ position as a compelling choice for banks across various sizes and segments, including rural and thrift banks. We are everyone’s banking platform. We eagerly anticipate supporting Cebuana Lhuillier Bank’s journey towards greater success.”
Temenos is consistently recognized as the market leader in core banking software by IBS Intelligence, including in the most recent IBSi Sales League Table 2023.