back Back

Cebuana Bank joins Temenos to modernise core banking for Filipinos

By Gloria Mathias

August 17, 2023

  • APAC news
  • Cebuana Lhuiller Bank
  • Core Banking
Share

temenos, ImpactGrowsCebuana Lhuillier Bank, the rural bank in the Philippines, has partnered with Temenos to modernize its core banking platform serving seven million Filipinos.

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.

Previous Article

August 17, 2023

Tonik & FC Home Center bring shop installment loan to Filipinos

Read More
Next Article

August 17, 2023

Savings Banks Group Finland to renew lending platform with Tietoevry

Read More






IBSi Daily News Analysis

cloud,

July 19, 2024

APAC news

SMEs leverage cloud to gain competitive edge, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Over 72% Financial Institutions to invest heavily in ESG Technology

Read More

Today

4 B2B SaaS platforms transforming business operations in the UK

Read More

Today

The Deep dive: AI in the BNPL Market

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2024