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Cebuana Lhuillier Bank chooses Orion to modernize banking services in Philippines

By Gloria Mathias

August 31, 2023

  • APAC news
  • Bank Technology
  • BankTech
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Orion Innovation, BankTech, Cebuana Bank, Philippines, Digital transformation, Orion Innovation (Orion), a digital transformation and product development service firm, has partnered with Philippines-based Cebuana Lhuillier Bank to support its journey towards financial inclusion and modernized banking services.

Cebuana Lhuillier Bank has signed a deal with Orion to implement the advanced Temenos core banking platform to revolutionize its operations and expand its outreach to unbanked and underserved Filipinos with an aim to grow more than 11 million customers over five years.

The Bank plays a pivotal role by offering credit and savings accounts to individuals, and micro, small, and medium enterprises, contributing to personal and business financial growth.

Orion’s suite of digital services and technology solutions empowers banks to modernize legacy systems, design innovative products, and tap into new business opportunities. With a robust presence in the Philippines, India, and Singapore, Orion Innovation is embarking on a growth journey in the APAC region.

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.”

Dennis Valdes, Cebuana Lhuillier Bank President noted, “The financial industry is continuously evolving due to rapid technological advancements. Our clients’ needs are changing, and it is our responsibility to not only meet but exceed those expectations. This alliance marks a testament to our commitment to embrace innovation and redefine the banking experience for our valued customers.”

Mr. Anoop Gala, Global Head of Financial Services at Orion Innovation added, “We are thrilled to embark on Cebuana Bank’s core modernization program in the Philippines. Orion’s partnership goes beyond technology, driving positive change by enhancing banking services and promoting financial inclusion in underprivileged communities, fuelling economic progress in the APAC region.”

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