Infosys Finacle, a subsidiary of Infosys, has partnered with Producers Savings Bank Corporation in the Philippines to modernise the bank’s technology landscape. The bank will upgrade to the latest version of the Finacle Core Banking Solution and implement the Finacle Origination Solution to expand its lending business for small and medium enterprises (SMEs) and retail customers.
This technological upgrade aims to enhance the bank’s digital foundation, improve operational resilience, and enable the delivery of more personalised financial services. The Finacle Origination Solution will allow the bank to scale its lending operations significantly, particularly for priority segments like SMEs and teachers, through a fully digital loan management platform. This includes automated onboarding, faster loan processing times, and improved staff productivity.
The upgraded Finacle platform features a comprehensive API suite to facilitate seamless integration with the fintech ecosystem, thereby enabling faster innovation and quicker rollout of new offerings for underbanked and unbanked communities, supporting financial inclusion.
Andres M. Cornejo, Vice-Chairman and Chief Executive Officer of Producers Bank, stated, “Our decade-long association with Infosys Finacle has been pivotal to our modernisation journey. As we celebrate 30 years as an institution, this modernisation initiative will further strengthen our digital capabilities, enabling us to provide real-time banking services for our growing client base and scale our lending business with greater confidence. We deeply value Finacle’s collaboration, rich functionality, swift deployment, and proven reliability, and we are excited about the new possibilities this transformation will unlock.”
Sajit Vijayakumar, Chief Executive Officer of Infosys Finacle, commented, “As the Philippine banking sector accelerates its digital shift, the lending ecosystem is seeing unprecedented opportunities for scale. Given our decade-long association with Producers Bank, we are delighted to provide a modern foundation for its next phase of transformation and expansion. With Finacle’s latest digital banking solutions, Producers Bank is well placed to capitalise on market opportunities, accelerate growth, and reinforce its position as a leading thrift bank.”
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).