Bangalore, India – May 20, 2013: Infosys today announced that Robinsons Bank, a growing commercial bank in the Philippines, has selected Infosys Finacle as its transformation partner to support its branch network expansion and business growth. With the new technology transformation program, Robinsons Bank will consolidate and connect the multiple existing systems in use at the bank, and aim to reduce cost of operations across all its branches.
- Robinsons Bank plans to expand its network to over 100 branches in three years and integrate recent acquisitions. This requires its technology infrastructure to scale efficiently and cost effectively
- The bank chose Finacle core banking and treasury solutions to modernize its technology infrastructure and support its growth agenda, without inflating total cost of ownership
- Finacle will address key challenges including the need for effective localization of the solution and offer best-in-class user support while bringing down the high cost of implementation and hardware upgrades
- Finacle will also help Robinsons Bank to deepen relationships with customers through innovative new products and services
Haragopal M, Global Head – Finacle, Infosys:
“Finacle will power a new core banking and treasury solution for Robinsons Bank that is geared to deliver a superior banking experience to its customers. Finacle is already collaborating with nine banks in the Philippines to accelerate their transformation and growth. And we hope to bring all that experience into Robinsons bank to help them run their operations efficiently and build a progressive bank for tomorrow.”
Angelito V. Evangelista, Chief Operating Officer, Robinsons Bank:
“Robinsons Bank is on the path of expanding business to become one of the leading consumer banks in the Philippines over the next few years. We believe Infosys Finacle is among the best banking technology solutions suited to the needs of Robinsons Bank and can effectively support our growth plans and service quality promise. We look forward to a successful implementation and an enduring partnership with Infosys.”
About Robinsons Bank
Robinsons Bank as a wholly owned JG Summit Group company was established in November 1997 to further broaden JG Summit’s financial reach. It has for its cornerstone a business portfolio of market leaders, a solid financial position, a formidable management team, and a vision of leading the country to global-competitiveness and making life better for every Filipino. Robinsons Bank is now positioned not only to be more responsive in meeting the banking requirements of its retail customers and business partners, but also to fully serve the general banking public via its wide array of products and services — Deposits, Loans, Trust & Treasury, Remittance and other deposit-related products, available in all its 65 branches nationwide.
Infosys partners with global enterprises to drive their innovation-led growth. That’s why Forbes ranked Infosys #19 among the top 100 most innovative companies. As a leading provider of next-generation consulting, technology and outsourcing solutions, Infosys helps clients in more than 30 countries realize their goals. Visit www.infosys.com and see how Infosys (NYSE: INFY), with its 156,000+ people, is Building Tomorrow’s Enterprise® today.
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For further information please contact:
Abhijith Karthikeya D Infosys, India
Phone: +91 80 41563373
Paul De Lara Infosys,
UK Phone: +44 2075162748
Danielle D’Angelo Infosys,
US Phone: +1 925 719 7602