City Saving selects Finacle solution

Manila, Bangalore, Philippines – Infosys Ltd and City Saving Bank today announced that City Saving Bank, Philippines, has chosen Finacle core banking solution to power the bank’s strategic business transformation initiative. City Saving Bank is a thrift bank operating in the Philippines market for the past 14 years.  The bank will replace its legacy system across its 29 branches and leverage Finacle core banking solution for its aggressive growth plans. Built on new generation technologies, open industry standards and services oriented architecture, Finacle will provide the bank with a highly scalable technology engine. Finacle Bank-in-a-Box (BIAB), a pre-configured and fully integrated framework, will offer City Saving Bank a rapidly deployable solution that provides knowledge of best banking practices, processes and standards. According to William Paradies, vice president, City Saving Bank, “A robust technology platform is indispensible for a growth-focused bank. We selected Finacle for its proven global leadership, committed investment in cutting edge technology and unmatched delivery track record. We are confident that our partnership with Finacle will enable us to realize our growth ambitions and deliver for our customers a world-class banking experience.” Leveraging Finacle, City Saving Bank will also be better positioned to right sell personalized offerings, bundled products and an enriched segment-specific product portfolio to customers.   As the local business partner of Infosys, Total Information Management (TIM) Corp. will play an integral part in the implementation of the Finacle solution at City Saving Bank.