PR Savings Bank in tech revamp with Temenos
Philippine Resources Savings Banking Corporation (PR Savings Bank), the fifth largest independent thrift bank in the Philippines, is implementing Temenos’ T24 core banking and analytics solutions.
The deal was signed in 2015, Banking Technology understands.
PR Savings Bank is moving into the deposits business. “The decision to partner with Temenos was driven by our objective to expand our products and services beyond the lending sphere to better service our market,” explains Emmanuel Benitez, president of PR Savings Bank.
“Our mission is to bring banking services to the masses and agriculture society in Philippines,” he states.
With the new platform, he adds, “we will be able to bring real-time, tailored financial services to our account holders whether they are in the cities or in the countryside, full-time employees or small business owners and farmers”.
According to Temenos, the bank has opted for a “big bang” implementation approach, launching all of its business lines simultaneously.
PR Savings Bank was established in 1977, and has 46 branches and 50 offices across the country.