Philippine bank selects Misys to improve lending business

Philippine Farmers Bank has selected Misys, a UK-based provider of application software, to improve its lending business and increase its ability to respond to and service its customers throughout the country.

According to Misys, one of the crucial elements in the bank choosing its solution was the capability to support its officers in all provinces around the country, both within and outside its branches, who need to use laptops from which to complete loan transactions with its customers. With a series of proofs of concept and demonstrations, the bank's management team was comfortable with Misys's capabilities and selected the company.

Graeme Beardsell, regional director of Asia-Pacific at Misys, said: We are delighted to be able to come to the aid of such an important bank in the Philippines market. We look forward to providing the bank with a platform on which to expand its business, keep delivering innovative products to its customers, whilst continually ensuring costs are kept to a minimum.

Earlier this month, Russia’s Alfa Bank Moscow extended its contract with Misys till 2020. Under the contract, Misys will provide advanced consumer banking system with its scalable treasury capabilities. Another significant win for Misys in the recent times has been a contract from Egyptian Saudi Finance Bank

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