Bengaluru, India and Manila, Philippines – March 2026: Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys (NSE, BSE, NYSE: INFY), and Producers Savings Bank Corporation, a leading bank in the Philippines, today announced that the bank will modernize its technology landscape by upgrading to the latest version of the Finacle Core Banking Solution. The bank will also implement the Finacle Origination Solution to rapidly grow its lending business for small and medium enterprises (SMEs) and retail customers.
Key Highlights
- This upgrade strengthens the bank’s digital foundation, enhances operational resilience, and unlocks new capabilities to deliver broader, faster, and more personalized financial services to its customers.
- With the Finacle Origination Solution, the bank will be able to significantly scale its lending operations, particularly for priority segments such as SMEs and teachers, through a fully digital loan management platform. This includes automated onboarding, faster turnaround times for loan processing, and improved staff productivity.
- The upgraded Finacle platform comes with a comprehensive API suite which will help the bank integrate seamlessly 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, Producers Bank, said, “Our decade-long association with Infosys Finacle has been pivotal to our modernization journey. As we celebrate 30 years as an institution, this modernization 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, Infosys Finacle, said, “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 capitalize on market opportunities, accelerate growth, and reinforce its position as a leading thrift bank.”
