Yao group-led Philippine Business Bank (PBB) is investing over P400 million to migrate to a new core banking system that will allow the thrift bank to adopt more robust processes and diversify its product offering amid an era of disruptive technologies. PBB signed up Indian IT solutions firm Intellect Design Arena Ltd. to provide the new core banking system, which will serve front, middle and back-end processes of the bank. "This is a US$7 to $8 million project," PBB president Roland Avante said in an interview during the signing ceremony with Intellect. With this new system in place, Avante said PBB would be able to expand its portfolio and match or at least, allow the bank to ...
Keep on reading: PBB boosts core banking system
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