East West Banking Corporation (East West Bank) is a universal bank in the Philippines that provides a wide array of products and services to retail customers and mid-market corporate customers. East West Banks's principal banking products include Consumer Loans, Deposits, Corporate Banking, Treasury and Trust products and Cash Management Solutions, among others.

 

The Business Issue

Keeping in view its target to grow its overall presence in retail branches nationwide and its loan portfolio, East West Bank initiated a challenging project entitled 'the Financial
Transformation Program'. The objective of the Program was to have a single, integrated platform for all enterprise risk and financial management and reporting needs.

East West Bank envisaged that the system would provide a universal and central view of the bank's risks and financials, and offer a central repository of the bank's risk and financial data. In addition, the software would serve as a financial platform to support the bank's initial requirements of a general ledger with multidimensional attributes, profitability & MIS, Basel, regulatory, and management reporting.

Our Approach

Total Information Management Corporation (TIM) together with our principal partner Wolters Kluwer Financial Services jointly implemented the solution ensuring there was localized support for EastWest Bank, with TIM also serving as Wolters Kluwer Financial Services' development partner for additional regulatory reports for the Bank.

How It Worked

"With Wolters Kluwer Financial Services' solution suite, we have ready access to all of our bank's risk and financial information, all from a single version perspective. This makes us better equipped to realize our strategies and plans, and we can honestly say that we have taken a more competitive stance. As seen from the dedication and knowledge of their experts and implementation team, we are truly glad to have partnered with Wolters Kluwer Financial Services."

Rene De Borja    
CFO, EastWest Bank

Technology Used:

Download Official Eastwest Bank Case Study (PDF Format)