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Producers Savings Bank awarded their Infosys Core Banking System Infrastructure Project to TIM in partnersip with Oracle Philippines

Posted at April 2, 2014

 

 

From Front Row:  Mike T. Olegario, Territory Account Manager-Oracle Direct Asia Pacific, Salvador P. Aque, President-TIM Corp., Andres M. Cornejo, Chairman & CEO-Producers Savings Bank, Edmundo C. Medrano, Vice Chairman, President & COO-Producers Savings Bank;

 

From Back Row: Sunver Z. Bastes, Sales Director-TIM Corp.; Rachelle Anne A. Ferrera, Account Manager-TIM Corp.; Nam Le, Regional Sales Manager-Oracle Direct Asia Pacific; Sandra C. Mendoza, Vice President Human Resource and Administrative Services-Producers Savings Bank; Gina T. Rivera, Chief ICT Officer-Producers Savings Bank; Alfred G. Cristobal Jr., SAVP Comptroller-Producers Savings Bank

 


On April 2, 2014 Producers Savings Bank, the largest standalone thrift bank in terms of branch network with 108 operating branches, formally inked and awarded their core banking system infrastructure project to Total Information Management Corp., in partnership with Oracle Philippines. This investment supports the bank’s vision to be the most progressive, stable and strong private development financial institution in the Philippine countryside.

 

The new core banking system is expected to drive and expand the Bank’s array of products and services and further support its branch network expansion as they continue to focus on the countryside to serve its main customers – the progressive farmers and fisherfolks, small and medium enterprises (“SMEs”) and home and motor vehicle buyers. Producers Savings Bank will soon add domestic trade finance to its product offerings. In 2013, Producers Bank added 25 branches to its branch network to further expand its reach, recording a total of 106 branches as of Dec 2013. This reinforces the bank’s position as the largest standalone thrift bank in terms of branch network as Producers Bank intends to open 21 additional branches in 2014.

 

The choice for an Oracle Database, a market leader on Tier 1 Enterprise business applications, will deliver optimized on-line transaction processing, data warehouse & storage performance, bank grade information security and high availability, among others. Overall, Oracle Database will result to a more efficient, resilient and manageable database infrastructure. Ten of the world’s top 10 banks run Oracle applications. Oracle offers a powerful combination of technology and comprehensive, pre-integrated business applications, including key functionality built specifically for banks.

 

About Producers Bank
Producers Savings Bank Corporation, formerly known as “Producers Rural Bank of San Jose City (N.E.) Inc.” started its’ humble beginnings in 1995. Today, with 108 operating branches, the bank also prides itself as the biggest lender to individual palay farmers in the country today. With the bank’s new tagline – “We Support the Local Economy by Helping People Produce More Wealth!” best describes what Producers Bank is doing as a financial institution and the focus of all its business endeavours. The highlight for 2013 insofar as Producers Bank is concerned was its merger with Iloilo City Development Bank (“ICDB”), Producers Bank’s thrift banking subsidiary, on 1 November 2013.

 

About Total Information Management
Total Information Management Corporation is a 100% Filipino-owned I.T. and systems-integrator company established in 1985. As a milestone technology services company, it has set the standards today for highly-reliable and intelligent I.T. business-solutions for companies here and abroad.  TIM's services portfolio comprise of maintenance and engineering services, business continuity and recovery solutions, system integration and outsourcing services.  25 years after its founding, TIM has evolved to be the provider of complete technology solutions which includes business recovery services to organizations in the fields of banking and finance, utilities, telecommunications and government.  Pioneered Business Continuity and Recovery Services in the Philippines -acquired ISO 9001:2000 Certification for its Solutions and Services and Business Recovery Centers. TIM is known as one of the most enduring I.T. companies in the Philippines and a trusted technology partner to some of the country's largest institutions.