Wednesday, January 7, 2009

Philippine Farmers Bank Turns to Misys to Underpin its Consumer Lending Business

LONDON, January 7, the global application software and services company, today announces that Philippine Farmers Bank has chosen Misys to strengthen its lending business and increase its ability to respond to and service its customers throughout the country.

Philippine Farmers Bank is a rural bank that provides retail banking services in the Philippines, including traditional deposit, loan products and cash management. Having established itself as the leading bank for both consumers and small and medium-sized businesses to have access to these services in one place, it is now focused on growing its business further and keeping ahead of the competition.

Philippines Farmers Bank selected Misys from among the several vendors offering a core banking solution. The bank was looking for a trusted partner with both the knowledge and the experience to help it to achieve its goals without impacting the high level of customer satisfaction the bank had built in its business.

"We turned to Misys because of its track record in the region and its ability to support banks growing their business," stated Ronaldo C. Alaya-ay, Manag

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