Infosys Finacle, part of EdgeVerve Systems and a wholly owned subsidiary of Infosys, a global leader in AI-first business consulting and technology services, has announced that Sterling Bank of Asia (Sterling Bank), one of the Philippines’ most progressive banks, has selected the Infosys Finacle Software-as-a-Service (SaaS) platform to power its transformation program. As part of this initiative, Sterling Bank will leverage Finacle Core Banking, Customer Data Hub, Trade Finance, and Origination solutions. Through this strategic collaboration, the bank aims to enhance both employee and customer experiences, ensure high levels of service availability and reliability, and reduce operational complexity through greater automation and digitization, supporting its future growth ambitions.
With the new platform, Sterling Bank will streamline its technology operations through a SaaS-based deployment, enabling it to focus more on strategic growth and innovation. The platform will also support faster innovation cycles while ensuring security and compliance through regular upgrades and feature enhancements. Additionally, the cloud-hosted model will allow the bank to scale seamlessly on demand to meet evolving business needs.
Cecilio Paul D. San Pedro, President and Chief Executive Officer, Sterling Bank of Asia, said, “At Sterling Bank of Asia, we aim to integrate forward thinking solutions into our operations to better serve the Philippine market. Achieving this requires us to continuously respond to fast evolving customer expectations, the accelerating pace of digital innovation, and an increasingly complex regulatory landscape. Modernizing our technology foundation for both core and digital banking is essential to realizing our goals. With Infosys Finacle, we have a trusted transformation partner and a next generation banking platform that will equip us to meet the dynamic requirements of our business, our customers, and the wider regulatory environment.”
Sajit Vijayakumar, Chief Executive Officer, Infosys Finacle, said, “Our collaboration with Sterling Bank of Asia is yet another example of Finacle’s growing presence in the Philippines. This collaboration reflects our continued commitment to delivering next-generation solutions to thrift banking community without upfront infrastructure investments. With Finacle SaaS, tailored for the Philippine market, Sterling Bank of Asia will gain a modern, customer first digital banking platform to help position the bank for long term success.”
