Payment news, August 10

Philippine National Bank selects Misys solution

The Philippine National Bank (PNB) has implemented integrated solutions from Misys to expand its treasury business; they include, Opics Plus 3.0, Opics Risk Plus and Eagleye. The solutions will enable the bank to more effectively manage the growth of its treasury operations and keep market risk as low as possible.

“We are thrilled to be working with PNB as it enters the latest phase of its development,” said Lee Boon Huat, Asia-Pacific managing director of Misys, in a statement. “This represents the first implementation of the latest version of Misys Opics Plus in the Philippines.”

PNB also partnered with Western Union, to allow money transfer services in its bank branches, in June this year.

Hatton National Bank favours Infosys’s Finacle

Hatton National Bank (HNB) has chosen Infosys’s Finacle universal banking solution for its operations in Sri Lanka. Finacle’s core banking, treasury and consumer e-banking solutions have been implemented across HNB’s 191 customer centres, 320 automated teller machines and 4,618 points of service reaching more than 2.8 million customers.

“Advanced core banking technology is vital to achieving our business growth objectives and improving customer service,” said R Theagarajah, chief executive and managing director of HNB, in a statement. “We selected Finacle for its global leadership, committed investment in research and development in core banking and unmatched delivery record. Finalce has provided higher scalability and flexibility to service our diversified retail, institutional and corporate clientele.”

“South Asia has been a core growth engine for Finacle and we continue our focus to bring business-relevant offerings and services to banks in the region,” added Haragopal Mangipudi, global head of Finacle.

BDO offers cash management services for SMEs

Banco De Oro Unibank (BDO) of the Philippines is offering three cash management services as a package for small and medium-size enterprises (SMEs). SME customers of BDO that maintain a minimum daily account balance average of Ps 500,000 ($11,130) will be able to use the payroll, cheque disbursement and corporate internet banking services provided by BDO.

“All the entrepreneurs have to do is open a peso or cheque account and maintain an ADB (average daily balance) of at least half a million pesos,” said Edgardo Marcelo Jr, BDO’s vice-president of cash management services, in a statement. “We will also ask them to accomplish a data sheet, sign the memorandum of agreement and submit either a board resolution or secretary’s certificate.”