Finastra and TIM Corp Join Forces to Revolutionize Treasury Solutions in the Philippines

In a significant move aimed at enhancing the financial landscape of the Philippines, Finastra, a prominent global provider of financial services software, has partnered with Total Information Management Corporation (TIM Corp). This collaboration is set to address the pressing treasury service challenges faced by financial institutions in the region. By harnessing Finastra's innovative Opics core treasury solution alongside TIM Corp's extensive managed services, the partnership promises to deliver groundbreaking improvements in efficiency and effectiveness in treasury management.

A New Dawn for Treasury Management

The newly forged partnership is more than just a collaboration; it’s a strategic alliance aimed at redefining how treasury services are delivered across the Philippines. With a focus on integrating a cloud-based treasury management solution, the initiative aspires to significantly reduce the total cost of ownership (TCO) for banks while simplifying infrastructure management. This development is particularly critical as financial institutions seek to navigate the complexities of modern banking in an increasingly digital world.

Key benefits of this new cloud solution include seamless cloud transformation, scalability, flexibility, and comprehensive outsourcing options. These enhancements are expected to elevate operational and technical efficiency for banks, allowing them to focus on their core business objectives without being bogged down by outdated infrastructures.

Voices from the Industry

Migs De Guzman, Senior Assistant Vice President for Financial Services Business at TIM Corp, expressed his enthusiasm about the partnership, noting, “Our collaboration with Finastra represents a significant leap forward in providing advanced treasury and banking solutions tailored for financial institutions throughout the Philippines.” De Guzman further highlighted the combination of Finastra’s global expertise and TIM Corp's local insight as a powerful enabler for digital transformation in the banking sector.

By aligning with TIM Corp, known for its deep local roots and experience in core banking and risk analytics, Finastra enhances its support for regional banks, providing tailored solutions that meet their unique needs. This partnership is a clear testament to Finastra’s commitment to fostering innovation within the financial services ecosystem.

“In partnering with TIM Corp, we are filling a crucial gap by granting local banks access to world-class treasury solutions, bolstered by TIM Corp's managed services expertise,” said Richard Zhu, Managing Director for Treasury and Capital Markets (APAC) at Finastra. “We believe this collaboration will not only drive sustainable growth and innovation for our clients but will also reinforce our commitment to empowering financial institutions globally while enhancing our local presence in the Philippines.”

About Finastra and TIM Corp

Finastra stands as a key player in the global financial services software market, offering a range of applications spanning lending, payments, treasury and capital markets, and universal banking solutions. The company’s vision is to unlock potential and accelerate the future of Open Finance through technological innovation and collaborative efforts. With around 8,100 financial institutions relying on its solutions—including 45 of the world's top 50 banks—Finastra is recognized as a leader in the industry.

On the other hand, TIM Corp has built a robust reputation over the last four decades as a trusted partner in IT services, focusing on data center solutions, cybersecurity, and managed services. The company’s expertise lies in addressing technology gaps for banking institutions, offering strategic advantages in operational technology, data security, and cloud integration.

Looking Ahead

With the financial landscape in the Philippines evolving rapidly, the partnership between Finastra and TIM Corp is poised to be a game-changer. By leveraging cutting-edge technology and local expertise, the collaboration aims to not only enhance treasury solutions but also support the broader digital transformation agenda for banks in the region. As financial institutions continue to seek innovative solutions that cater to their operational needs, this partnership marks a significant milestone in the journey towards a more efficient and future-ready banking sector in the Philippines.