June 19, 2006
Bank of Makati Deploys FinnOneTM Core banking suite on IBM pSeries
Rural Bank of Makati, Inc. (RBMI) recently contracted Nucleus' FinnOne Core Banking Suite that will provide a comprehensive, flexible and secured automated solution designed to address the operational and MIS needs of the bank's several departments.
"As part of RBMI's several initiatives to improve productivity levels and strengthen operations, we are investing P80 million this year in information technology to gain more clients," said Mr. German S. Pijuan, Jr., RBMI's CIO.
The bank's technology investments include Core Banking Systems, Branch Computerization, Disaster Recovery Set-Up as well as a comprehensive Security System – all designed to address the bank's growing loan portfolio and network of branches nationwide.
As one of the biggest rural banks in the country, RBMI has been achieving growth with a 140% increase in its 2005 total assets of P4.020 billion compared to the previous year.
FinnOne Core Banking Suite runs on IBM's pSeries server platform. It is an integrated suite of applications designed to support the typical business offerings of Banks and Financial Solutions companies.
Nucleus' exceptional track record and comprehensive portfolio of offerings can potentially transform any banking institution's operations, enabling them to provide unparalleled service to customers.
"Globally, IT investment in the financial services sector has topped US$ 52 million, and expected to cross US$ 81 billion in 2008. With such great potential to tap, it is our constant endeavor at Nucleus to continually enhance and improvise our products and add great value to our customers", stated Vishnu Dusad, Managing Director, Nucleus Software Exports Limited.
Putting all the systems together is Questronix Corporation, an IBM local partner with industry focus in financial services.