Producers Savings Bank Corporation, a leading rural and thrift bank in the Philippines, has partnered with Infosys Finacle to modernize its technology landscape by upgrading to the latest version of the Finacle Core Banking Solution. The bank will also implement the Finacle Origination Solution to rapidly grow its lending business for small and medium enterprises (SMEs) and retail customers, including teachers and underserved communities.

DECENNIAL PARTNERSHIP DEEPENS

This deal builds on a decade-long relationship between Producers Bank and Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys. The collaboration underscores the bank's commitment to modernization as it celebrates 30 years of operations. "Our decade-long association with Infosys Finacle has been pivotal to our modernization journey," said Andres M. Cornejo, Vice-Chairman and Chief Executive Officer of Producers Bank. "As we celebrate 30 years as an institution, this modernization initiative will further strengthen our digital capabilities, enabling us to provide real-time banking services for our growing client base and scale our lending business with greater confidence. We deeply value Finacle’s collaboration, rich functionality, swift deployment, and proven reliability, and we are excited about the new possibilities this transformation will unlock."

Producers Bank, committed to advancing financial inclusion, provides a comprehensive suite of deposit, lending, and investment products tailored for individuals, MSMEs, farmers, and underserved segments across the country through a strong branch network and a growing digital footprint. This upgrade strengthens the bank’s digital foundation, enhances operational resilience, and unlocks new capabilities to deliver broader, faster, and more personalized financial services to its customers. The upgraded Finacle platform comes with a comprehensive API suite which will help the bank integrate seamlessly with the fintech ecosystem, thereby enabling faster innovation and quicker rollout of new offerings for underbanked and unbanked communities, supporting financial inclusion.

LENDING GROWTH ACCELERATED

Central to the transformation is the Finacle Origination Solution, a fully digital loan management platform designed to automate onboarding, slash processing times, and boost staff productivity. With the Finacle Origination Solution, the bank will be able to significantly scale its lending operations, particularly for priority segments such as SMEs and teachers. The bank plans to prioritize SMEs and retail segments like teachers, capitalizing on "unprecedented opportunities for scale" in the Philippine lending ecosystem, as noted by Sajit Vijayakumar, Chief Executive Officer of Infosys Finacle.

"As the Philippine banking sector accelerates its digital shift, the lending ecosystem is seeing unprecedented opportunities for scale. Given our decade-long association with Producers Bank, we are delighted to provide a modern foundation for its next phase of transformation and expansion," Vijayakumar stated. "With Finacle’s latest digital banking solutions, Producers Bank is well placed to capitalize on market opportunities, accelerate growth, and reinforce its position as a leading thrift bank." This move aligns with broader trends in the Philippines, where banks are racing to digitize amid regulatory pushes for inclusion and competition from fintechs.

Finacle solutions address core banking, lending, digital engagement, payments, and more, powering institutions in over 100 countries. For Producers Bank, the platform's rich functionality, swift deployment, and reliability promise broader, faster services. The API-driven architecture will enable quicker rollouts of new products, fostering partnerships with fintechs and supporting inclusive economic progress.

PHILIPPINE BANKING CONTEXT

The Philippine banking sector is undergoing accelerated digitalization, driven by high mobile penetration and government initiatives like the Bangko Sentral ng Pilipinas' digital banks framework. Thrift and rural banks like Producers, which focus on local communities, face pressure to modernize legacy systems while expanding reach. Producers Bank's deposit, lending, and investment offerings are tailored for grassroots needs, but scaling digitally is key to competing with larger universal banks and neobanks.

This partnership reflects a strategic bet on technology to drive growth. By modernizing its tech landscape, Producers Bank aims to handle real-time transactions, improve customer experiences, and tap into SME lending—a sector vital to the Philippines' economy. The Finacle rollout will facilitate automated processes and enhance data analytics for personalized offerings.

STRATEGIC IMPLICATIONS AHEAD

For Infosys Finacle, the deal reinforces its presence in Asia-Pacific, where it has powered transformations for numerous institutions. The company's cloud-native solution suite and SaaS services help banks engage, innovate, operate, and transform. In the Philippines, such upgrades are transformative for financial inclusion.

Producers Bank's evolution signals a maturing thrift banking segment. By leveraging Finacle's proven ecosystem, the bank not only fortifies its competitive edge but also contributes to national goals of inclusive growth. As Cornejo emphasized, the partnership unlocks "new possibilities," from seamless fintech integrations to expanded services for farmers and MSMEs. Vijayakumar's optimism highlights the timing: with digital lending booming, Producers is primed for expansion.

This initiative exemplifies how targeted tech investments can propel regional banks forward, blending legacy trust with cutting-edge capabilities to serve evolving customer demands.