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, with teachers named as a priority segment.

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 upgrade comes as the bank celebrates 30 years as an institution. "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.

"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."

Finacle solutions address core banking, lending, digital engagement, payments, and more, powering institutions in over 100 countries.

Cornejo said the modernisation will enable the bank to provide real-time banking services for its growing client base and scale its lending business with greater confidence.

STRATEGIC IMPLICATIONS AHEAD

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