FIS has announced that Philippine National Bank has signed a multi-year agreement for delivery of an integrated retail payments platform supported by the FIS Connex Electronic Funds Transfer switching solution.
PNB serves more than two million customers with a wide array of banking products. The bank maintains remittance centers in the U.S. and Canada, as well as a number of countries in Europe, Asia and the Middle East.
PNB selected FIS' Connex for its EFT processing capabilities, which offer an extensive local support network. PNB will be able to rely on a team of FIS specialists based in the Philippines to support its new switching platform. An enterprise-grade EFT and payments switching solution, Connex is used by many institutions whose monthly volume exceeds one billion transactions.
"PNB selected FIS' ATM solution for its ability to modernize the bank's existing payment platform, enabling PNB to offer up-to-date features in response to customer demands. The robust functionality, high availability and scalability of FIS' Connex platform will provide PNB with an improved ability to meet business requirements in a dynamic market," said Ramon Abasolo, first senior vice president and CTO at Philippine National Bank.
"FIS is the leading provider of technology to banks in the Philippines and our clients include five of the top 10 banks in the country," said Raja Gopalakrishnan, FIS group managing director for Asia. "FIS switching solutions power the largest interbank ATM network in the Philippines today. Our solutions deliver full-service ATM driving and switching for clients of all sizes, while offering the highest levels of performance, flexibility and scalability. Our success in the Philippines is a testament to the ability of FIS to deliver the depth and breadth of technology required by top-tier clients."
For more on this topic, visit the networking/connectivity research center.