Financial services software applications provider Finastra, known for its expertise in advanced treasury and banking solutions, has joined forces with Total Information Management Corporation (TIM Corp), a renowned provider of data centre services, managed services, and IT infrastructure. This partnership is set to revolutionise treasury service solutions in the Philippines.
"Our partnership with Finastra represents a significant step forward in delivering advanced treasury and banking solutions to financial institutions across the Philippines," said Migs De Guzman, senior assistant vice president of Financial Services Business at TIM Corp. "Combining Finastra's global expertise with TIM Corp's local knowledge and infrastructure, we can empower our clients to embrace digital transformation while improving operational efficiency."
Fostering innovation and collaboration
By leveraging Finastra's cutting-edge Opics core treasury solution and robust managed services capabilities, the partnership is introducing a game-changing cloud-based treasury management solution. This solution is designed to significantly reduce total cost of ownership (TCO) and simplify bank infrastructure management.
The partnership aims to achieve seamless cloud transformation, enabling scalability and flexibility. This will allow financial institutions to adapt to changing market conditions and customer needs more effectively. It also aims to provide comprehensive outsourcing options to enhance operational and technical efficiency, reducing the burden on in-house IT teams and allowing them to focus on strategic initiatives.
The partnership also underscores a commitment to fostering innovation and collaboration in the financial sector.
"This partnership fills a crucial gap in the region by providing local banks with access to a world-class treasury solution backed by TIM Corp's managed services expertise," said Richard Zhu, managing director for Treasury and Capital Markets (APAC) at Finastra. "We are confident this will drive sustainable growth and innovation for clients. It also reinforces Finastra's commitment to empowering financial institutions globally while strengthening its local presence in the Philippines."
