Cebuana Lhuillier Bank selects Temenos to expand rural banking services in Philippines

Cebuana Lhuillier Bank Selects Temenos to Expand Rural Banking Services for Unbanked Filipinos
Cebuana Lhuillier Bank Selects Temenos to Expand Rural Banking Services for Unbanked Filipinos

Temenos announced recently that Cebuana Lhuillier Bank , a rural banks in the Philippines, has selected Temenos to modernize its core banking platform to help this A bank serving 7 million Filipinos launched new banking products quickly and expanded efficiently. Cebuana Lhuillier Bank aims to expand its product range with Temenos and increase the number of customers to more than 11 million within five years.

Cebuana Lhuillier Bank provides credit and savings accounts for individuals, small and medium enterprises, and supports the development of individuals and small and medium enterprises. With more than half of the Philippines’ 113 million people living in rural areas, banks such as Cebuana Lhuillier Bank play a key role in meeting the financial needs of residents in remote and underserved areas of the country.

Temenos’ core banking platform enables Cebuana Lhuillier Bank to manage customer accounts and transactions flexibly and conveniently, with significantly improved performance and efficiency, and deliver personalized products to customers faster and at lower cost. In other words, Cebuana Lhuillier Bank can introduce affordable new loan products, such as motorcycle loans, to attract new customers while achieving sustainable growth. The solution will be implemented by Orion Innovation, Temenos’ delivery partner.

Orion provides a complete suite of digital services and technology solutions to help banks update and transform their legacy systems, and design and develop next-generation products that enable banks to create new business opportunities. As a cross-regional partner of Temenos, Orion specializes in providing comprehensive implementation and integration capabilities of core banking, payment and digital banking solutions to Temenos customers around the world.

As a regulated financial institution under the supervision of the Philippine central bank, the Temenos solution also helps the bank more easily adapt to changing market conditions and local regulatory requirements. Previously, such changes required a lengthy and complex manual process.

While Cebuana Lhuillier Bank will initially deploy the Temenos solution in its on-premises data center, the cloud-based solution gives the bank the flexibility to easily migrate to the cloud in the future.

Jean Henri Lhuillier, Vice Chairman of Cebuana Lhuillier Bank, commented: “Cebuana Lhuillier’s commitment to financial inclusion remains unwavering. Access to reliable financial services is critical in the Philippines and this partnership Delivering better services, products and opportunities that lead to meaningful change.”

Dennis Valdes, President of Cebuana Lhuillier Bank, added: “The financial industry is constantly evolving due to rapid technological advancement. Our client needs are constantly changing and it is our responsibility to not only meet client needs but exceed client expectations. This This alliance is a testament to our commitment to embracing innovation and redefining our commitment to the banking experience for our valued customers.”

Ramki Ramakrishnan, Managing Director of Temenos Asia Pacific, said: “We are delighted to welcome Cebuana Lhuillier Bank as the newest member of the Temenos family in the Philippines. With a strong presence in the country, our partnership with Cebuana Lhuillier Bank strengthens Temenos’ position and enables It becomes the clear choice for banks of all sizes and segments, including rural banks and savings banks. We are the banking platform for everyone. We eagerly look forward to the success of Cebuana Lhuillier Bank.”

Anoop Gala, Global Head of Financial Services at Orion Innovation added: “We are excited to embark on the core modernization program of Cebuana Lhuillier Bank in the Philippines. Our full service offering around Temenos, combined with our regional presence in the Philippines, allows us to secure core banking Successful transformation. This transaction strengthens and strengthens our core business with Temenos, in line with our strategy to accelerate digital transformation for our customers.”


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