Sterling Bank of Asia, a progressive Philippine bank, has chosen Infosys Finacle’s Software-as-a-Service platform to drive its next-generation transformation program. The announcement was made on June 25 by Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys.
Solutions Selected for Modernization
Sterling Bank will leverage Finacle Core Banking, Finacle Customer Data Hub, Finacle Trade Finance, and Finacle Origination solutions. The bank expects these tools to enhance employee and customer experiences, maintain high availability and reliability, and reduce operational complexity through automation and digitization, supporting future growth.
Benefits of SaaS Deployment
The SaaS-based deployment will simplify technology operations management, allowing Sterling Bank to focus on strategic growth and innovation. The bank will drive faster innovation cycles while staying secure and compliant through periodic upgrades, security, and feature enhancements. The cloud-hosted model enables seamless, on-demand scaling to meet evolving business needs.
Executive Perspectives
Cecilio Paul D. San Pedro, President and CEO of Sterling Bank of Asia, said, "At Sterling Bank of Asia, we aim to integrate forward-thinking solutions into our operations to better serve the Philippine market. Achieving this requires us to continuously respond to fast-evolving customer expectations, the accelerating pace of digital innovation, and an increasingly complex regulatory landscape. Modernizing our technology foundation for both core and digital banking is essential to realizing our goals. With Infosys Finacle, we have a trusted transformation partner and a next-generation banking platform that will equip us to meet the dynamic requirements of our business, our customers, and the wider regulatory environment."
Sajit Vijayakumar, CEO of Infosys Finacle, added, "Our collaboration with Sterling Bank of Asia is yet another example of Finacle's growing presence in the Philippines. This collaboration reflects our continued commitment to delivering next-generation solutions to thrift banking community without upfront infrastructure investments. With Finacle SaaS, tailored for the Philippine market, Sterling Bank of Asia will gain a modern, customer-first digital banking platform to help position the bank for long-term success."
About Infosys Finacle
Finacle, a unit of EdgeVerve Systems, is an industry leader in digital banking solutions. Its cloud-native suite and SaaS services help banks engage, innovate, operate, and transform better. Finacle solutions address core banking, lending, digital engagement, payments, cash management, wealth management, treasury, analytics, AI, and blockchain. Banks in over 100 countries rely on Finacle to serve more than a billion people and millions of businesses.
