IBM, Infosys roll out P1-B tech project for RCBC

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[/caption] In a press briefing, RCBC officials said it picked the Finacle core banking solution from Infosys on the IBM System z server to transform its business in an increasingly competitive consumer banking market. From its current customer base of 3.6 million, the bank has set a goal of having 10 million new customers by 2014. RCBC said it selected Finacle on IBM System z to consolidate data and applications from across disparate systems and establish a single source of customer information. This is the first installation in the world of Finacle running on Linux on System z with DB2 for z/OS. The solution also includes IBM Tivoli Monitoring software to review day-to-day system performance and utilization of mainframe servers. The new solution is also expected to provide the foundation RCBC needs to create services that will increase customer adoption for its MyWallet electronic cash card, one of its more popular products. The bank is targeting to grow its cash card base by four million this year — more than doubling the 1.8 million users it on-boarded last year. The core banking-led transformation entailed upgrading 96 application systems, reconfiguring over 400 branches and migrating 3.2 million customers. With the potential to impact three million transactions month-on-month, the transformation was orchestrated with no disruption in services to RCBC clients, the company said. ?The transition to Finacle core banking on the IBM System z platform — while quite a significant project — was the smoothest and most seamless transformation I have participated in,? said Dennis Bancod, senior executive vice president and head of the information technology shared services and operations groups of RCBC. RCBC will also use this new solution to reach “the unbanked” — farmers, small business owners and other clients in provincial sites where ATMs and bank branches are difficult to operate. RCBC said it will be able to offer this under-served market new services like micro-financing, and make banking services available through expanded partnerships such as with grocery stores. ?As businesses in developing markets like the Philippines expand their infrastructures to support economic growth, the need for systems with high levels of transaction processing capability increases,? said Mariels Almeda Winhoffer, country general manager for IBM Philippines. ]]>

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