With the Philippine economy continuing to perform well, Indonesian systems integration company Anabatic Technologies has formally inaugurated its local subsidiary to cater to the growing number of firms that are deploying or upgrading their IT systems.
Anabatic Technologies, which undertook its IPO in the Indonesian Stock Exchange only last July, also recently opened its business offices in Chennai and Bangalore in India.
The tech firm?s Philippine operation at the Bonifacio Global City has actually been running for a year. A lean staff is led by IT veteran Daniel Viray, who also serves as regional director and country manager.
Anabatic said it is impressed with the economic growth of the Philippines and is confident that the company can post a steady growth in the local IT market.
The tech firm said a young workforce, robust services industry, fiscal stability, and improved labor market have all contributed in allowing the country to register impressive growth rates and investment-grade ratings.
?With a positive outlook, Anabatic Technologies Philippines’ presence will focus on systems integration ? end-to-end provisioning from hardware infrastructure design, system software, leveraging on our partners and alliances with IBM, SAP, Microsoft, and Oracle from our corporate organization to the country-level replication,? the company said in a statement.
With a major focus in the banking and the financial services market, Anabatic said its core strength lies in implementing the ?T24 Core Banking Systems? from Temenos of Switzerland.
The local banking community, especially the rural banks and thrift banks, could benefit form affordable implementation of the same core banking system enjoyed by large commercial banks, the company said.
Viray said a team of Filipinos with consultants from India they is currently implementing T24 core banking systems for five local banks.
?Anabatic is also continually extending its solutions and services offer in the Philippines, replicating what we are currently doing in Indonesia and the rest of the world,? Viray said.
The Indonesian firm said it also solutions in the area of fraud management, anti-money laundering, security, cybercrime prevention, online fraud protection services, and security information event management. It is also capable of implementing mobile banking through its “pocket banking” solution.
The integration of disparate systems leveraging on its “Fiorano” technology also allows for banks to incorporate existing applications to its core banking application system, the company said.
“With the coming of Anabatic Technologies Philippines, we are very much optimistic of the significant potential growth in areas where we see the urgent need of ‘banking the unbanked’,” said Viray.
Handojo Sutjipto, president of Anabatic Technologies, said the Asean ?economic era? has arrived. The culture, social, and economic aspects are integrated in the region, allowing Anabatic to expand its business in Asean countries.
“By having this strategy, we hope to achieve better financial market coverage and to optimize the efficiency of human resource management,” Sutjipto said.