Security Bank Picks ACI Worldwide to Power Its Real-Time Payments Platformby Fintech News Philippines March 9, 2023
Philippines’ Security Bank has selected ACI Worldwide, a global provider of real-time payments and digital payment software solutions, to help strengthen its real-time payment capabilities.
ACI Worldwide’s Enterprise Payments Platform solution will provide full payment hub capabilities for low- and high-value payments, including payment processing, domestic scheme gateways and SWIFT on ISO 20022 standards on a single platform.
The cloud-native real-time payment platform will enable Security Bank to provide secure services across consumers, merchants and corporate payments with emerging and new payment types.
ACI provides the central infrastructure for Indonesia’s real-time payment initiative BI-FAST, Malaysia’s Real-time Retail Payments Platform as well as supports Thailand’s National ITMX.
The company covers approximately one-third of the countries that offer real-time payments services, reaching about 1.8 billion people, including central governments, payment networks, banks, financial institutions and fintechs.
“With the Philippine payments system primed for rapid growth, we require a technology platform that is scalable and can be modified as our customers’ needs and demands evolve.
The ACI partnership will enable us to provide our customers with a seamless real-time payments experience, aligned with Security Bank’s brand promise of Better Banking,”
said Stephen John Bell, SVP and Channels Network Group Head at Security Bank Corporation.
“By utilising ACI Worldwide’s technology, Security Bank will be able to bring new products and services to customers faster, add new payment alternatives seamlessly and cost-effectively to its existing core infrastructure, and tap into ACI Worldwide’s payment ecosystem in the APAC region.
We look forward to Security Bank providing personalized digital experiences that can cater to ongoing change, complexity and uncertainty.”
said Leslie Choo, Senior Vice President, Managing Director – APAC, ACI Worldwide.