Finastra has partnered with Total Information Management Corporation (TIM Corp), a Philippines-based data centre services and IT infrastructure. The collaboration aims to improve treasury service challenges in the Philippines by combining Finastra’s Opics core treasury solution with TIM Corp’s managed services.

The partnership introduces a cloud-based treasury management solution. This solution is designed to lower the total cost of ownership and simplify infrastructure management for banks.

Benefits include a transition to the cloud, offering scalability and flexibility. It also provides outsourcing options to potentially boost operational and technical efficiency.

Migs De Guzman, Senior Assistant Vice President at TIM Corp, stated that this partnership with Finastra represents a step forward in delivering advanced treasury and banking solutions to financial institutions in the Philippines.

“Combining Finastra’s global expertise with TIM Corp’s local knowledge and infrastructure, we can empower our clients to embrace digital transformation while improving operational efficiency,” Migs De Guzman said.

By working with TIM Corp, Finastra aims to better support regional banks with advanced, tailored solutions. Richard Zhu, Managing Director at Finastra, believes this partnership will provide local banks with access to a treasury solution supported by TIM Corp’s managed services.

“We are confident this will drive sustainable growth and innovation for clients. It also reinforces Finastra’s commitment to empowering financial institutions globally while strengthening its local presence in the Philippines,” said Richard.

Finastra offers financial services software for lending, payments, treasury, and capital markets. TIM Corp provides data centre services, cybersecurity, managed services, and IT infrastructure. They have experience working with banking institutions in the Philippines.

Featured image credit: Edited from Freepik.