Sterling Bank of Asia has selected the Infosys Finacle Software-as-a-Service (SaaS) platform to drive its next-generation digital transformation.

The strategic technology shift will replace legacy infrastructure with advanced automation systems, according to an official press release.

The bank will deploy a suite of digital applications, including Finacle Core Banking, Customer Data Hub, Trade Finance, and Origination solutions.

By shifting to a cloud-hosted framework, the thrift bank intends to lower initial infrastructure investments while simplifying day-to-day IT operational complexities.

The new deployment pattern allows the financial institution to access periodic software upgrades, security patches, and structural feature enhancements automatically.

This technical flexibility will help the domestic bank scale its operations on demand to meet evolving transaction volumes in the country.

“Modernising our technology foundation for both core and digital banking is essential to realising our goals,” said Cecilio Paul D. San Pedro, President and CEO, Sterling Bank of Asia.

San Pedro noted that the platform enables the bank to better navigate complex regulatory frameworks while meeting local customer expectations.

Infosys Finacle, operated by EdgeVerve Systems, has been steadily growing its footprint within the domestic financial landscape.

“With Finacle SaaS, tailored for the Philippine market, Sterling Bank of Asia will gain a modern, customer-first digital banking platform,” said Sajit Vijayakumar, CEO, Infosys Finacle.

Vijayakumar added that the platform provides mid-tier and thrift institutions access to enterprise-grade core applications without heavy upfront capital expenses.

Featured image: Edited by Fintech News Philippines based on an image by starmultikharisma via Magnific.