Finastra has partnered with Total Information Management (TIM) to introduce a cloud-based treasury solution aimed at financial institutions in the Philippines.
The collaboration will combine Finastra’s Opics platform with TIM’s local managed services and IT infrastructure to support the modernisation of treasury operations across the country.
The cloud-enabled solution is designed to reduce the total cost of ownership for banks while offering scalable and flexible infrastructure management. It also provides full outsourcing options intended to increase operational and technical efficiency across treasury functions.
Finastra treasury and capital markets (APAC) managing director Richard Zhu said: “This partnership fills a crucial gap in the region by providing local banks with access to a world-class treasury solution backed by TIM Corp’s managed services expertise.
“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.”
Opics, Finastra’s core treasury and back-office solution, will be used to manage front-to-back treasury activities, including deal inception, settlement, and accounting.
The platform is equipped with straight-through processing functionality and serves a range of institutions, including digital, regional, and commercial banks, as well as community banks and credit unions.
By collaborating with TIM, which has a strong presence in the Philippines and experience in core banking and risk analytics, Finastra aims to extend its regional reach and enhance support for banks seeking to streamline their treasury operations.
The partnership is expected to address infrastructure and cost challenges while enabling financial institutions to adopt more agile service models.
TIM financial services business senior assistant vice president Migs De Guzman said: “Our partnership with Finastra represents a significant step forward in delivering advanced treasury and banking solutions to financial institutions across 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.”
The agreement with TIM follows a separate development involving Finastra’s expanded relationship with IBM in North America and Europe.
In that initiative, IBM is supporting the rollout of Finastra’s Lending Cloud Service, which covers corporate lending platforms such as Loan IQ, Trade Innovation, and Corporate Channels.
IBM is providing design and implementation support through its enterprise AI platform, watsonx, and will continue managing operations for Finastra’s clients in these regions.
