Top from Left to Right: Errol Pereira – Bankware Global Head, Partnership; Carter Kim, and Ricky Banico – Bankware Global, Solution Architects Bottom from Left to Right: Daniel Lee – Bankware Global, Chief Revenue Officer; Henry Velasco – Bankware Global, Business Development Consultant; Ramon Jocson – Bankware Global, Chairman; Cesar Amaldo – OUR Bank, President; Leo Escano – OUR Bank, GM; Julius Villanueva – OUR Bank, Senior IT Officer; Josmin Alvarez – OUR Bank, Corporate Secretary and Assistant GM
Bankware Global has officially announced its partnership with One Unified Rural Bank, Inc. (OUR Bank) as their pilot project for Rural Banks in the Philippines. The Ceremonial Signing of the Partnership Agreement took place at the Diamond Hotel Manila, on January 17, 2024.
Present during the ceremony are the representatives of OUR Bank headed by its President, Mr. Cesar Arnaldo, General Manager, Mr. Leo Escaño, Assistant General Manager, Ms. Josmin Alvarez, and Senior IT Head, Mr. Julius Villanueva. Duly representing Bankware Global are its respective key officers namely, Head Partnership, Mr. Errol Pereira, Solution Architects, Mr. Carter Kim, and Mr. Ricky Banico, Business Development Consultant, Mr. Henry Velasco, Chief Revenue Officer, Mr. Daniel Lee, and Bankware Asia Pte Ltd Chairman, Mr. Ramon Jocson. Gracing the occasion are the Board of Directors of the Rural Bank Association of the Philippines (RBAP) and the Board of Trustees of Rural Bankers Research and Development Foundation Inc. (RBRDFI).
Bankware Global is a Korean-based company that was established in 2010. With more than 10 years in specializing in the development of core systems for financial institutions, they are known to be the second largest cloud-based core banking system provider in South Korea.
OUR Bank was established in July 2020, and is a consolidation of four Rural Banks in Cavite including the Rural Bank of General Trias, Rural Bank of Maragondon, Bangko Noveleta, A Rural Bank, Inc.; and Sto. Nino Rural Bank. OUR Bank is the only Rural Bank approved under the Consolidation Program for Rural Banks (CPRB) Program by the Monetary Board of the Bangko Sentral ng Pilipinas (BSP). They currently have 7 branches located in key cities and municipalities in Cavite.
As OUR Bank continues to be one of the most progressive Rural Banks in the Philippines, they aim to provide clients with their innovative products and services through technologically- updated resources.
Since digitalization is the future of banking, Mr. Ramon Jocson, Chairman of Bankware Asia, Pte Ltd and former COO, and EVP of BPI, engaged OUR Bank to be partners, enabling them to expand their services.
During the ceremony, Mr. Arnaldo, shared a brief account of the challenges they faced during the process of updating their core banking system. However, he also highlighted that through the utilization of Bankware Global, they can now facilitate fast financial transactions and provide round-the-clock banking services.
The Partnership Agreement intends to foster innovation for quicker and seamless financial product transactions, enhancing bank services, such as mobile app that will be more convenient and accessible to their clientele.
As stated by Mr. Cesar Arnaldo, “We are excited to embark on this dynamic partnership as we aim to deliver innovative banking solutions, and to promote a long lasting relationship with our clients as we continue to elevate our next steps in our Digital Transformation Journey.”
This signifies that unity and collaboration will ensure smooth operations and allow. them to meet the success they aspire while catering to the needs of their valuable clients.
This partnership is truly a testament that “OUR Bank is your Bank!” now and in the future!