Four Major Rural Banks sign up
for Advanced CORE Banking Solution

Four of the country’s major and leading rural banks recently signed up for the new, modular, and advanced CORE Banking Solution, ENCASH SAVANT.  GM Bank of Nueva Ecija, Bank of Florida of Pampanga, Bangko Kabayan of Batangas, and 1st Valley Bank of Lanao del Norte, can now provide true, effective, and secure ATM services through the web-based SAVANT suite of applications.  The product is designed to provide rural banks a real, centralized, multi-branch, online system with account balance updates performed in real time.

In cooperation with PLDT Business Solutions, SAVANT is designed to utilize the new Shops.work Unplugged (SWUP) wireless data communication service, allowing the banks to achieve significant savings in keeping their remote branches online.

The entire suite of International Accounting Standards (IAS)-compliant applications consist of solutions for the complete Deposit System and Loans, which include Micro Finance and General Ledger.  An AMLA application module is also planned for inclusion in the system soon.  Photo shows executives in attendance during the contract signing: (L-R) Luigi Lopa – PLDT Corporate Sales Business Head, Atty. Nickolas Lim – 1st Valley Bank President, Nerissa Ramos – PLDT FVP and Head of Corporate Business Solutions, Cesar Enriquez – PLDT FVP and Corporate Business Operations Officer (back), Teresa David-Carlos – Bank of Florida President (front), Atty. Francis Ganzon – Bangko Kabayan President, Juan Miguel Mapa – ENCASH Director, Eric Alberto – PLDT SVP and Head of Corporate Business Group, Eric Severino – ENCASH President (front), Raymond Go – ENCASH Director, Tomas Gomez IV – GM Bank President.