Philippine Veterans Bank picks Fiserv front office for digital revamp
Philippine Veterans Bank (PVB) has chosen Fiserv’s front office DigitalAccess solution for its digital overhaul.
The bank is a long-standing user of Finastra’s (formerly Misys) tech in the back office, including Equation for core banking, Trade Innovation for trade finance and Opics for treasury and capital management. The new front office software will be integrated from Finastra’s core processing tech.
Camille Maricelle M. Canullas, SVP and information technology group head, Philippine Veterans Bank, says: “We were confident choosing Fiserv because they have a proven record of successfully launching digital banking capabilities, and we knew they could help us navigate new areas.”
PVB will use DigitalAccess for online and mobile banking. This will integrate with the core account processing platform, and enables onboarding to allow customers to open bank accounts and apply for loans and other banking products without having to visit a bank branch.
Additional features include personal financial management tools, online mobile phone top-up capabilities, biometric authentication, actionable push notifications, and ATM and branch location searches.
PVB is a private commercial entity and is owned by Filipino World War II veterans and their heirs. It has 60 branches located nationwide and caters to both corporate and retail financial markets. It is also an authorised government depository bank.
As part of its charter, 20% of PVB’s annual net income is entrusted to the Board of Trustees for the Veterans of World War II (BTVWWII) for the benefit of World War II veterans and their descendants.