Robinsons Bank taps software solutions firm

(The Philippine Star) - October 15, 2019 - 12:00am

MANILA, Philippines — Software solutions company MultiSys Technologies Corp. has sealed a partnership with Gokongwei-led Robinsons Bank Corp. to develop an advanced software solution that will strengthen the bank’s data security and streamline operations through automation.

MultiSys is set to create a digital operational risk management system for the commercial bank, in line with the requirement of the Bangko Sentral ng Pilipinas (BSP) for all banks to adopt an effective risk management system to ensure healthy and safe operations.

The system will further secure data and automate the operational and other risk management tools of the bank to promote a more effective and compliant enterprise-wide risk management system.

MultiSys president and chief executive officer David Almirol said the company promotes technology adoption and data security in the Philippine banking and finance industry.

“Our partnership with Robinsons Bank will help us achieve our goal to help companies keep pace with the rapid digital transformation in the Philippines. In this age, data is the most valuable asset that a company can hold. The ORMS will not only ensure data security, but it will also help the company prepare and avoid risks that will negatively affect its business and consumers,” Almirol said.

Robinsons Bank president and CEO Elfren Antonio Sarte said banks and financial institutions need to speed up their efforts on digitalization to improve business operations and meet the evolving needs of Filipino consumers.

“This partnership brings us a step further in our digital transformation journey.”

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