Finastra, a global provider of financial services software applications, has announced a strategic partnership with Total Information Management Corporation (TIM Corp), the Philippines-based data center services, managed services, and information technology (IT) infrastructure firm, to boost treasury solutions in the Philippines.

This collaboration aims to elevate treasury service challenges across the Philippines with Finastra’s cutting-edge Opics core treasury solution and robust managed services capabilities, Finastra said in a statement on Thursday.

The partnership introduces a cloud-based treasury management solution designed to reduce total cost of ownership (TCO) and simplify infrastructure management for banks.

Key benefits include seamless cloud transformation, enabling scalability and flexibility, and comprehensive outsourcing options to enhance operational and technical efficiency.

“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,” said Migs De Guzman, Senior Assistant Vice President, Financial Services Business at TIM Corp.

By partnering with TIM Corp, a trusted partner for core banking and risk analytics with a strong local presence, Finastra said it enhances its ability to support regional banks with advanced, tailored solutions.

It also underscores Finastra’s commitment to fostering innovation and collaboration in the financial sector.

“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,” said Richard Zhu, Managing Director for Treasury and Capital Markets (APAC) at Finastra.

“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,” he added.

Finastra is a global provider of financial services software applications across lending, payments, treasury and capital markets, and universal (retail and digital) banking.

The firm aims to accelerate the future of open finance through technology and collaboration.

Its platform is used by about 8,100 financial institutions, including 45 of the world’s top 50 banks.

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