Temenos, a leading provider of banking software, said four Philippine banks signed up for Temenos T24, its award-winning core banking system. Temenos will provide new core banking systems to EastWest Bank, GM Bank, Optimum Bank and another leading commercial bank, to support the growth strategies and expansion of each institution.

“As one of the fastest-growing economies in the world, the Philippines’ banking ecosystem is maturing at an accelerating pace, in line with the growth in GDP. With a historically ‘unbanked’ population, many Filipinos are now opening bank accounts for the first time. Temenos T24 has been selected by four very different financial institutions—with a shared ambition for rapid expansion—to underpin their growth strategies,” said Temenos regional director for Asia Pacific Raju Daryani.

“As one of the fastest-growing economies in the world, the Philippines’ banking ecosystem is maturing at an accelerating pace, in line with the growth in GDP. With a historically ‘unbanked’ population, many Filipinos are now opening bank accounts for the first time. Temenos T24 has been selected by four very different financial institutions—with a shared ambition for rapid expansion—to underpin their growth strategies,” said Temenos regional director for Asia Pacific Raju Daryani.

“We are working closely with our regional partner Thakral One, to ensure that we together support the banks in the pursuit of their growth plans,” Daryani said.