Philtrust Bank is advancing its digital transformation strategy through a new partnership aimed at modernising its core banking infrastructure and expanding digital capabilities. The move reflects a broader industry trend where banks are upgrading legacy systems to support faster innovation and improved customer experiences.
Philtrust Bank has announced a strategic partnership with Infrasoft Technologies Pte. Ltd. to implement a next-generation core banking system and roll out enhanced digital and mobile banking capabilities.
The collaboration marks a significant step in Philtrust Bank’s digital transformation strategy, aimed at modernising its technology infrastructure and improving the overall banking experience for customers.
Philtrust Bank Chairman (Ret.) Gen. Hermogenes C. Esperon said the initiative represents a major milestone in the bank’s efforts to deliver secure, innovative, and customer-focused financial services.
Dr. Jaime C. Laya, President of Philtrust Bank, highlighted the importance of the partnership in supporting the bank’s long-term strategy.
“This initiative reflects our commitment to modernising our banking systems and adapting to the changing needs of our customers. By partnering with Infrasoft Technologies, we can leverage advanced banking technology to deliver better digital experiences and more efficient services,” he said.
The new core banking platform is expected to strengthen the bank’s operational capabilities, enable faster development and launch of new financial products, and provide a scalable foundation for future growth.
As part of the transformation program, Philtrust Bank will also introduce modern digital and mobile banking solutions designed to give customers seamless access to financial services anytime and anywhere. The upgraded platforms will offer improved convenience, enhanced personalisation, and advanced security features.
Esperon added that investing in new technology is essential for ensuring the bank remains competitive in a rapidly evolving financial landscape.
“Our collaboration with Infrasoft Technologies supports our vision of building a future-ready bank. By investing in modern systems, we are strengthening our commitment to delivering long-term value to our customers and stakeholders,” he said.
Amit Sharma, President of Infrasoft Technologies, said the company is pleased to support Philtrust Bank in its transformation journey.
“Our solutions are designed to help banks modernise their infrastructure, improve customer engagement, and remain competitive in today’s increasingly digital financial ecosystem,” Sharma said.
The implementation of the new core banking and digital banking systems will take place in phases over the coming months to ensure a smooth transition for both customers and the bank’s internal teams.
What this means for the industry
• Core banking modernisation is accelerating
Banks are upgrading legacy systems to support digital-first services and future scalability.
• Digital experience is becoming a key differentiator
Enhanced mobile and online banking capabilities are essential to meet evolving customer expectations.
• Technology partnerships are driving transformation
Banks are increasingly relying on fintech and technology providers to accelerate innovation.
• Faster product development is a strategic priority
Modern platforms enable quicker rollout of new financial products and services.
• Future-ready infrastructure is critical for competitiveness
Investing in scalable and secure systems is essential for long-term growth in a digital banking environment.
