Security Bank Corporation turned to IBM to streamline its IT business processes and help enable broader client reach through an infrastructure solution that is said to “deliver optimized system performance, enterprise-class security and dynamic resource allocation.”
Photo shows (from left) Security Bank Corporation SVP & Chief Information Officer, Rick Pusag; EVP & Corporate Services Group Head Belen Lim; President & Chief Executive Officer Alfonso L. Salcedo, Jr. with IBM Philippines President & Country General Manager, Luis D. Pineda; Country Manager for Enterprise Business Aileen Jiao and Client Manager Carlo Barretto.
IBM will support Security Bank’s business strategy with a solution composed of IBM Power Systems servers and an IBM Storwize storage system. The new system will help enhance Security Bank’s customer experience from the front end through an efficient back end IT infrastructure – providing improved performance for increased transaction volume processing, consolidating data flows for better customer behavior analytics, and setting the computing foundation that enable agile product development to immediately respond to market demands.
“Digitization has led to a radical shift for the whole financial industry and brought disruptive changes to businesses. 10 to 20 years ago, banks were open from 9 am to 5 pm during weekdays. Today, we provide services 24×7 with online peaks at 8 pm. Customer demand called for a transformation that will allow us to better understand client behavior and provide innovative products which are served through digital channels,” said Alfonso L. Salcedo, Jr. , CEO, Security Bank. “We chose IBM Systems to run our mission-critical workloads such as core banking and other digital banking applications because it can deliver the tools for us to meet our customers’ expectations, transform for growth, and elevate our position in the industry.”
IBM Power Systems can manage complex, large-scale, mission-critical applications while providing real-time data insight, as well as security though sophisticated encryption and application isolation. Combined with IBM Storwize storage systems, Security Bank can support the volumes of data created by today’s applications through accelerated real-time compression and advanced file management.
“The convergence of digital disruption, evolving customer behaviors, and the improving business landscape in the Philippines are opening opportunities for Security Bank to tap the growth potential of the local financial services sector. The IBM solution will allow them to take advantage of these opportunities by delivering value from IT through efficient data and system management that ultimately translate to exceptional customer experience,” said Luis Pineda, president and country general manager, IBM Philippines. “IBM helps industry leaders like Security Bank achieve their growth potential through IT infrastructures that drive operational efficiencies, deliver optimized system performance, and provide flexibility to accelerate time to market.”
With the partnership of Security Bank with Japan’s largest bank, The Bank of Tokyo-Mitsubishi UFJ., Ltd. (BTMU), it is poised to accelerate its growth and meet the technological needs of its customers in the coming years. Security Bank has been named as the ‘Philippines’ Best Bank’ at the Euromoney Awards for Excellence 2016 and as ‘Bank of the Year in the Philippines’ at the Global Banking Awards by The Banker of London.
