The deployment provides BDO with a scalable framework capable of managing both high-value and mass-payments. By consolidating these functions into a single system, the bank gains the agility to support complex industry standards, including ISO 20022, and the flexibility to interface with emerging domestic and cross-border payment networks.
BDO Unibank Overhauls Payment Infrastructure with Finastra
BDO Unibank has integrated Finastra’s Global PAYplus platform to modernize its payment architecture, aiming to handle rising transaction volumes while boosting operational efficiency. The transition marks a significant shift for the Philippines' largest commercial bank, which now utilizes the system for high-value processing and inbound PESONet transactions.
Carlo B. Nazareno, head of Cash Management Services at BDO, noted that the upgrade reinforces the bank's capacity to meet evolving market requirements and deliver a more seamless experience to its retail and institutional clients. For Finastra, the partnership highlights the adaptability of its software in handling the nuanced clearing requirements of a major universal bank. The move aligns with a broader financial sector trend toward unified, API-enabled payment hubs that prioritize resilience and faster time-to-market.
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