Finastra, a global provider of financial services software applications, has announced a strategic partnership with Total Information Management Corporation (TIM Corp), a leader in data center services, managed services, and IT infrastructure. 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.

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

By partnering with TIM Corp, a trusted partner for core banking and risk analytics with a strong local presence, Finastra 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."