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  • Writer's pictureBy The Financial District

Banking for All: A Transformative Partnership

In a groundbreaking move towards financial inclusion and modernized banking services, Orion Innovation (Orion), a global digital transformation and product development service firm, has announced a strategic partnership with Cebuana Lhuillier Bank, a key player in the Philippines' banking landscape.

From left to right: Jean Henri Lhuillier, Vice Chairman of Cebuana Lhuillier Bank; Suchen Janjale, representing Orion Innovation; Philippe Andre Lhuillier, Senior Executive Vice President of Cebuana Lhuillier Bank; and Dennis Valdes, President of Cebuana Lhuillier Bank, join forces to drive financial inclusion and innovation | Photo: Orion Innovation

This partnership is set to reshape the future of banking in the Philippines and uplift millions of underserved Filipinos.

Cebuana Lhuillier Bank, which currently serves 6 million Filipinos, has embarked on an ambitious mission to transform its operations and expand its customer base to more than 11 million over the next five years.

At the heart of this transformation lies the implementation of the advanced Temenos core banking platform, made possible through its collaboration with Orion Innovation.

Temenos is a functionally rich, flexible, and agile core processing engine that will enable Cebuana Lhuillier Bank to offer personalized, customer-relevant products, while allowing for lower operational costs and increased ROE.

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Addressing the Financial Needs of Remote Communities

Cebuana Lhuillier Bank plays a pivotal role in providing credit and savings accounts to individuals, and micro, small, and medium enterprises, particularly in rural areas where over half of the Philippines' 113 million population resides.

In these remote and underserved communities, access to reliable financial services is crucial for personal and business financial growth. This partnership aligns perfectly with Cebuana Lhuillier Bank's commitment to financial inclusion.

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"In a nation where access to reliable financial services is paramount, this collaboration strengthens our resolve to provide better services, products, and opportunities for Filipinos to create meaningful change," according to Jean Henri Lhuillier, Vice Chairman of Cebuana Lhuillier Bank.

Orion Innovation brings a suite of digital services and technology solutions to the table, empowering banks to modernize legacy systems, design innovative products, and tap into new business opportunities.

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"Our clients' needs are changing, and it is our responsibility to not only meet but exceed those expectations. This alliance marks a testament to our commitment to embrace innovation and redefine the banking experience for our valued customers," said Dennis Valdes, President of Cebuana Lhuillier Bank, further emphasizing the importance of staying ahead in the ever-evolving financial industry.

A Vision Beyond Technology

With a strong presence in the Philippines, India, and Singapore, Orion is poised to drive this ambitious growth journey in the APAC region.

Banking & finance: Business man in suit and tie working on his laptop and holding his mobile phone in the office located in the financial district.

"We are thrilled to embark on Cebuana Bank's core modernization program in the Philippines. Orion's partnership goes beyond technology, driving positive change by enhancing banking services and promoting financial inclusion in underprivileged communities, fueling economic progress in the APAC region," said Anoop Gala, Global Head of Financial Services at Orion Innovation.

Cebuana Lhuillier Bank's journey towards financial inclusion, powered by Orion's technological prowess, promises a brighter and more inclusive future for millions of Filipinos.

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With this partnership, both organizations are set to create a lasting impact on the financial landscape of the Philippines, unlocking new possibilities for individuals and businesses alike.

As Cebuana Lhuillier Bank and Orion Innovation move forward together, they are not only revolutionizing banking but also setting an inspiring example of how innovation and collaboration can pave the way for a more inclusive and prosperous future for all.

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