Business
ACI Worldwide Partners with Philippines’ Security Bank Corporation to Transform the Bank’s Real-Time Payments Platform
Security Bank utilizes ACI’s Enterprise Payments Platform to modernize payments infrastructure, bringing “Better Banking” promise to life
About this update from Aci Worldwide, Inc.
[{"type":"text","content":"\nSecurity Bank utilizes ACI’s Enterprise Payments Platform to modernize payments infrastructure, bringing “Better Banking” promise to life\n\n SINGAPORE--(BUSINESS WIRE)--\nACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time payments and digital payment software solutions, and Security Bank Corporation (Security Bank), a leading universal bank in Philippines, today announced that the bank has chosen ACI Worldwide’s Enterprise Payments Platform solution to strengthen its real-time payment capabilities.\n\nThe partnership will see ACI Worldwide accelerate Security Bank’s digital transformation journey, helping the bank stay ahead of evolving customer and regulatory demands by providing full payment hub capabilities for low- and high-value payments, including payment processing, domestic scheme gateways and SWIFT on ISO 20022 standards on a single platform.\n\nACI Worldwide’s cloud-native real-time payment platform and flexible, modern architecture ensure that Security Bank can provide secure services across consumers, merchants and corporate payments with emerging and new payment types. By providing a best-in-class payments solution and global domain expertise, Security Bank will be a market leader in payments innovation in the Philippines and deliver its promise of Better Banking with customer centricity at the forefront.\n\nAccording to ACI Worldwide’s 2022 Prime-Time for Real-Time report, the volume of real-time payments in the Philippines continues to grow, with banks encouraging new domestic use cases and domestic fintechs emerging in the market.\n\nThe Philippines' payment system is on the verge of modernization, and the integration of its financial structure is essential to ensure significant economic benefits. The partnership between ACI Worldwide and Security Bank is a milestone for the bank’s payments modernization efforts and enables the bank to play a key role in helping the nation reap the benefits of real-time payments domestically and across the region.\n\n“With the Philippine payments system primed for rapid growth, we require a technology platform that is scalable and can be modified as our customers’ needs and demands evolve. The ACI partnership will enable us to provide our customers with a seamless real-time payments experience, aligned with Security Bank's brand promise of Better Banking,” sa...