Robinsons Bank tapping MultiSys to boost digital security, hasten automation

Robinsons Bank Corp. President and CEO Elfren Antonio S. Sarte (left) and MultiSys Technologies Corp. Founder and CEO David L. Almirol Jr. shake hands to seal the two firms’ agreement on digital security.

Multisys Technologies Corp. recently sealed a partnership with JG Summit Holdings’ financial services arm “to develop an advanced software solution that will strengthen the bank’s data security and streamline operations through automation,” Robinsons Bank Corp said.

A statement said MultiSys is set to create a digital Operational Risk Management System (ORMS) for the commercial bank. “This is in line with the Bangko Sentral ng Pilipinas’s mandate, which requires all supervised financial institutions to adopt an effective risk management system to ensure healthy and safe operations,” Robinsons Bank said.

The ORMS will further secure data and automate the operational and other risk management tools of the bank to promote a more effective and compliant enterprise-wide risk management system.

According to Robinsons Bank President and CEO Elfren Antonio S. Sarte, companies in the banking and finance industry need to speed up their efforts on digitalization to improve business operations and meet the evolving needs of Filipino consumers.

Sarte added he sees the partnership as bringing the bank “a step further in our digital transformation journey as the ORMS will enable us to counteract internal and external risks systematically.”

“Through its expertise in innovative digital solutions, MultiSys will help improve our internal operations in order for us to better serve our clients in this ever-evolving digital age,” Sarte was quoted in the statement as saying.

With this partnership, MultiSys promotes technology adoption and data security in the Philippine banking and finance industry. “The ORMS will not only ensure data security, but it will also help the company [Robinsons Bank] prepare and avoid risks that will negatively affect its business and consumers,” MultiSys President and CEO David L. Almirol Jr. was quoted in the statement as saying.

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