EW board names FDC CEO as member
GOTIANUN-led East West Banking Corp. (EW) announced it elected and appointed Rhoda A. Huang as part of the Board. Huang is the new president and CEO of Filinvest Development Corp. (FDC) as of August 1. According to EW, Huang’s experience in the field of banking and finance will be helpful in guiding the bank as it continues its growth trajectory as the most-consumer focused bank in the country. The EW statement read that Huang has over three decades of expertise in the Philippine corporate and financial sectors. Before joining FDC, she served as President of BPI Capital Corp.
Finastra, Tonik renew partnership
FINASTRA International Financial Systems Pte. Ltd. announced last September 28 that it has entered into an agreement with Tonik Financial Pte. Ltd. to “strengthen partnership to fast-track deployment of new products and services as digital bank surpasses 1 million customers.” The Singaporean firm announced through a statement that it “will strengthen the partnership with the deployment of dedicated consultants to help accelerate Tonik’s development and launching of new products and services.” Tonik CEO Greg Krasnov was quoted in a statement as saying that Finastra’s core-banking software has “given us the flexibility to build the right technology stack for our needs—whether that was launching the bank on time and on budget or fueling our rapid growth—as well as the agility to develop revolutionary new products and bring them to market quickly.”