Verinite enters Philippines Market with its 1st client win to support cards and switch migration for a Bank!!!!
Kumusta Philippines !!! Verinite is glad to announce its entry into Philippines Banking market with first client win. Client is among the Top 5 Banks in Philippines serving the retail, commercial, corporate and institutional customers.
Bank is embarking on a cards transformation initiative to move onto a modern platform to remain consistent with its motto of being most customer centric bank. Verinite was chosen as partner after an exhaustive selection process comprising of 5 different international vendors.
Verinite will be responsible to manage this entire program of migrating 0.5 million credit cards portfolio with the total transformation initiative cost pegged at USD 6 Million. Also Verinite will be owning up the data migration, functional, customization and interfaces testing stream. The scheme certification stream will involve getting issuing/acquiring certification for Visa, MasterCard and BancNet.
This is huge win for Verinite as it expands its base in the ASEAN region. Philippines will be the 4th country being served in ASEAN by Verinite apart from Vietnam, Indonesia and Malaysia. Team Verinite is excited to bring our innovative, quick footed, domain focused and empathy driven mindset to serve the banks in Philippines.
