Philippines: Cloud Based Core Banking to Expand Reach of Banking Services
In June 2017, ADB and Cantilan Bank Inc. (CBI) signed an agreement to conduct a pilot study on cloud-based core banking technology. The pilot was supported by the central bank of the Philippines, the Bangko Sentral ng Pilipinas (BSP), which placed the pilot in a regulatory sandbox while related regulation and processes were updated. Oradian was engaged as service provider.