TIM President Jose Mari Antunez said, 'TIM continues its endeavor to be the most reliable technology banking partner in the Philippines, and we have proven this by architecting the best-fit solutions, packaged with implementation and support services, to come up with the exact requirements to meet UnionBank's business objectives. This furthers our commitment to driving innovation and delivering concrete results for the banking industry.' 'Sun's Retail Banking Reference Architecture, based on Sun Fire servers, Sun StorEdge arrays, Sun Java System platform, and Finacle Core Banking solution, is designed specifically to enable banks to rapidly bring to market new applications and services that generate new revenue opportunities and provide a path for future growth. Mamon, president and managing director, Sun Microsystems Philippines, Inc. 'Sun Microsystems and Infosys have a long track record of working with banks to help them integrate their business infrastructures around more efficient, flexible environments that reduce total cost of ownership,' said Cynthia R. This is a joint effort by the teams, and I congratulate all members on this stupendous success.' We are delighted that Finacle has delivered on the legacy replacement initiative of UnionBank to achieve competitive edge and lower total cost of ownership. Speaking on this occasion, Merwin Fernandes, Vice President and Global Head of Sales & Marketing for Finacle, Infosys Technologies said, 'Finacle has once again demonstrated that a scalable and flexible open systems-based solution can successfully power the bank's future. He further added, 'We adopted the 'Big Bang' approach in this implementation and converted all our branches at the same time, as we were confident in the bank's and our partners' abilities to manage such a big effort.' I believe we've found that in Infosys' Finacle.' To do this, we needed a solution that would enhance our process efficiencies, thereby giving us a competitive edge in the market, while reducing the total cost of ownership. It is also one that empowers our people with the ability to rapidly deploy new products and services that this growing customer base demands.

In a press conference to announce this achievement, Justo Ortiz, Chairman of UnionBank said, 'In Finacle, we believe we've found a cost effective solution that scales up well as we push through our customer acquisition program. With this deployment, UnionBank now has a more robust and integrated front and back office system that will be able to deliver greater value to customers 24x7. Than 700 users logging onto Finacle concurrently every day.

The Finacle core banking solution, running on Sun infrastructure, has been successfully deployed in more than 110 branches across the country with more Among the top 10 banks in The Philippines, Union Bank of the Philippines (UnionBank) entered into a strategic partnership with Infosys in July 2004, through its local partner TIM, to achieve greater business agility and lower total cost of ownership (TCO).

Infosys finacle core banking logs