Security Bank Corporation has chosen the Enterprise Payments Platform of ACI Worldwide, a leading global provider of real-time payments and digital payment software solutions, to strengthen its real-time payment capabilities. The partnership will see ACI Worldwide accelerate Security Bank’s digital transformation journey, helping the bank stay ahead of evolving customer and regulatory demands by providing full payment hub capabilities for low- and high-value payments, including payment processing, domestic scheme gateways and SWIFT on ISO 20022 standards on a single platform. ACI Worldwide’s cloud-native real-time payment platform and flexible, modern architecture ensure that Security Bank can provide secure services across consumers, merchants and corporate payments with emerging and new payment types. By providing a best-in-class payments solution and global domain expertise, Security Bank will be a market leader in payments innovation in the Philippines and deliver its promise of Better Banking with customer centricity at the forefront. According to ACI Worldwide’s 2022 Prime-Time for Real-Time report, the volume of real-time payments in the Philippines continues to grow, with banks encouraging new domestic use cases and domestic fintechs emerging in the market. The Philippines' payment system is on the verge of modernization, and the integration of its financial structure is essential to ensure significant economic benefits. The partnership between ACI Worldwide and Security Bank is a milestone for the bank’s payments modernization efforts and enables the bank to play a key role in helping the nation reap the benefits of real-time payments domestically and across the region. “With the Philippine payments system primed for rapid growth, we require a technology platform that is scalable and can be modified as our customers’ needs and demands evolve,” said Security Bank Senior Vice President and Channels Network Group Head Stephen John Bell. He added that, “The ACI partnership will enable us to provide our customers with a seamless real-time payments experience, aligned with Security Bank's brand promise of Better Banking.” “ACI Worldwide is the APAC leader in real-time payments transformation. Our robust solutions go from powering country-wide real-time payment ecosystems to interconnecting cross-border real-time payments networks and enabling the integration of different types of payments into a single, unified, intelligent, cloud-native, payment hub,” said ACI Senior Vice President and Managing Director Leslie Choo. He noted that, “By utilizing ACI Worldwide’s technology, Security Bank will be able to bring new products and services to customers faster, add new payment alternatives seamlessly and cost-effectively to its existing core infrastructure, and tap into ACI Worldwide’s payment ecosystem in the APAC region.”