The Bank of Philippine Islands (BPI) has launched a secure file transfer service to streamline a file-based delivery channel between its customers’ financial and treasury systems and BPI.
The new service is built on Connect:Direct, the Sterling Commerce point-to-point file transfer software optimised for high-volume, assured data delivery of files within and between enterprises.
“As the second-largest Philippine commercial bank with more than 900 branches and 6,000 cash management customers across the Philippines, it is imperative we provide a secure channel to transfer files within our bank as well as to our customers,” said Ma-an Calilong, channel manager of BPI. “With straight-through processing (STP) becoming a treasury best practice, we wanted to cater to customers’ needs for a more streamlined and secure process.”