Australian technology vendors CCK Financial Solutions (ASX: CCK) will soon be providing its Guava treasury suite to the Security Bank Corporation, one of the largest private banks in the Philippines.
Guava covers all of the operations, accounting, reporting and risk management requirements of a treasury system in a single suit, according to CCK.
The suite is already being used in a number of banks in the South East Asian region, including the Australian ING bank.
This will be the second Philippines bank to adopt the Guava suite, and CCK now runs an office in the Philippines city of Makati.
The market has shown no reaction to the announcement as yet, with CCK stock still trading at $0.18 a share at time of writing, the same value as when the market closed yesterday.