Bankware Asia and Ascend Data Management Power Progressive Rural Bank’s Digital Transformation Journey

Manila, Philippines - November 14, 2024 - From Left to Right: Wilson Go-Bankware Asia, Country Head-Philippines; Allyxon T. Cua- Ascend Data Management Inc., Chairman; Roel H. Mercado- Progressive Rural Bank Inc., President; Leody Macasaet-Progressive Rural Bank Inc., Treasurer 

Bankware Asia, a leading core banking solutions provider based in South Korea, and its partner distributor, Ascend Data Management Inc., are proud to announce their partnership with Progressive Rural Bank Inc. This collaboration was formalized through the signing of the BADA Cloud Service Agreement last  October 16, 2024, in Lipa City, Batangas. It marks a significant step forward in advancing  financial inclusion and driving digital transformation for rural banks and microfinance institutions across Southeast Asia.

BADA, Bankware Asia’s core banking SaaS solution, is specifically designed to offer scalable, secure, and compliant solutions for rural banks and microfinance institutions  in the region.

Through the BADA Cloud Service Agreement, Progressive Rural Bank will modernize its banking services and enhance operations, delivering seamless, efficient, and accessible banking experiences to its customers. This partnership aligns with their vision of being “Your Partner in Progress.”

Roel H. Mercado, President of Progressive Rural Bank, stated, “Our partnership with Bankware Asia and Ascend strengthens our mission to empower communities by providing reliable and impactful banking services. This collaboration allows us to bring financial progress to more clients, aligning with our commitment to be a "Kabalikat sa Progreso" (Partner in Progress).

Wilson Go, the Country Head for the Philippines at Bankware Asia, added, “We are excited to support Progressive Rural Bank’s digital transformation journey alongside our valued partner, Ascend. This partnership demonstrates our shared commitment to advancing financial inclusion in the Philippines, enabling financial institutions to leverage core banking solutions in delivering better experiences to those they serve.”

Allyxon T. Cua, Chairman of Ascend, noted  "This partnership is a testament to our dedication to empowering banks and fintechs in the Philippines. Together, we will enhance banking experiences and drive innovation across the region."

About Bankware Asia                                           

Bankware Asia is a core banking solutions provider based in South Korea, dedicated to empowering financial institutions across Southeast Asia with secure, scalable, and compliant digital solutions. Its solution BADA, supports institutions in expanding access to financial services, driving financial inclusion and ensuring compliance and security.

For more information about BADA and its benefits, please visit: https://www.bankware.asia

About Ascend Data Management Inc.

Ascend Data Management Inc. provides IT solutions that help businesses stay agile and resilient with advanced technology and reliable services. Focused on IT modernization, Ascend enables clients to adapt to changing business needs.

For more information about Ascend Data Management, please visit: https://ascend.com.ph

About Progressive Rural Bank Inc.      

Progressive Rural Bank Inc. (PRBI), operates four branches in Laguna and Batangas. PRBI offers a range of financial services to support urban and rural communities, helping people strengthen their financial stability and expand opportunities.

For more information, please visit: https://www.progressivebank.ph