MB Phils starts Windows capable program for banks

After introducing computing technology to the rural bankers at the turn of the 21st century, MB Philippines has introduced another program that will make banks conform to domestic and international standards while making banking more convenient to both banks and bank clients.

MicroBanker Version Eight, or MBv8, is the latest MB Philippines release after introducing MicroBanker SRTE, the staple for more than half of the rural banks in the country.

MBv8 inherits all the high-quality features of its MicroBanker predecessor, while moving up to a more powerful and elegant Windows environment. Capitalizing on Window’s capabilities, MBv8 offers extremely fast transaction processing speed without sacrifice to reliable and secured remote data accessing.

It can be conveniently interfaced with the common desktop productivity software such as Word and Excel. Customer photo and signature or other image can be displayed online.

Because of the new operating platform, MBv8 is prepared for the growth and maturity of the 64-bit operating systems and computer processors. Moreover, it opens the gateway towards centralized computing as well as mobile and Internet banking infrastructure.

The latest Microbanker program underwent a battery of rigid tests and studies from several third party auditing firms focusing on information security and risk management aspect of the system. Through these tests and studies, MBv8 integrates a much tighter bank specific software security and internal control measures in accordance with the international best banking practices and standards.

MBv8 remains flexible and user-friendly despite a much tighter software security feature.

According to Ferdinand B. Quizon, MB Philippines technical manager users of the earlier generations of the MicroBanker system (MBXD, MBXZ) will greatly benefit the crossover to MBv8.

"Migration of data to MBv8 is absolutely seamless and requires minimal effort on the part of the users. The MBv8 learning curve for the tellers and system operators is very short and low because MBv8 adopts the same design philosophy and principles of the core MicroBanker system," Quizon added.

It is fully integrated for deposits, loans, microfinance, general ledger and customer information modules. It is compliant to the reportorial requirements and exhibits great security, flexibility and user-friendliness sought by the Bangko Sentral ng Pilipinas (BSP) and the Anti Money Laundering Council (AMLA).

It can interface with ATMs and PDAs as well as MABS and PCFC microfinance-capable. It can interact with other bank and non-bank institutions as well as telecommunication companies like Smart Communications and Globe Telecommunications, which is critical as the country’s banking system are starting to forge working alliances especially in the remittance business.

MBPhilippines was established in 1995 by rural bankers and competent software developers in cooperation with the Rural Bankers Association of the Philippines (RBAP) and the United Nations Food and Agriculture Organization (UNFAO). It helped develop, customize and propagate the MicroBanker standard runtime edition (SRTE).