Bali, Indonesia, November 7, 2024 – At the ADFIAP International CEO Forum 2024, ABANX was launched as a pioneering core banking solution designed to transform the digital finance landscape for development banks. This innovative platform streamlines and scales banking operations, enabling more efficient, real-time management. Mr. Dinesh Fernandopulle, Managing Director and CEO of Synapsys Ltd., presented “The FinTech Frontier: ADFIAPNET’s Game-Changing Core Banking Solution – ABANX,” showcasing how ABANX addresses the evolving needs of financial institutions today.
ABANX, which stands for ADFIAP Banking and Network Exchange, is designed to support development banks by enhancing loan processing, account management, and daily transaction operations—all within a powerful, technology-driven system. Far beyond a simple technological upgrade, ABANX is a strategic tool for sustainable growth and financial inclusion, empowering banks to serve their communities and support economic development goals effectively.
A standout feature of ABANX is its ability to seamlessly integrate with existing systems, allowing banks to modernize without disrupting current operations. This flexibility makes it ideal for development banks seeking to upgrade their digital capabilities and enhance customer experiences.
Adding to the event, Mr. Eden Japitana, Vice President of the Lending Programs Management Group at Land Bank of the Philippines, presented “Empowering Communities through Digital Finance: LANDBANK’s Pathway to Inclusive Growth for Cooperatives and Rural Banks.” He highlighted LANDBANK’s dedication to financial inclusion and the transformative impact ABANX can have on cooperatives and rural banks, driving community development and economic growth.
The introduction of ABANX marks a major step toward a more inclusive and sustainable financial ecosystem. As more development banks adopt this advanced core banking system, they are better positioned to navigate the digital age and support economic progress across the Asia-Pacific region.