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Manila Times Business

Vanquis Selects Freshworks to Modernize Service Management as Gateway Transformation Nears Completion

Leading UK specialist bank selects Freshservice to simplify operations, improve colleague experience and support its digital-first transformation LONDON, June 30, 2026 (GLOBE NEWSWIRE) -- Freshworks (NASDAQ: FRSH) today announced that Vanquis, a leading UK specialist bank, has selected Freshservice as its AI-powered service operations platform to support the next phase of its digital transformation. The selection is a key milestone in Vanquis’ broader Gateway programme, the bank’s flagship techn

Context & Analysis

The consolidation of IT and customer support functions onto AI-driven service platforms reflects a broader industry shift toward automated, self-optimizing operations. Financial institutions globally are treating service management as a strategic lever rather than back-office overhead. As legacy architectures age and transaction volumes climb, banks are replacing fragmented helpdesk tools with unified systems that route requests, predict bottlenecks, and free staff for higher-value work. This architectural change is now standard in mature markets and is steadily filtering into emerging economies where digital adoption outpaces legacy infrastructure upgrades.

For Philippine businesses and investors, the signal is clear: operational technology is becoming as critical as core banking software. The Bangko Sentral ng Pilipinas has consistently pushed lenders to strengthen digital infrastructure, cybersecurity, and data governance under its evolving guidelines on digital banking and cloud adoption. Local banks, payment firms, and even non-financial corporations are now evaluating whether their internal service desks can scale without proportional headcount growth. The rise of AI-enabled service platforms means Philippine IT vendors, system integrators, and managed service providers must adapt or risk losing ground to foreign software houses that bundle automation, analytics, and compliance tracking into single deployments. Domestic conglomerates with captive tech arms will also need to decide whether to build in-house capabilities or partner with established cloud vendors.

What to watch next is how quickly domestic institutions adopt similar tools and how regulators respond to algorithm-assisted decision-making in customer-facing operations. The BSP and the Securities and Exchange Commission are both monitoring transparency and accountability in automated financial services, while the Data Privacy Act and relevant cybercrime frameworks set boundaries on how personal information is processed by machine learning models. Filipino business owners should track vendor roadmaps that emphasize local data residency, integration with existing Philippine payment and credit networks, and multilingual support. If the trend holds, the next competitive edge will not come from launching new accounts or products, but from how fast and reliably institutions resolve internal and external service requests. Companies that treat service management as a growth engine rather than a cost center will capture market share first.

Analysis by IJE Software — original commentary on the story above.

This is an excerpt. Read the full article at the original source:

Source: manilatimes.net

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