# Salmon Bank Selects Profinch to Automate BSP Regulatory Reporting

- Link: https://www.thailand-business-news.com/pr-news/salmon-bank-selects-profinch-to-automate-bsp-regulatory-reporting
- Published: 2026-11-05T08:00:00+07:00
- Author: PR Newswire

_Cloud-native deployment covers the Financial Reporting Package and COCREE 2.0 as
the BSP tightens reporting governance_

SINGAPORE and MANILA, Philippines, Nov. 5, 2026 /PRNewswire/ — Salmon Bank (Rural
Bank) Inc. has selected Profinch Solutions Pte. Ltd. to automate its regulatory 
reporting to the Bangko Sentral ng Pilipinas (BSP), deploying Profinch’s BSP Regulatory
Reporting platform.

 [⌊Salmon Bank Selects Profinch to Automate BSP Regulatory Reporting⌉](https://mmx.prnasia.com/media/MS2027145/Profinch-and-Salmon-Logo-Partnership-ID-63c8b3311757.jpg?id=OA3057637&p=medium600)

Salmon Bank Selects Profinch to Automate BSP Regulatory Reporting

The engagement centers on two deliverables:
The first is the Financial Reporting
Package (FRP) and its supporting schedules, covering the bank’s current submissions
under FRP V15, alongside readiness for FRP V16, which the BSP has deferred to 30th
June 2027 to give banks additional time to prepare their people, processes, and 
systems.

The second is the Comprehensive Credit and Equity Exposures Report (COCREE 2.0),
the BSP’s granular borrower- and counterparty-level exposure return, which carries
substantially higher data volumes and validation requirements than aggregated reports.

The platform automates business, schema, and rule-based validation. It also generates
BSP-ready XML output for submission, with maker-checker workflows and exception 
dashboards enforcing review at every stage. It is deployed within Salmon Bank’s 
own Cloud infrastructure in a dedicated, isolated configuration built exclusively
for the Bank, leaving Salmon Bank in full control of its infrastructure and production
data at all times.

**Raffy Montemayor, Deputy CEO at Salmon Bank (Rural Bank) **commented, "At Salmon
Bank, we continue to invest in technology that strengthens operational efficiency
and regulatory compliance. Working with Profinch enables us to modernize our regulatory
reporting process with a structured and scalable approach that supports our compliance
objectives while providing a foundation for future regulatory initiatives."

**Nikhil Deshmukh, Business Head – Enterprise Apps, Asia-Pacific, Profinch **commented,"
Financial institutions today are looking to strengthen regulatory reporting with
greater consistency, transparency, and operational efficiency while keeping pace
with evolving regulatory expectations. We are pleased to partner with Salmon Bank
and to support the bank with a secure, cloud-native solution that simplifies validation,
strengthens governance, and enables accurate BSP-compliant XML generation."

This engagement represents another milestone in Profinch’s growing presence across
Southeast Asia, reinforcing its commitment to helping financial institutions modernize
regulatory reporting through cloud-native, enterprise-grade banking technology solutions.

**Chaitanya Kashyap, Global Business Head – Enterprise Apps at Profinch **commented,"
The conversation around regulatory reporting has fundamentally shifted. It is no
longer a tactical exercise of meeting the next deadline, but a strategic imperative
to build systems capable of adapting to tomorrow’s template changes and regulatory
asks. Across Southeast Asia and our global markets, we see a growing demand for 
this level of architectural resilience. We are proud to provide Salmon Bank with
an enterprise-grade foundation that helps future-proof their compliance operations."

**About Profinch Solutions**

Profinch Solutions is a global BFSI technology and consulting company specializing
in digital transformation, core banking, insurance, regulatory reporting, data platforms,
AI, payments, risk, and compliance solutions for financial institutions worldwide.
Profinch partners with banks across multiple regions to accelerate modernization
initiatives through domain expertise, implementation excellence, and innovative 
banking technology.

Website: [www.profinch.com](http://www.profinch.com/)

**About Salmon Bank**

Salmon Bank (Rural Bank) Inc. is a technology-driven challenger bank in the Philippines
and part of Salmon Group. Originally founded in 1963, the bank was acquired and 
rebuilt from the ground up – becoming one of the fastest-scaling rural banks in 
the country. Today it combines the trust of a BSP-licensed institution with the 
speed and seamless experience of a modern digital product. Salmon Bank (Rural Bank)
Inc. is regulated by the Bangko Sentral ng Pilipinas ([www.bsp.gov.ph](https://www.bsp.gov.ph/)).

Website: [www.salmon.ph](https://www.salmon.ph/)

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  |  This article was produced by Cision PR Newswire, our trusted news partner. The views expressed and the content presented here are solely those of the author and may not fully reflect the opinions of Thailand Business News. |

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