RCBC is AsiaMoney’s back-to-back ‘Best Digital Bank’ in PH

 

“Digital prowess to do good.”

This is what captured the attention of the 2021 AsiaMoney Best Bank Awards for hailing the Rizal Commercial Banking Corporation (RCBC) as its back-to-back Best Digital Bank in the Philippines for two consecutive years.

The prestigious award-giving body specifically lauded RCBC’s recent efforts in using the bank’s digital finance solutions and platforms, particularly the financial inclusion super app DiskarTech and ATM Go, to facilitate and accelerate the government’s work in disbursing financial aid nationwide as part of its social protection program at the height of the pandemic.

Aside from disbursing social benefits during the pandemic, DiskarTech also facilitated the digitalized crediting of the SSS loan proceeds and other benefits directly to the members’ DiskarTech accounts registering a 110-percent growth month-on-month.

RCBC bags multiple accolades on 61st year

Rizal Commercial Banking Corporation (RCBC), the financial services flagship of the Yuchengco Group of Companies (YGC), has garnered  a total of 28 local and international awards as of September – the highest since 2012 – to coincide with the bank’s 61 years of operations in the country this year. The awards recognize the bank’s innovative digital solutions, sustainability efforts and financial inclusion programs on the heels of the pandemic.

RCBC’s digital transformation accelerated in 2019 with enterprise wide efforts. It centered on achieving the best customer experience including transforming channels and products, reengineering business processes, building stronger payment ecosystems and improving workforce productivity. These efforts started gaining traction in 2020 when the pandemic struck and is now getting the nod from some of the most prestigious institutions in the global financial and banking industry such as Global Banking and Finance Review, Asian Banking and Finance, The Asset, International Business Magazine, Asia Corporate Excellence and Sustainability, AsiaMoney among others.

The bank bagged several awards for this year’s Best Digital bank, recognizing innovations rolled out at the height of the lockdown which proved to be helpful not only to its clients but to the entire nation. These include the roll out of the bank’s handheld ATMs called the ATM Go which helped in the distribution of the social amelioration funds to far flung areas, the launch of the country’s first financial inclusion super app, the Diskartech, and the major enhancements made in the RCBC Online Banking platform which has made it one of the most comprehensive banking apps in the industry, to name a few.

DiskarTech: The Filipinos’ journey towards financial inclusion

Jev dela Cruz, 21, was one of an estimated 51.2 million adult Filipinos nationwide who are considered unbanked by the Bangko Sentral ng Pilipinas (BSP). Then came Diskartech, Rizal Commercial Banking Corporation’s (RCBC) financial inclusion super-app that allowed him to open a basic savings account sans the complicated process of opening one.

“If you ask a Filipino why they’re unbanked, many will say it’s because they don’t have enough money to open an account. DiskarTech allows anyone to open an account without a balance, maintain an account without a balance, and have no dormancy fees,” said Lito Villanueva, RCBC’s Executive Vice President, and Chief Innovation and Inclusion Officer.

Now, Jev and millions of other Filipinos have access to various financial services through the app that allows them to become truly resourceful or madiskarte.

DiskarTech is the new disbursement platform of choice for Filipinos

 

Rizal Commercial Banking Corporation’s (RCBC) financial inclusion super app DiskarTech is gaining ground as a preferred disbursement platform of Filipinos for social aid, loans proceeds, dividends, and other digital payments.

In the last two months, DiskarTech averaged 83% in month-on-month growth in volume of received funds from Social Security System (SSS).

Value of cash disbursements by the state-run insurer to DiskarTech also grew an average of 77% in the last two months, from March to April and April to May.

Meanwhile, real-time crediting of dividends payments of Manila Electric Company (Meralco) is now available for stockholders who appoint DiskarTech as their settlement account.

DiskarTech partners with digital payments gateway PayMongo

RCBC’s inclusion super app DiskarTech has teamed up with digital payments gateway PayMongo to expand the reach of its financial products and services.

PayMongo is a Filipino startup that offers various payments solutions that will help micro, small, and medium enterprises (MSMEs) give their clients access to payment options that are safe, fast, and efficient. With PayMongo, DiskarTech will be able to offer more seamless payment solutions to individuals and MSMEs using the app for financial transactions, without the need for elaborate paperwork. 

“What is really striking is that the PayMongo team has that clarity of vision. Much like their goal, DiskarTech is also rooted in creating products and services that are easy to understand. We’re all about breaking barriers. Less complex processes will encourage more Filipinos to use the app. With PayMongo, we’re looking forward to breaking some more barriers,” said Lito Villanueva, Executive Vice President and Chief Innovation and Inclusion Officer of RCBC.

airasia partners with the Best Credit Card initiative winner RCBC Bankard; offers special treat for Moms on Mother’s day

airasia sealed a new strategic partnership with Rizal Commercial Banking Corporation (RCBC) – hailed as the “best digital bank in the Philippines” through its Card servicing entity, RCBC Bankard Services Corporation , awarded Best Credit Card Initiative – as the airline’s transformation continues to become Asean’s leading travel and lifestyle platform of choice.

The collaboration allows for digital purchasing and delivery of popular international lifestyle products through airasia Shop.

airasia Shop offers value-for-money travel retail shopping, allowing customers to purchase a wide range of quality authentic products from categories such as Beauty, Fashion, Electronics & Gadgets, Health & Wellness, Kids products and exclusive airasia merchandise.

These items are also able to be conveniently delivered right to the doors through airasia’s logistics venture, Teleport.

From 6 – 31 May 2021, RCBC Bankard cardholders can enjoy Php120 OFF any purchase at airasia Shop when they use the promo code “RCBC120”. The promo code is applicable with a minimum purchase of Php1,000.

DiskarTech partners with Viber, launches online community for financial inclusion

Rizal Commercial Banking Corporation’s (RCBC) financial super app DiskarTech has launched its own Viber community.

The Madiskarteng Pilipino Viber community was created as part of RCBC’s efforts in expanding its financial literacy programs and promoting inclusion with its innovative digital banking products and services. The community features timely investment and savings tips that everyone can enjoy, as well as inspiring testimonials and quotes members can learn from. True to its DiskarTech roots, the Viber community uses Taglish language in order to reach and empower more people.

DiskarTech is also the first financial institution to offer a free Viber sticker pack to make financial education more entertaining and relatable to millions of users of the popular messaging platform.

RCBC disburses SSS loans, benefits, aids OFWs via DiskarTech app

 

The Rizal Commercial Banking Corporation (RCBC) continues to push for financial inclusion by strengthening its partnerships with various government institutions.

Members of Social Security System (SSS) can now enjoy convenient disbursements of funds through the bank’s online platforms.

Yuchengco-owned RCBC has leveled up its partnership with the government pension fund and now offers the RCBC Online Retail (ROR) as a platform where SSS members can get their benefits and loan proceeds in the comfort of their own homes.

Registered members only need to enroll their RCBC account numbers by logging into their SSS account at https://member.sss.gov.ph/members/ and choosing RCBC as the bank partner.

RCBC, Multisys to bring an all-in-one virtual banking app

Rizal Commercial Banking Corporation (RCBC) has partnered with software and IT solutions provider, Multisys Technologies Corporation, to power the country’s first financial inclusion accelerator virtual bank, DiskarTech. PLDT invested P2.15 billion in Multisys for a 45.73% interest last year.

Through DiskarTech: Kasosyo sa Asenso, RCBC will soon bring banking services and products closer to unbanked Filipinos and grassroots communities. This is in line with the commercial bank’s efforts to further promote financial inclusion in the country.

RCBC, Liga ng mga Barangay work towards financial inclusion

DISKARTECH AS A NATIONAL FINANCIAL INCLUSION ACCELERATOR PROGRAM. The Liga ng mga Barangay, led by its National President Eden Pineda, recently presented its National Executive Board Resolution to RCBC Chairperson Helen Yuchengco Dee. Also in photo are (from left) RCBC Executive Vice President and Chief Innovation and Inclusion Officer Lito Villanueva and RCBC President and CEO Eugene S. Acevedo, Chairman James Marty Lim, and Executive Director Jel R. Jiongco. The strategic collaboration will focus on accelerating financial literacy, promoting inclusive digital economy, and empowering local communities. This supports the government digitalization efforts aligned with President Duterte’s 10-point economic agenda on investing on human capital development, and promoting technology and innovation for self-sustaining and inclusive development towards poverty alleviation. This will cover all 42,000 barangays nationwide.

Rizal Commercial Banking Corporation (RCBC) has taken the first steps to bringing its digital financial inclusion initiative to grassroots communities as it gets the support and commitment of Liga ng mga Barangay sa Pilipinas (LNB).

The LNB led by National President Eden Pineda, presented its national executive board resolution stating that the organization is adopting DiskarTech: Kasosyo sa Asenso as a growth enabler and capacity-building measure for microenterprises in every barangay and its constituents. DiskarTech is a financial inclusion accelerator platform by RCBC that aims to stimulate economic activity to help uplift the unbanked and underserved Filipinos.   

RCBC leads the way to open banking in the country

Imagine being able to secure loans with some of the lowest interest rates in the banking industry. Or conveniently transferring funds from one bank account to another, or perhaps, experiencing the best possible customer banking service around.

To get all these and other “perks”, most financial institutions would require one to become their preferred client. But in today’s digital technology and in the global banking industry, getting access to all these benefits is simply a matter of banking customers securely sharing their data with other financial institutions. This is the beauty of open banking.

Open banking enables financial services customers such as companies, entrepreneurs and ordinary depositors and borrowers, to have access to various products and services from competing banks and other financial institutions by allowing the latter to digitally and securely access their financial information. Customers can compare product offerings and avail of the best ones that suit their needs and fit their capabilities, thereby helping them earn more from bigger savings interest rates, avail of loans more easily, and pay more conveniently, towards managing and improving their finances.

Championing the era of open banking

Rizal Commercial Banking Corporation (RCBC) has become the first local bank to advocate and implement open banking in the country, affirming its position as a digital trailblazer in the financial industry. In a talk on digital transformation delivered during the recent Philippine Digital Convention at the Marriott Hotel.

RCBC Chief Innovation and Inclusion Officer Lito Villanueva said RCBC is pushing for open banking to power rural banks, cooperatives, microfinance institutions (MFIs) and FinTech players' transactions via open application programming interfaces (APIs). It reduces barriers to innovation, eliminates the big banks' "walled gardens", and enables small players to be part of the National Retail Payments System (NRPS) ecosystem. 

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Leading the charge in financial inclusion

Yuchengco Group of Companies Chairperson Helen Yuchengco Dee (first row, fifth from left) and Rizal Commercial Banking Corporation Chief Innovation and Inclusion Officer Lito Villanueva (second row, fourth from left) recently led a signing of a memorandum of understanding to launch DiskarTech, the country’s first-ever financial inclusion accelerator program to harness the Filipinos’ entrepreneurial spirit. 

RCBC advocates bank consumer protection with latest online campaign

As today’s banking consumers shift to digital, RCBC wants Filipinos to make wise and careful choices in their transactions. While going online makes everyday activities easier and convenient, it also exposes accounts to risks which is why it is always important to take precautions to protect one’s personal information. 

To remind everyone to be proactive in securing their bank accounts, the Yuchengco-led bank introduces a team of safety-savvy individuals, The Unstealables, to show the importance of keeping financial data secure both online and offline. With this unique trio, RCBC highlights the responsibility it shares with clients in keeping the integrity of their accounts by giving simple tips and smart practices. 

RCBC Savings Bank strengthens financial inclusion campaign

Buting Senior High School students appreciate the RSB Financial Literacy Forum conducted by RCBC Savings Bank (RSB) officials, in partnership with the Rotary Club of Mutya ng Pasig.

RCBC Savings Bank (RSB), in partnership with the Rotary Club of Mutya ng Pasig, held a financial literacy forum at Buting Senior High School in San Joaquin, Pasig City. More than 300 high school students attended the RSB Financial Literacy Forum which aims to teach and train the young generation on smarter ways of saving and spending.

58 years of empowering Filipinos with continuous financial innovations

Through almost six decades of providing quality financial products and excellent client services, Rizal Commercial Banking Corporation (RCBC) has established its position as a trusted partner in the growth and success of Filipinos and its various business partners.

Today, the bank continues to strengthen its presence in the community, especially among the unbanked market, by developing accessible financial services to assist them in day-to-day transactions. To make this vision happen, RCBC supports the countrywide goal of the Bangko Sentral ng Pilipinas (BSP) to achieve financial inclusion.

RCBC Savings Bank awards winners of Save Up and Fly promo

In photo: L-R:  Francis Vincent R. Berdan (RSB Retail Banking Group Head), Arcelie Watiwat and Arlyn Watiwat (Trip to HongKong Winners), Mela Cojuangco (Representative of Trip to Europe Winners), Maria Lourdes Rivera (Trip to Singapore Winner), Rommel S. Latinazo (RSB President and CEO), Jerry Arconado (Representative of Trip to Europe Winners), Maria Vilma U. Garganera (Representative of Trip to Malaysia winners) and Guilberto K. Benedicto (RSB Product Sales and Support Division Head).

Lucky winners of RCBC Savings Bank’s (RSB) Save Up and Fly promo will soon fly to their dream travel destinations this 2018. By simply saving up, winners get to enjoy an all-expense paid trip for two to Europe, Hongkong, Malaysia and Singapore. Aside from travel packages, pre-loaded RSB MyWallet Visa Prepaid cards were also given out. 

RCBC creates first-of-its-kind ‘ePiso’ Digital Cash

In the photo are - Margarita Lopez - Digital Banking and Operations Head, RCBC; Ana Luisa Lim - Chief Compliance Officer, RCBC; Melchor Plabasan - Deputy Director and Head of Core Information Technology Specialist Group, BSP; John Thomas Deveras, Asset Management and Remedial Head, RCBC; Mary Ann Cube - Central Point of Contact Department IV Officer-In-Charge, BSP; Ma. Belinda Caraan - Supervision and Examination Officer-In-Charge, BSP; Helen Dee - Chairperson, RCBC; Gil Buenaventura - President, RCBC; Florentino Madonza - Controllership Head, RCBC; Jonathan Lumain - Chief Technology Officer, RCBC

Rizal Commercial Banking Corporation (RCBC) has partnered with eCurrency Mint Limited to launch its digital money, RCBC ePiso. A first-of-its-kind digital cash in the country, the ePiso is a digitized Philippine peso that enables secure, affordable, fast and efficient mode of mobile payment that provides consumers and businesses an innovative payment solution revolutionizing day-to-day commerce.

RCBC Bankard presents the 4th Mega Brands Sale at the Megatrade

MCT holds the 4^th Megabrands Sale 

at SM Megamall

Shop til you drop! Experience shopping like never before!

MEGABRANDS SALE is considered as one of the most anticipated events where shoppers buy their favorite brands at reduced prices, and as an effective venue for exposure and promotion for great and upcoming brands in the market.

On its 4^th Edition, MCT Events Management will stage the Megabrands Sale on September 28-30, 2012, at Megatrade Hall 2 & 3, Mega B, SM Megamall with its official bank partner, RCBC Bankard,” Making Your Life Better”.

Discriminating shoppers will find shopping at the Mega Brands Sale a truly rewarding experience, without the hassle that goes with Christmas rush shopping.  The event offers convenience, security, widest collection of well-known high-quality global brands and great discounts, all under one safe, air-conditioned and well-organized market place.  Reward yourself with an early Christmas shopping for shoes, bags, gadgets, and gizmos, personal care, men’s and ladies’ fashion, timepieces, eyewear, house wares, sporting goods and other gift items, with markdown prices up to 70% off on selected items and up to 90% off on Tech Gadgets while supplies last.

The 4^th MegaBrands Sale has over 150 participating brands that includes Reebok, Crocs, Cole Haan, Levi’s & Dockers, Hush Puppies, Sebago, Rudy Project, Nokia, Nike Golf, Slazenger, Elle, Wenger, Vans, Tomato among others.

The SALE happens September 28-30, from 10am to 9pm. Admission is FREE!

With media partners: The Manila Times, jobsdb.com, 88db.com, sulit.com.ph, wheninmanila.com, Lifestyle Network and Manila Life.

Pre-Christmas Sale at the 2nd Mega Brands SALE

Christmas is just around the corner... barely 3 months and counting.  So with that, you should be preparing for that Christmas gift list for your nieces, nephews, god children and of course your own little kids.  But here is great news!!  On Sept. 30, Oct 1 and 2, The 2nd Mega Brands SALE will take place at Megatrade Halls 2 and 3 of SM Megamall.  FREE Admission for 3 days!!!

Get the best bargains on your favorite brands with discounts of up to 70% on selected items from over 120 participating brands.  RCBC Bankard cardholders can avail of an exclusive 0% Interest Installment for up to 12 months! Meanwhile, special giveaways await those who will sign up for RCBC Bankard credit card during the sale event and daily raffle prizes will be given away!

So mark your calenders and see you the 2nd Mega Brands Sale at the Megatrade Halls in SM Megamall.

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