Robinsons Bank Selects BPC to Drive Financial Inclusion Across the Philippines

Robinsons Bank (RBank), owned by JG Summit Holdings, Inc., one of the Philippines’ largest and most diversified conglomerates, announced that it has chosen BPC as its solution partner to co-innovate, “to drive financial inclusion and digital adoption across the nation.”

Using BPC’s SmartVista Platform, RBank will be able “to bring new products to customers in a highly efficient and cost-effective manner.”

As noted in the update, RBank started as “a savings bank in 1997 and was the nation’s 18th largest bank in 2018.” It was recognized for three consecutive years as one of the nation’s fastest-growing commercial banks and won “Most Innovative Digital Banking Services – PH 2021” in The Global Economics Awards.

Operating under a “Look Forward approach” to servicing and growing its customer base, the bank took the next step “to replace its legacy systems with the more innovative and technologically advanced payment solutions providers in the market.”

As mentioned in the announcement, the bank has “selected the SmartVista platform, with BPC launching the new Credit Card issuance solution with a Virtual Card later this summer.”

BPC was “selected based on its experience serving some of the world’s largest and forward-looking financial institutions and fintechs globally while it first entered the Philippines in 2004 building a great understanding and knowledge of the local context.”

Maire Karabel D. Dadufalza, Head of Cards at RBank, said:

“We are operating in a highly competitive market and need to bring new products to customers quickly and effectively. With a dynamic and constant innovation roadmap, we are thrilled to be working with a technology partner that supports our enthusiasm for growth and new product development. Together with BPC, we are excited to elevate our customers’ banking experiences in a seamless and modern way.”

Eugene Gutierrez, SVP – Country Director Philippines, BPC, said:

“This is the start of a groundbreaking collaboration. We do not see a vendor and client relationship but rather a partnership to co-innovate and drive digital financial inclusion across the Philippines. We are looking forward to providing RBank with the best payment technology to spur innovation and accelerate its roll out of new services. This mission will be supported by our local presence which enables deep insight and understanding of how Filipinos bank, pay and get paid.”

For over 25 years, BPC has been “at the forefront of the digital revolution, serving over 350 financial institutions in over 100 countries with state-of-the-art banking and payment solutions.”

Their SmartVista Platform “offers modules that can be used as micro-services as standalone or for full end-to-end banking and payment experience, on-premise or as a service.”

While the Philippines has a large, socio-economically diverse population of over 100 million people spanning over 7,000 islands, geographic and institutional barriers to accessing financial services “mean that over 70 percent of Filipinos remain unbanked, yet this is changing with meaningful new developments such as the recent launch of the country’s first digital-only bank TONIK.”

Incumbent banks are also “growing their digital investments in order to welcome more customers and reduce friction for their existing customers.”

Founded in 1996, BPC has “transformed over the years to deliver innovative and best in class proven solutions which fit with today’s consumer lifestyle when banking, shopping or moving in both urban and rural areas, bridging real life and the digital world.”

With 350 customers across 100 countries globally, BPC collaborates “with all ecosystem players ranging from tier one banks to neobanks, Payment Service Providers (PSPs) to large processors, e-commerce giants to start-up merchants, and government bodies to local hail riding companies.”

BPC’s SmartVista suite “comprises cutting-edge banking, commerce and mobility solutions including digital banking, ATM & switching, payments processing, card and fraud management, financial inclusion, merchant portals, transport and smart cities solutions.”

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