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Manila Bulletin devider Business devider RBank recognized for innovative digital services

RBank recognized for innovative digital services

Published Jul 3, 2021 07:00 am

Robinsons Bank (RBank), the financial services arm of the Gokongwei Group, has once again caught the eye of the global landscape with its various product innovations that have earned distinction in 2021.

RBank was recognized as “Most Innovative Digital Banking Services – PH 2021” from The Global Economics Awards, and The Global Business Review Magazine Awards.  

In a statement, RBank said it has been relentless in developing new services and innovating digital​​​​​ products since the onset of the pandemic. It has released the RBank Sign Up, an online account opening mobile application providing convenience to Filipinos to open a bank​​​​ account without going to a branch.

The app also boasts its capability for a digital payroll account opening -- allowing companies to easily open the bank accounts for their employees via the app!  

Additionally, RBank Sign Up also offers its IPONsurance Deposit Product, a savings account that comes with a free life insurance.  IPONsurance is the perfect savings account product to secure the future of your family especially in these difficult times. 

RBank Sign Up’s uniqueness in the market has allowed it to be awarded as the “Most Innovative Digital Product – PH 2021” by the World Economic Magazine Awards. In 2020, RBank Sign Up also brought recognition to RBank with the award “Omni-Experience Innovator” from the IDC DX Awards.   

In addition, the bank cited its continuous improvement on its RBank Digital online banking app by adding more features such as sending funds via QR and the RBank Remit, a service that allows RBank accountholders to send remittance to any Cebuana Lhuillier branch nationwide, in real-time!   

RBank's latest innovation in the development of a cash advance service called   the "InstaBale" found in its online banking app. The InstaBale allows eligible RBank Payroll accountholders to make a cash advance on their salaries, providing instant funds within minutes. 

It added that through these innovations to fulfill the changing needs of its customers, RBank strives to make the banking experience of every Filipino easier and more accessible, especially from the burden brought by the pandemic.    

At present, RBank ranks 18th among universal and commercial banks in the country, with assets amounting to P151.215 billion  as of December 2020. The Bank is recognized as the Fastest Growing Retail Bank in the Philippines for 2019-2010 by The Global Banking and Finance Review; Fastest Growing Commercial Bank in the Philippines for 2019 and 2020 by the Global Business Outlook; and the Best Commercial Bank in the Philippines for 2020 by the International Business Magazine.   

Related Tags

Gokongwei Group Most Innovative Digital Banking Services – PH 2021 Robinsons Bank (RBank)
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