From left, at the table – Hiroshi Katagiri, former GM, Hitachi Asia Ltd. Philippines Branch; Luis Elizaga, President and CEO, CTBC Bank Philippines; Jereven Adriano, SVP & Head, Information Technology Group, CTBC Bank Philippines; From left, standing – Lourdes Yap, Senior Director, Sales & Marketing, Hitachi Asia Ltd. Philippines, Sandaruwan DeSilva, COO, Hitachi Digital Payment Solutions Philippines Inc., Raveen Vedarshana, CEO, Megalink, Inc., Yoichi Isoda, CEO, Hitachi Digital Payment Solutions Philippines Inc., Chief Marketing Officer, Megalink, Inc., Oliver Jimeno, Senior Adviser to the Board Chairman and former President & CEO, CTBC Bank Philippines, Arthur Wang, Executive Vice President and Deputy CEO, CTBC Bank Philippines.
CTBC Bank (Philippines) Corp., in collaboration with Hitachi Asia, today unveiled its revamped Corporate NetBanking Web Portal. Building on the success of their previous partnership, which redesigned consumer-facing web interface and mobile banking applications, the two organisations are now extending their innovation to corporate banking. Empowering customers of all sizes – from Micro, Small and Medium Enterprises (MSMEs) to large enterprises – businesses can now streamline financial operations with an upgraded, secure and user-centric platform, thereby improving operational efficiency and meeting the evolving corporate banking requirements.
The 2023 Report on the Status of Digital Payments in the Philippines highlights a significant milestone for the Bangko Sentral ng Pilipinas (BSP), which surpassed its target under the BSP Digital Payments Transformation Roadmap 2020-2023 by increasing digital retail payments from 42.1% in 2022 to 52.8% in 2023. This latest collaboration between CTBC Bank Philippines and Hitachi Asia reinforces their continued commitment to accelerating digital transformation in financial services, making banking more accessible, affordable, and secure for businesses across the country.
The enhanced Corporate NetBanking Web Portal introduces a host of features that streamline financial operations, ensuring both efficiency and flexibility. Key functionalities include:
Security is a cornerstone of the Corporate NetBanking Web Portal, with features like two-factor authentication (2FA) ensuring robust protection against unauthorised access. Real-time notifications provide immediate updates on transactions, enhancing tracking and minimising fraud risks. Flexible approval workflows, such as Maker-Checker-Approver setups, further ensure compliance with corporate policies while adapting to specific organisational needs. Together, these measures create a secure and reliable foundation for businesses to confidently manage their financial activities.
“This new platform is more than a tool – it’s a strategic enabler for businesses to manage their finances with ease, efficiency, and confidence,” said Luis S. Elizaga, President and CEO of CTBC Bank Philippines. “Following the success of our retail app revamp, this collaboration with Hitachi Asia demonstrates our continued commitment to innovation, ensuring both our consumer and corporate clients have access to cutting-edge digital banking solutions.”
“In today’s financial landscape, ensuring secure and seamless access to banking services is non-negotiable,” said Lourdes Yap, Senior Director, Sales, Marketing and Business Development, Hitachi Asia Ltd. Philippines. “At Hitachi, we are committed to leveraging technology to enhance access to financial services and contribute to societal progress. Together with Hitachi Group of Companies – Megalink1 and Hitachi Digital Payment Solutions1, this partnership with CTBC Bank Philippines underscores our dedication to delivering innovative solutions that improve operational efficiency and safeguard financial data, enabling businesses to thrive in an ever-evolving market.”
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1Megalink and Hitachi Digital Payment Solutions are subsidiaries of Hitachi Channel Solution Corporation in the Philippines. Hitachi Channel Solution Corporation is a leading vendor of cash recycling ATMs in the world. It also provides a suite of banking and digital commerce solutions.