3 reasons why Komo by EastWest should be your go-to digital banking service

As the world continues shifting to the digital space, online banking becomes even more of a necessity and not just a convenience.

In May 2020, universal bank EastWest launched Komo, a fully digital banking service backed by the security of a strong, established bank. With just the app, Komo provides customers a convenient and digital experience from account opening to transactions to even card management, all without going to a branch, being stuck in lines, and worrying about any hidden charges.

RCBC harnesses technology for digital natives

Today’s young generation of digital natives has been using their smartphones and internet-enabled devices not only to access information, but to explore what technology can offer, especially when it comes to managing their finances and growing wealth.

Driven by this behavior, younger and tech-savvy consumers tend to switch accounts with different banks more often. In the 2019 Consumer Digital Banking Survey conducted by PricewaterhouseCoopers (PwC), 21% of respondents had planned to open a new deposit account that year, including 46% of Gen Zers and 26% of millennials.  Survey data also indicates that younger consumers are more likely to open an account based on experiential factors, and not necessarily interest rates.