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.

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.

Tasked with helping RCBC in educating Filipinos to be responsible and informed banking customers, The Unstealables includes:

RCBC joins industry forum on the future of payment for Filipinos with ePiso

RCBC took part in the recent The Future of Finance, Philippines 2018 conference with the theme “Strong Economy and Vital Innovation for the Philippines”. Organized by The Asian Banker, the annual forum featured discussions on the opportunities and challenges in the local banking market, how to reach the unbanked through digital technology, and how to successfully usher the country into the new era of digital banking.

A set of global speakers and panelists, including RCBC first senior vice president and head of digital banking group Margarita Lopez, presented case studies and best practices among more than 200 bankers, financial services professionals, policymakers, investors, innovators, regulators, academics, local, and international business leaders.

During the panel discussion on the Future of Payments for Filipinos, Lopez talked about the RCBC ePiso. “We want to enable easy, secure and convenient electronic payments as part of their day-to-day habits and once we do that, we then become part of their everyday lives,” noted Lopez as she underscored the bank’s mission to become part of consumers’ activities and to enable them with access to digital payments through ePiso.

RCBC Savings Bank launches Dash and Drive raffle promo

As the inflation uptrend continues to impact consumer spending, hefty offers that give more value for money are a welcome breather.

RCBC Savings Bank (RSB) introduces the Dash and Drive raffle promo, where a free dash cam and a chance to win an all-expense-paid 4 days/3 nights trip for 2 to Bangkok awaits buyers of brand-new cars at selected Honda and Isuzu dealerships.

To earn an electronic raffle entry, visit any participating Yuchengco Group of Companies’ (YGC) Honda or Isuzu dealership and avail of an RSB auto loan worth at least P300,000. A free dashcam is given to those with a minimum loanable amount of P850,000 and a loan term of at least 3 years.

5 ways you can protect your online banking details

Digitalization has certainly helped many young adults to manage their finances to keep pace with the demands of their active and busy lifestyles. From enjoying cashless transactions, to conveniently booking movie tickets and paying necessary bills, most of the millennials’ activities can now be done with just one click or tap on their smartphones.

As most banks now offer online banking, many Filipinos can experience transacting on-the-go or at the comfort of their homes. Unlike traditional banking, going online also provides you with an easier way to save and track where you are spending your money.

RCBC rolls out first ever online FX platform

RCBC has just become the first bank in the country to offer an online foreign exchange platform, that allows their existing clients and accountholders to buy and sell currency online.

The Online FX Trading Platform is currently the only foreign exchange execution platform in the country that can be accessed using the web, eliminating the need for face-to-face or over-the-phone transactions when exchanging foreign currency.

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.

Fifteen depositors were drawn from the raffle last April 23, 2018. RCBC Savings Bank President and CEO, Rommel Latinazo awarded the winners, together with the head of Retail Banking Group, Mr. Francis Vincent Berdan, and head of Product Sales and Support Division, Mr. Guilberto Benedicto during the awarding ceremony last June 7.

RCBC promotes financial inclusion among farmers, brings ePiso to Bukidnon

RCBC brings ePiso, the country’s first-ever digital money, closer to farmers and agri-businesses in Valencia City, Bukidnon province, following the success of its pilot launch in Muntinlupa City.

The Yuchengco-led bank is elevating its efforts in support of Bangko Sentral ng Pilipinas’ goal of financial inclusion. It taps its subsidiary, Rizal Microbank, to reach out to local microenterprises and small businesses in the agricultural sector and enable them to have better access to financial loans as it introduces RCBC ePiso to farming communities in Bukidnon.

RCBC Net Income for 2017 at P4.3 billion, up 11%

Rizal Commercial Banking Corporation posted an unaudited consolidated Net Income of P4.3 billion for the year ended 2017, 11.4% higher than the P3.9 billion reported in 2016.

Net income in the fourth quarter alone grew by 146% to P904 million compared to P368 million in the same period last year driven by a 27% growth in Net Interest Income and a 19% growth in Non-Interest Income.

RCBC reveals “We believe in you” philosophy

Rizal Commercial Bank Corporation (RCBC), one of the leading universal banks in the Philippines, today unveils its new corporate logo and tagline “We believe in you,” which signals the start of a new era of providing excellent and trusted banking services for Filipinos.

“This milestone signals the arrival of a more committed, refreshed and re-energized RCBC, that is ready to meet the demands of the ever-changing Philippine banking industry,” said RCBC President and CEO Gil A. Buenaventura.

“We believe in you” is not just a tagline for RCBC, but a battle cry to show our unwavering support and trust to the indomitable Filipino spirit. At the same time, this new corporate thrust is meant to encourage Filipinos not only to dream, but to pursue their passions and dreams, and turn them into reality – whether it’s traveling to your dream destination, venturing into a new business, or purchasing a new home or car,” Buenaventura stressed.