Hitachi Asia Aids CTBC Bank Philippines To Upgrade Its Corporate Banking Portal

CTBC Bank Philippines and Hitachi Asia have collaborated to update corporate banking services with a new Corporate NETBanking Web Portal. The project builds on their prior work on the bank’s consumer web interface and mobile applications, now serving corporate clients, from MSMEs to large corporations.

The platform aims to streamline financial operations, enhance security and improve efficiency.

Luis S. Elizaga, President and CEO of CTBC Bank Philippines, said, “This new platform is a strategic enabler for businesses to manage their finances.”

Growth in digital financial services is evident in the Philippines. The 2023 Report on the Status of Digital Payments in the Philippines showed increased digital retail payments.

The partnership between CTBC Bank Philippines and Hitachi Asia reflects their participation in this digital transformation, aiming to make banking more accessible and secure for businesses.

The upgraded Corporate NETBanking Web Portal streamlines financial operations with enhanced efficiency and flexibility.

Key features include comprehensive account management with real-time access to financial data. It also offers diverse payment capabilities for local and global transactions. Bulk transaction processing is available for increased productivity. Finally, customisable workflows and approval matrices allow for adaptable processes.

It also provides tools for corporate banking businesses in the Philippines to manage accounts and access financial data, facilitates local and international payments. All of which can be done via systems like InstaPay and SWIFT, enabling bulk transaction processing.

Businesses can tailor the platform to their needs with customisable workflows and approval processes. Security is enhanced through two-factor authentication and real-time transaction alerts, while flexible approval workflows, including Maker-Checker-Approver configurations, are also incorporated.

Lourdes Yap, Senior Director at Hitachi Asia Ltd. Philippines, highlighted the importance of secure banking access, adding, “At Hitachi, we are committed to leveraging technology to enhance access to financial services.”

This joint effort demonstrates the organisations’ focus on providing business solutions.

Featured image credit: Edited from Freepik