Connect with us

Hi, what are you looking for?

HEADLINES

SeaBank Philippines wins top honors at Global Payments Innovation Awards 2023

SeaBank’s implementation of world-class security standards has been a key priority of the Bank, leading it to a win in the Best Security Application in the Payments Initiative category.

SeaBank Philippines, Inc. (A Rural Bank) won the top award in the Best Security Application in Payments Initiative category and the highly-acclaimed recognition in the Best Data and Analytics Application in Payments Initiative at the Global Payments Innovation Awards 2023. This year’s Global Payments Innovation Awards, organized by The Digital Banker, received a record number of submissions from over 300 banking institutions across 6 continents.

SeaBank’s implementation of world-class security standards has been a key priority of the Bank, leading it to a win in the Best Security Application in the Payments Initiative category. “This reflects our commitment to offering our users peace of mind when banking online by reducing the risk of unauthorized access and fraudulent activities as well as providing a secure environment for seamless and protected financial transactions”, said Jan Ng, Head of Payments, Deposits, and Transfers of SeaBank, during his acceptance speech.

SeaBank also takes an unconventional approach by warning its customers of potential system issues at other banks before the affected banks formally announce it. “We proactively monitor and identify patterns consistent with system downtime, at both our internal and partner bank systems, to ensure that users enjoy seamless transactions and are well-informed on unforeseen issues arising from payment platforms. This enables them to transact with ease and confidence”, Ng added. “If we see a potential issue at other banks, we immediately put a warning on our app”

Ng also discussed the Bank’s vision for the future. “SeaBank is dedicated to providing secure and hassle-free payment experiences that promote financial inclusion, digital banking adoption, and convenient financial services for all Filipinos.”

Advertisement. Scroll to continue reading.

SeaBank Philippines, Inc. (A Rural Bank) provides a wide range of financial products and services aimed at helping improve the lives of many through technology. Regulated by the Bangko Sentral ng Pilipinas, SEARB was formerly known as Banco Laguna, Inc. (A Rural Bank since 1965) and is majority-owned by Sea Limited (NYSE: SE), a global consumer internet company founded and headquartered in Singapore and listed on the New York Stock Exchange.

SeaBank PH is committed to improving accessibility to financial services among rural communities and the underserved through customer-centric banking solutions with best-in-class UI/UX and market-leading digital propositions anchored on exemplary customer service and data security.

Advertisement
Advertisement
Advertisement

Like Us On Facebook

You May Also Like

HEADLINES

Called RCBC Pay, it is a payment solution that allows RCBC Mastercard credit cardholders to make secure, contactless payments using their Near Field Communication...

HEADLINES

As the first bank partner to be integrated into CoDMs, GoTyme Bank offers the unique advantage of being able to convert coins into direct...

HEADLINES

For individuals who are new to digital banking, navigating online services can be daunting, increasing their vulnerability to cyber threats. This underscores the importance...

HEADLINES

Currently in early access and available to select users, Maya Personal Loan offers up to ₱250,000 with flexible repayment terms of up to 24...

HEADLINES

This year, UnionDigital commemorates its anniversary with the introduction of its UD Cares initiative at San Pedro Elementary School in Laguna, marking the beginning...

HEADLINES

Carlos Tengkiat, chief information security officer of the Rizal Commercial Banking Corporation (RCBC), cautioned that millions of pesos can potentially be lost as online...

HEADLINES

“UnionBank has stood out among others due to its exceptional performance based on a number of key metrics as determined and measured by the...

HEADLINES

This partnership signifies BPI and BTI Payments’ shared commitment to improving financial accessibility across the country, ensuring that Filipinos can conveniently conduct bank transactions...

Advertisement