DISKARTECH AS A NATIONAL FINANCIAL INCLUSION ACCELERATOR PROGRAM. The Liga ng mga Barangay, led by its National President Eden Pineda, recently presented its National Executive Board Resolution to RCBC Chairperson Helen Yuchengco Dee. Also in photo are (from left) RCBC Executive Vice President and Chief Innovation and Inclusion Officer Lito Villanueva and RCBC President and CEO Eugene S. Acevedo, Chairman James Marty Lim, and Executive Director Jel R. Jiongco. The strategic collaboration will focus on accelerating financial literacy, promoting inclusive digital economy, and empowering local communities. This supports the government digitalization efforts aligned with President Duterte’s 10-point economic agenda on investing on human capital development, and promoting technology and innovation for self-sustaining and inclusive development towards poverty alleviation. This will cover all 42,000 barangays nationwide.

Rizal Commercial Banking Corporation (RCBC) has taken the first steps to bringing its digital financial inclusion initiative to grassroots communities as it gets the support and commitment of Liga ng mga Barangay sa Pilipinas (LNB).

The LNB led by National President Eden Pineda, presented its national executive board resolution stating that the organization is adopting DiskarTech: Kasosyo sa Asenso as a growth enabler and capacity-building measure for microenterprises in every barangay and its constituents. DiskarTech is a financial inclusion accelerator platform by RCBC that aims to stimulate economic activity to help uplift the unbanked and underserved Filipinos.

The strategic collaboration will focus on accelerating financial literacy, promoting inclusive digital economy, and empowering local communities. This supports the government digitalization efforts aligned with President Duterte’s 10-point economic agenda on investing on human capital development, and promoting technology and innovation for self-sustaining and inclusive development towards poverty alleviation.

LNB is the official organization of over 42,000 barangays throughout the country. It is committed to providing avenues and assistance to promote welfare and ensure success of the national government’s National Strategy for Financial Inclusion and National Retail Payments System.

“This financial inclusion accelerator will be pervasive throughout the country as it would address the huge gaps in financial services while reducing the number of unbanked and underserved communities,” said RCBC Executive Vice President and Chief Innovation and Inclusion Officer Lito Villanueva.

By adopting DiskarTech, LNB will be taking an active role in leading workshops and programs on financial education and literacy with the assistance of the DiskarTech National Coordinating Team. They will also be engaging its member municipalities to appoint their own DiskarTech Community Leader (DCL) who will facilitate participation of residents and entrepreneurs in the program.

“DiskarTech will pave the way for the real transformation of our communities nationwide as it would provide opportunities to our constituents, giving them the chance to be part of the formal financial system through technology,” said Liga ng mga Barangay National President Eden Pineda.

In an effort to encourage economic activity, partner sari-sari stores or microenterprises will also be identified as Barangay Digital Community Centers (BDCCs) to serve as the go-to hub of every resident for their financial needs - whether it’s paying bills, depositing savings to their accounts, buying micro insurance or sending money to their loved ones.

With this, RCBC hopes to turbocharge the growth of digital financial transactions in the country from the current one percent to a minimum of twenty percent by next year. Through DiskarTech, this initiaitve hopes to bring to realization the vision of Bangko Sentral ng Pilipinas of creating a cash-lite and digital economy for greater efficiency, security, interoperability, and affordability.

Joining LNB and 20 other existing partners, a number of private organizations have also signed up recently to join the DiskarTech financial inclusion ecosystem to benefit their respective constituents. These partners include Ka-Entrep Micro and Small Entrepreneurs Organization of the Philippines, Bangko Pangasinan, and Rizal Microbank, among others.

Rural bank Bangko Pangasinan and thrift bank Rizal Microbank also share how DiskarTech would empower the agriculture sector with access to basic financial needs and microfinance loans. “DiskarTech is an open platform and the way it works is that banks like us can communicate with other banks. Similar to an open banking system, there will be no barriers and it will become interoperable to make it easier to reach and assist the underserved market,” said Gregory De Guzman, Bangko Pangasinan president and COO. Joseph Lumain, Strategic Partnerships and Special Initiatives head at Rizal Microbank, agrees that DiskarTech will be an effective way to reach numerous individuals at the same time. “Basically, what DiskarTech is offering are the basic services of a bank through digital means. And in an era where almost everyone is tech-savvy, DiskarTech can be the perfect solution to present financial services in an understandable way, and eventually helping answer the issue of financial inclusion.”

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.

The Save Up and Fly Promo was launched in 2017. An RSB Depositor earns a raffle entry for at least P5,000-worth of new or additional deposit, depending on the RSB savings and checking account that was opened. Aside from getting a raffle entry, clients can instantly win a brand new Samsung Phone by opening a new Dragon Savings and Dragon All-in-One Checking account and maintain at least Php 250,000 deposit for 10 months.

The winners of the trip for two to Europe are Maria B. Elefante and Tomas Elefante. HongKong Trip for two winners are Arjay Watiwat and Antonio Watiwat. Andrea Michaela Lanuza and Gerardo Domenico Antonio Lanuza won the trip for two to Malaysia. Maria Lourdes Rivera, Maria Paula Carolyn Rivera and Marie Franze Stefanie Rivera won the trip for two to Singapore. MyWallet Cash cards loaded with P3,000 winners are: Stephen Edgar Durnien and Jelita Durnien; Lilia Tiu, Alicia Velacion and Oliver Velacion, Ranilo Jose Sioson; April Frances Lapuz, Alejandro Udiong and Angelita Udiong, Rosemarie Lirazan; Rosalina Ngo and Anson Ngo; Cesar Pangilinan; Cyric Tan and Maria Cecilia Tan.

RCBC Savings Bank (RSB) is the consumer banking arm of Rizal Commercial Banking Corporation (RCBC) and a member of the Yuchengco Group of Companies (YGC). It is one of the top thrift banks in the country, with over 150 business and lending centers nationwide. Retail financial services include deposit and investment products, as well as auto and housing loans. For more information on RCBC Savings Bank, visit www.rcbcsavingsbank.com.