MANILA, Philippines — State-run Land Bank of the Philippines was named as “Asia’s Most Inclusive Bank” at the 2019 Financial Insights Innovation Awards (FIIA) by the International Data Corp., for its innovations that promoted financial inclusion in the Philippines.
Landbank said the award, given during a ceremony held recently at the Marina Bay Sands Convention Center in Singapore, was conferred in recognition of the bank’s Digital Onboarding System (DOBS).
Out of 110 entries, Landbank is one of the 13 awardees and the only Philippine bank recognized in this year’s FIIA.
The DOBS is a web application launched by Landbank in 2018 to reduce the time needed to open accounts and to simplify the account enrollment process for clients.
“This project is a significant step towards streamlining our processes and making our branches more IT (information technology)-centric. DOBS will likewise play a central role in bringing our services to more unbanked and unserved areas, as we pursue our vision of promoting inclusive growth in the countryside,” said Landbank executive vice president Alan Bornas, who received the award.
Read more: The Philippine Star
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