CTBC Bank revamps corporate banking with Hitachi Asia collaboration

By Gloria Methri

CTBC Bank (Philippines) Corp. has teamed up with Hitachi Asia to launch its revamped Corporate NETBanking Web Portal. Building on the success of their previous partnership, which redesigned consumer-facing web interfaces and mobile banking applications, the two organisations are now extending their innovation to corporate banking.

The new platform is designed for businesses of all sizes, from small startups to large companies. It helps them manage finances more efficiently with better security and a user-friendly experience. This upgrade aims to simplify operations and meet the changing needs of corporate banking customers.

The 2023 Report on the Status of Digital Payments in the Philippines highlights a significant milestone for the Bangko Sentral ng Pilipinas (BSP), which surpassed its target under the BSP Digital Payments Transformation Roadmap 2020-2023 by increasing digital retail payments from 42.1% in 2022 to 52.8% in 2023.

The enhanced Corporate NETBanking Web Portal improves financial management with key features such as:

• Real-time Account Management: Access deposit accounts, loan balances, and transaction history for informed decision-making.
• Expanded Payment Options: Supports multiple local and international payment channels for seamless transactions.
• Bulk Transaction Processing: Streamlines payments and payroll with bulk upload capabilities.
• Customisable Workflows: Flexible approval setups to match business needs and transaction limits.

“This new platform is more than a tool – it’s a strategic enabler for businesses to manage their finances with ease, efficiency, and confidence,” said Luis S. Elizaga, President and CEO of CTBC Bank Philippines. “Following the success of our retail app revamp, this collaboration with Hitachi Asia demonstrates our continued commitment to innovation, ensuring both our consumer and corporate clients have access to cutting-edge digital banking solutions.”

“In today’s financial landscape, ensuring secure and seamless access to banking services is non-negotiable,” said Lourdes Yap, Senior Director, Sales, Marketing and Business Development, Hitachi Asia Ltd. Philippines. “At Hitachi, we are committed to leveraging technology to enhance access to financial services and contribute to societal progress. Together with Hitachi Group of Companies – Megalink¹ and Hitachi Digital Payment Solutions¹, this partnership with CTBC Bank Philippines underscores our dedication to delivering innovative solutions that improve operational efficiency and safeguard financial data, enabling businesses to thrive in an ever-evolving market.”