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China Trust Banking Corporation (CTBC) Signs a Contract with Exist for their Digital Banking Modernization
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China Trust Banking Corporation (CTBC) Signs a Contract with Exist for their Digital Banking Modernization
China Trust Banking Corporation (CTBC) Signs a Contract with Exist for their Digital Banking Modernization 650 486 Exist Software Labs

Exciting changes awaits to China Trust Banking Corporation (CTBC)  clients as they partner with Exist Software Labs, Inc., a renowned IT Solutions Provider in the Philippines. Through this partnership, they can expect a number of innovative digital solutions that will be available for CTBC’s clientele. For a sneak peek, they can expect a more seamless, convenient, and secure Onboarding and Loan Application System this year.

The contract signing happened in One Bonifacio, BGC, Taguig City participated by Exist Software Lab’s President & CEO, Michael Lim, VP for Engineering, Jonas Lim, and China Trust Banking Corporation (CTBC’s) Senior Vice President and Group Head for Retail Banking Group Remo Romulo M. Garrovillo Jr., Senior Vice President & Group Head for IT, Jereven Adriano and other members of their management.

After almost a year of discussion and brainstorming for the selection process, this partnership came to fruition.  There will be several digitization initiatives in CTBC that will help thousands of Filipinos make their CTBC day-to-day online banking transactions seamless while using their smartphones and computer devices anywhere, anytime. But the good news doesn’t end here for this innovation is not exclusive to retail clients but includes enterprise clients as well.

Exist Software Labs will effectively enable CTBC to better serve their clients and more Filipinos with their financial needs.  Digital Banking technologies, as a better way,  to assist in the drive for Financial inclusion in the Philippines.

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Exist fosters a future-ready digital banking technology that equips its banking and fintech partners with the agility to adapt to ever-changing market demands.

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Exist joined 10th World Financial Innovation Series at Sofitel Philippine Plaza
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Exist Joined 10th World Financial Innovation Series at Sofitel Philippine Plaza
Exist Joined 10th World Financial Innovation Series at Sofitel Philippine Plaza 650 486 Exist Software Labs

Exist Joined 10th World Financial Innovation Series at Sofitel Philippine Plaza

In this year’s event, Exist Software Labs, Inc. joined one of the biggest conferences for the Banking, Financial Services & Insurance industry – the 10th World Financial Innovation Series at Sofitel Philippine Plaza, Pasay. Hundreds of decision-makers, chief executives and managers attended the event to learn, acquire, and engage with speakers and solutions providers that will help them in their digital transformation journey.

As digital banking became one of the major topics, Banking Executives and Decision makers dropped by at Exist Booth to check our main Banking Solutions: Onboarding Solution, Mobile Internet Banking and Loans Management Solution and other services that are relevant for their digitalization needs. 

For mobile banking, all the participants who dropped by our booth got to experience Exist’s mobile internet banking and accounts onboarding/enrollment as they tried our digital banking prototype.

Through this event initiative, our hope as one of the fastest growing digital banking solutions provider in the country is to empower Financial Institutions in the Philippines in serving and reaching more clients through various digital platforms.

Exist joined 10th World Financial Innovation Series at Sofitel Philippine Plaza
Exist joined 10th World Financial Innovation Series at Sofitel Philippine Plaza
Exist joined 10th World Financial Innovation Series at Sofitel Philippine Plaza
Exist joined 10th World Financial Innovation Series at Sofitel Philippine Plaza

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Exist fosters a future-ready digital banking technology that equips its banking and fintech partners with the agility to adapt to ever-changing market demands.

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    Digital Banking Trends in the Post-Pandemic Era
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    Fast Track 2022: Digital Banking Trends in the Post-Pandemic Era
    Fast Track 2022: Digital Banking Trends in the Post-Pandemic Era 650 486 Exist Software Labs

    Staying updated on innovations and technology makes financial institutions stay on top. Exist Software Labs, Inc. will be hosting an event about digital banking trends in the post-pandemic era that will surely help the banking & other financial institutions across our country in shaping a future-ready digitalization.

    OBJECTIVES:

    1. Help the BFSI sector identify a clear roadmap for digital transformation.
    2. Give insights on the newest digital banking trends.
    3. Address infrastructure and security concerns in Online Financial Applications.

    WHO SHOULD ATTEND?

    This webinar is specifically designed for digital banking executives, decision makers, IT leaders, information security experts and business end users in the Banking and Financial Services sector in the Philippines.

    This event will be held on June 16, 2022 at 2:00PM (PHT) via Airmeet Platform. We only have limited slots available so sign up as soon as possible. We also advise you to block your schedule on your calendar to make sure your attendance on the event.

    PROGRAM:


     2:00-2:05 – Welcome Remarks

    2:05-2:25 – Post-Pandemic Digital Banking Innovations

    • What are the new innovations that the public can expect from Digital Banking?
    • A lot of consumers shifted from traditional to digital Banking but here in the Philippines, a big part of the population is still unbanked. How do you plan to reach the unbanked & underbanked?

    2:25-2:35 – Q&A
     2:35-2:55 – Readiness of Philippine Financial Infrastructure

    • Are Philippine Banks’ infrastructures scalable and flexible enough to match their digital innovations?

    2:55-3:05 – Q&A
     3:05-3:25 – Security in Digital Financial Platforms

    • During the pandemic era a rise in Digital Fraudsters, Hackers, and Phishing was observed, how does the BFSI sector address this concern?

    3:25-3:35 – Q&A
     3:35-3:40-  Closing Remarks
     3:40-3:45 – End of Discussion

    REGISTER HERE
    Strengthening their Digital Insurance Offerings: Exist and Comarch Partnership 2022. Java, Java Philippines
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    Strengthening their Digital Insurance Offerings: Exist and Comarch Partnership 2022
    Strengthening their Digital Insurance Offerings: Exist and Comarch Partnership 2022 800 507 Exist Software Labs

    Nowadays, digitalization is spreading more quickly than ever. Digital Insurance touches all aspects of our lives: managing your finances, driving an automobile, and creating your morning coffee, among others. It additionally happened to the insurance business at a scale never seen before. Acquiring insurance is sort of a relationship. And like any quiet relationship, the key part is TRUST.

    To strengthen its Digital Insurance Offering, Exist Software Labs, Inc. has partnered with Comarch. Exist is a global technology innovator providing enterprise solutions that also specializes in Digital Banking Solutions. With more than 20 years of expertise in top-of-the-game technologies like Java and Open Source, Exist built more than a trust but convenience to a lot of Filipinos in terms of seamless processes in many platforms.

    Comarch Digital Insurance has a deep understanding of the insurance business. Their product ensures consistent client expertise across devices and sales channels. Each agent and manager is equipped with the right tools to set up their task. Due to alerts and reminders, their work gets easier and simpler. Sales goals are often well-monitored in real-time by agents and managers so the overall performance and sales results are perpetually improved. Versatile content could be a nice support for agents willing to boost their skills and skilled ability.

    This will empower lots of Banks and Financial Institutions who want to scale their programs and make them simpler, analytical, and digital. With our answer, the content is often simply created, altered, and expanded. What makes the Comarch Digital Insurance & Exist Partnership powerful is that with the power of Big Data & Analytics, desired analysis and offerings would be easier. The client has access to a good variety of products, additionally within the direct channel.

    Comarch & Exist permit the agent to enter data, present and customize predefined variants, prepare the ultimate supply and issue the policy. With the right use of data, the agent can monitor the client’s information. The 360-degree client view permits the agent to access all necessary data and communication history. The agent will effectively handle insurance sales and repair processes.

    This answer allows policy observation and after-sales operation claim registration. The feature supports sales individuals whereas clients are given a dedicated portal to win their loyalty. Insurance can be available to everyone with just a tap.

    Exist Software Labs, Inc. is one of the partners of Comarch in offering Digital Insurance in the BFSI industry.

    Exist Software Labs, Inc. is one of the partners of Comarch in offering Digital Insurance in the BFSI industry.

    Download our FREE datasheet!

    Exist fosters a future-ready digital banking technology that equips its banking and fintech partners with the agility to adapt to ever-changing market demands.

    Get my copy
    Robinsons Bank Took a Big Step in Advancing their Mobile Banking System. Java, Java Philippines
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    Mobile Banking System in 2022: Robinsons Bank Took a Big Step in Advancing their MIB
    Mobile Banking System in 2022: Robinsons Bank Took a Big Step in Advancing their MIB 768 487 Exist Software Labs

    In the last twenty-four years, Robinsons Bank empowered different groups and individuals to become a bank of choice in fulfilling their changing needs. 

    “We’ve been partners with Exist for over 2 years, and they’ve developed a number of Digital Solutions for the bank.” – Mr. Ramon Abasolo – SVP & Chief Digital Officer, Robinsons Bank

    Robinsons Bank took a big step in advancing their mobile banking system that will help their operation faster and smoother. It also includes seamless banking for their customers. All became possible by partnering with Exist Software Labs, Inc. who has been one of the tech-industry leaders in the Philippines that specializes in digital banking solutions.

    In 2019, Robinsons Bank and Exist teamed up for the Advanced Mobile Banking project. It provides a direct connection with clients and allows them to safely perform banking transactions at home for an overall better banking experience.

    “We’re quite impressed with the scale & know-how of Exist. Their technical scale, knowledge of the technology stack, microservices, design, architecture & as well as their project management.” – Mr. Ramon Abasolo – SVP & Chief Digital Officer, Robinsons Bank

    In our fast-paced environment, Robinsons Bank has successfully thrived and has innovated their banking systems that truly allow their customers to do transactions online.

    With the help of Exist, they launched different programs in mobile banking. This partnership has a lot of opportunities to grow and both institutions agreed to engage and further add new plans for the project.

    With regards to improving the online banking experience, the said companies collaborated again. Robinsons Bank sought to improve its online banking experience and needed a partner that embraced the same agile principles.

    Exist Software Labs uses top-of-the-game open-source technologies like Kubernetes and in-memory data structure stores. This improvement enabled Robinsons Bank users to experience faster, smarter, and easier banking.

    Today, Robinsons Bank Mobile Applications are available in Google Play Store and Apple App Store. Thousands of people are using their mobile banking app and joyously doing their transactions online safely wherever they are.

    As of writing, Exist remains the Technology Partner of Robinsons Bank on their Digital Transformation. Having said that, RBank customers can enjoy the upcoming innovations that RBank has in store for them.

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    Exist fosters a future-ready digital banking technology that equips its banking and fintech partners with the agility to adapt to ever-changing market demands.

    Get my copy
    Digital Banking: Expectation VS Reality, Java, Java Developer Philippines
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    Digital Banking 2022: Expectation VS Reality
    Digital Banking 2022: Expectation VS Reality 768 487 Exist Software Labs

    With the rise of technology, a huge number of businesses are also transitioning from traditional to digital – including banks and other financial institutions. In this modern era of technology, what are the expectations and reality of Digital Banking?

    According to Bangko Sentral ng Pilipinas, consumers now adapt to use digital payments and prefer to use online transactions because it is safe and convenient.

    “New adopters have experienced first-hand the advantages of going digital. Their positive experiences are expected to create a ripple effect and to promote the wider use of digital payments” the BSP explained.

    COVID-19 also pushed us to use digital platforms due to health and safety concerns. Payments and transferring money are all seamless because everything is now online. It bridges family’s finances in paying bills and sending funds, shopping online, and other financial transactions. Social Distancing is not a problem at all!

    EXPECTATION: You can create an online bank account — Anytime, Anywhere!

    REALITY: Yes, but there is an enrollment process for verification purposes.

    Internet Banking helped many users to create an online bank account. As much as every bank wants to do it, your security is also their responsibility and concern which is why they are including our personal information like full name, birthday, email address, and phone number to verify and match the details on their data. Furthermore, digital banking activation process will likely need our personal details for verification. With that said, if there’s no wrong answer and all the details are legitimate, you can now have your online bank account!

    EXPECTATION: 100% Secured Banking Process

    REALITY: Digital Banking is 100% Secured and Simplified its User’s Experience

    Thanks to new technology, banks and users can now ensure that everything is secured by the use of multiple security processes before opening their accounts or transferring funds. These are the types of user verification or authentication that was created before performing transactions:

    • Two-Factor Authentication is a security system requiring a clear identification to proceed or access a specific command.
    • One-Time Password (OTP) – digit security code that is only valid for a single login session or transaction. It is a randomly generated code that is impossible to guess and reduces the risk of hacking an account.
    • Email Verification Code – is like a One-Time Password but sometimes comes with a combination of numbers and letters. The code will be sent through the account’s registered email to fully check if the login is legitimate.

    EXPECTATION: Users Expect that banks are always there for them

    REALITY: Digital Banking is Omnipresent

    Omnipresence means “widely present” at all times. With that being said, Yes, there’s a limitation in banks where they cannot always reply fastly to user’s concerns, but users can contact them directly with different channels! The reality is, Banks are thinking about their customers. They are there where their customers are – even online!

    With the fast-paced environment, traditional banks must learn and adapt to the new normal. Huge numbers of users are now comfortable with digitalization and financial institutions have to bring convenience too with their customers.

    Exist Software Labs, Inc and Digital Banking

    Exist Digital Banking and Fintech have already streamlined the solutions-building process by creating a foundational banking app that can easily integrate with core banking systems using a standard set of integration connectors to equip banks with capabilities to rapidly shift and compete in the digital economy.

    For those in need of a modern and agile digital banking solution, Exist offers a faster and more flexible way for banks to create and implement a solution that can be tailored to their own unique needs which can deliver a seamless customer experience across any device.

    What do you think? Does digital banking meet your expectations or exceed them?

    Exist Software Labs, Inc. is committed to extending our assistance to several banks with their Digital Onboarding requirements. We have been in the business for 20 years, and the mission to enable corporations to go on digital and have a competitive advantage in this fast-changing world is at our core. Go where the possibilities are boundless!

    PBCOM-Exist enriches remarkable years-long partnership; Bringing more banking tech upgrades in 2022, Java, Java Philippines
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    PBCOM-Exist enriches remarkable years-long partnership; Bringing more banking tech upgrades in 2022
    PBCOM-Exist enriches remarkable years-long partnership; Bringing more banking tech upgrades in 2022 768 487 Exist Software Labs

    PBCOM’s Chief Operating Officer, John Howard Medina, had this to say:

    “The team at EXIST has brought us several technology innovations over the last few years and we look forward to continuing to push the digital envelope with them.”

    Philippine Bank of Communications has strengthened its partnership with Exist Software Labs, Inc. which has been a key technology consultant and implementation ally.  By this, the alliance allows both parties to continue to co-develop the innovations needed for the bank’s digital channels.

    This partnership began in 2016 with the creation of the omnichannel PBCOM Online Platform (POP) and in 2019 the PBCOMobile self-service banking app.

    Exist’s VP for Engineering shared his excitement about flourishing the said partnership.

    “The partnership between PBCOM and Exist is doing great. It is built on mutual trust and a common commitment to ensuring success to PBCOM’s digital roadmap. As a technology partner, we continuously aim to work closely with PBCOM to ensure that the most appropriate and practical technology options will always be available for PBCOM’s digital strategy.”

    PBCOM and Exist

    Here is the timeline that marks the milestones that Exist and PBCOM achieved throughout the years:

    PBCOM tapped Exist to develop POP

    In 2016, PBCOM decided to relaunch its electronic channels after years of remaining dormant despite introducing online banking as early as 2003. PBCom Online platform (POP) is a retail omnichannel digital banking service.

    POP was launched to the public

    POP is an omnichannel banking application that allows its users to perform secure banking transactions like the following:

    • Viewing account balances
    • Monitoring transaction history
    • Downloading bank statements
    • Transferring money
    • Paying bills
    • Sending money to third-party bank accounts

    Internet and mobile versions of the app have the same look and feel, making it easier to understand and use.

    It is within this year also that they subscribed to Exist Maintenance Service for POP. This agreement between the two is annually renewed.

    Exist developed the OTP platform for POP

    This was added to let POP have multi-factor authentication to improve its security and avoid unauthorized access. Exist also had several Change Orders with PBCOM in 2018 for the constant improvement of POP.

    PBCOM partnered with Exist once again to develop PBCOMobile

    In 2019, PBCOM decided to level up its digital channels by working an online onboarding and banking application called PBCOMobile. The application was launched within the same year as well. The mobile banking app is now accessible for new PBCOM customers who want to open an account online and perform banking transactions without ever having to visit a bank branch. PBCOM also subscribed to Exist Maintenance Service for POP OTP in the same year.

    PBCOM and Exist are under a contract valid until 2025

    Again, PBCOM subscribed to the Maintenance Service for PBCOMobile. Exist ceaselessly ensures that PBCOM’s applications are performing efficiently and error-free. Currently, the two’s contract has a 5-year lock-up, which actively demonstrates that they will work hand-in-hand for PBCOM’s applications and online technologies until 2025.

    Download our FREE datasheet!

    Exist fosters a future-ready digital banking technology that equips its banking and fintech partners with the agility to adapt to ever-changing market demands.

    Get my copy

    Exist Digital Banking and Fintech have already streamlined the solutions-building process by creating a foundational banking app that can easily integrate with core banking systems using a standard set of integration connectors to equip banks with capabilities to shift and compete in the digital economy rapidly.

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