ADB’s 3rd Asia Finance Forum to the Rural Bankers‘ Association Symposium to the Singapore Fintech Festival (SFF x Switch)
(November 13, 2019)
Sharing some photos of our EVP, Tanya Hotchkiss, from a series of events that she attended these past 2 weeks highlighting financial inclusion as a critical driver towards achieving countryside development.
Yesterday, she spoke at the Singapore Fintech Festival in front of an estimated 50k crowd – stressing the advantage of being in the cloud for institutions like Cantilan Bank whose main goal is to make it easy for clients to do financial transactions.
She particularly mentioned the revolutionary offering of Cantilan Bank that will soon cater OFWs in Singapore, making it possible for them to send money at OCBC Bank in Singapore to an account holder at Cantilan Bank.
Tagging the following: Oradian, UnionBank of the Philippines, Asian Development Bank – ADB, Bangko Sentral ng Pilipinas, and OCBC Bank Rural Bankers Association of the Philippines as they are all part of this digitization journey of Cantilan Bank.
Cantilan Bank’s President Brig. Gen. Charles Y. Hotchkiss (Ret.) and Executive Vice President Tanya P. Hotchkiss attended the Rural Bankers Association of the Philippines’ (RBAP) 62nd Charter Anniversary Symposium at the Manila Hotel on November 6-7, 2019.This year’s theme, “Rural Banks: Reaching Communities thru Digital Banking”, aims to promote the advantage of digitization among rural banks in order to further expand customer reach.
Cantilan Bank, being the first bank in the country to use a cloud-based core banking technology, shared to other participating institutions the best practices it has acquired through integrating digital technologies in its operations and how it has helped the Bank propel its mission to develop financial literacy in many communities.
One of the highlights of the event was the MOA Signing between RBAP and Department of Agriculture (DA) represented by Sec. Dr. William D. Dar (seated, 2nd from right). Also in the photo is CANBNK President Brig. Gen. Charles Y. Hotchkiss (Ret.) (standing, 4th from right).
The event aims to bring together different value chain actors in food production industry, policy-makers and consumers alike in the discourse of giving value of food through improved techniques and cold chain technology.
The Philippine Cold Chain Project is funded by the United States Department of Agriculture and implemented by Winrock International in Caraga Region.
You can visit CANBNK’s booth at Hotel Oazis and win exciting prizes such as calendars, ballpens, t-shirts, mugs and eco bags.
“We worked closely with Cantilan Bank to digitise their operations and processes and enable their business to run on one platform – across all branches. Regulatory reporting is simplified and more efficient with the dynamic reporting platform. Now that all Cantilan Bank’s processes and data are consolidated, they can focus more resources on their clients and serving their needs. One of the most important aspects of Cantilan Bank using Instafin is the improved strategic decision-making capability enabled by the data that is readily available in real time.” stated Julian Oehrlein, Head of Product and Co-Founder of Oradian.#CANBNKinthecloud #financialinclusion
Supported by the Asian Development Bank – ADB’s strategy to boost financial inclusion in the Philippines, Oradian, explained in a statement that Cantilan Bank (CANBNK) is the first financial institution regulated by the Central Bank of the Philippines (BSP) to pioneer cloud-based technology.This milestone, according to the statement, aligns with the BSP’s digital transformation journey and enables delivery of digital financial services to unbanked individuals in remote, rural communities.
Cantilan Bank continues to show love for the environment thru its personnel who regularly volunteer themselves for community-based programs such as the shoreline cleanup conducted on February 23, 2019 at Inijakan island in Cantilan, Surigao del Sur.Volunteers were able to collect ten (10) sacks of solid wastes, mostly plastics that harm the lives of the aquatic creatures. Most of these wastes are being eaten by fishes that end up in our plates for consumption.
With this environmental commitment, CANBNK aims to help the communities attain a healthy food and a sustainable environment.
Financial Inclusion thru Blockchain technology (March 7, 2019)
Cantilan Bank is set to roll out soon another innovative financial technology through UnionBank of the Philippines’ blockchain-based inter-rural bank payments platform powered by ConsenSys.
“Hosted by Cantilan Bank, the first rural bank that showed an interest in the project and one of five initially engaged in the pilot, ConsenSys and UnionBank spent a week deep-diving in the local culture and economy, conducting user research with staff members and customers, mapping their current services and operations to identify pain-points and improvement opportunities and ultimately, start designing our solution,” says Claudio Lisco, solutions venture architect for Project i2i.
Project i2i is a payment network that runs on Enterprise Ethereum. It’s been designed to enable and facilitate transaction through tokenised cash supported by flat currency. The technology allows participating banks to instruct and settle remittances, consolidating the messaging, execution and accounting of transactions.
#CantilanBankontheBlockchain #financialinclusion #digitalfinance #blockchain