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GoodTech leads rural bank digital transformation

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Goodtech News

Leads,Rural,Bank

GOODTECH Information Systems Inc., a homegrown, sustainable financial technology company, vowed to help rural banks address the challenges of undergoing a digital transformation so they could harness the collective power of the industry to boost financial inclusion.

Rural bank executives pointed out that most of the available products in the market were from foreign service providers that did not cater to the distinct requirements of small rural financial institutions in the Philippines.At the same time, participants stressed the need for collaboration and having a shared and standardized service to achieve improved cost efficiencies.

The company has two flagship products: GoodLoan, an application designed to enhance the lending business of rural banks through built-in identity verification and compliance checks, and GoodBank, a mobile banking platform that simplifies the deposit account opening process, provides hassle-free and secure transactions for customers, and had built-in electronic checks compliant with electronic banking regulations.

Source: News Formal (newsformal.com)

Leads Rural Bank Digital Transformation

 

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