CIMB Bank Philippines further strengthens its foothold in the realm of digital banking leadership in the country as it adds two new wins to its long list of awards, maintaining its position as the most awarded digital-only commercial bank in the Philippines with 96 accolades and counting in a span of 5 years.
CIMB was recently awarded as the Leading Innovative Digital Bank of the Year at the Global Business and Finance Awards by The European; and the Most Innovative Banking Brand Award at Global Brands Magazine’s Global Brand Awards.
The European is a business publication that caters to decision makers around the globe, providing them with a comprehensive and objective coverage of business, political, geopolitical, and cultural topics. Their annual Global Business and Finance Awards recognizes organizations that stand out from the crowd and are moving their industries forward. Good governance, innovation and know-how, and quality of service are major considerations for the winners.
On the other hand, Global Brands Magazine is a go-to source for up-to-date news, reviews, opinions, and polls on leading brands across the world. They have established the Global Brand Awards to honor the excellence of companies across different sectors and to create awareness on the winners’ exceptional service delivery.
“As the pioneer in digital-only embedded banking in the Philippines, our pursuit for innovation never ends. We have blazed our own trail in the industry as we continue to provide Filipinos with financially inclusive products, best value offers, and partnerships that are truly aligned with their needs to help them bank the way they want and deserve. With our stellar lineup of products, we enable deposits with higher than industry interest rates and provide accessible credit to first-time credit borrowers. Our trailblazing partnerships with GCash for GSave and GCredit, SeaMoney for SPayLater, and, most recently, Lazada for LazPayLater, set the standard for the embedded banking model in the country. CIMB Bank PH truly paved the way for others to follow suit,” said Vijay Manoharan, CEO of CIMB Bank Philippines.
In its five years in the Philippines, CIMB has stayed true to its mission of making every Filipino financially included by challenging the accepted norms of the banking industry that impede that mission. Before CIMB entered the local market, long waits in brick-and-mortar branches and filling out paper forms were the usual practice and opening an account through a mobile phone and getting an interest rate higher than 2% was an inconceivable thought.
Today, CIMB Bank PH continues to break ground by expanding its deposit and credit product offerings as well as partnering with leading financial service providers to offer the best digital experience via the bank’s unique embedded banking business model, wherein financial services are integrated seamlessly into existing platforms, such as e-commerce sites and apps, for a more convenient and inclusive banking experience. With embedded banking, instead of having customers go to the bank for their transactions, the bank is now the one that comes to them, conveniently tucked in their favorite apps. Among CIMB’s roster of embedded banking partners are finance super app GCash and e-commerce giants Shopee and Lazada.
Opening a CIMB account is easy and only takes less than 10 minutes via the CIMB mobile app. Filipino citizens who are at least 18 years of age only need to prepare one valid ID in order to apply for a CIMB savings account directly on the CIMB app. This also gives them access to CIMB’s special offers with record-breaking high interest rates.
CIMB Bank PH is a digital-only commercial bank and is part of the CIMB Group, the 5th largest bank in ASEAN. To know more about CIMB Bank PH’s innovative products and offers, visit cimbbank.com.ph