Over the past years, the Philippine banking industry has witnessed rapid technological advancements. Research highlights that adopting technologies such as Mobile Internet Banking has significantly reduced operational costs for both banks and their customers (Baabdullah et al., 2019).
The push towards digital transformation has been particularly emphasized for rural banks, which play a vital role in delivering financial products and services to rural and agricultural communities.
During the Rural Bank Strengthening Program (RBSP) Technology and Innovation Forum held on May 31, 2024, at the Bangko Sentral ng Pilipinas (BSP) Head Office in Manila, BSP underscored the necessity of digital transformation for rural banks. This initiative aims to enhance rural banks’ operations, capabilities, and competitiveness, recognizing their crucial role in the financial ecosystem.
At Exist Software Labs Inc., we are committed to empowering rural banks to Go Digital, Go Inclusive, ensuring that every individual, or “EveryJUAN,” is included in the digital financial revolution. Our mission aligns with creating a more inclusive financial landscape where Mobile Internet Banking is accessible to all.
Our Mobile Internet Banking solutions provide the flexibility to customize mobile banking platforms to meet client needs without compromising security, scalability, or cloud-readiness. Using a universal set of integration connectors, MIB can seamlessly integrate with existing cornerstone banking systems, enabling rural banks to transition smoothly into digital finance and compete effectively in the modern banking landscape.
Mobile Banking, Made Easy!
Exist Software Labs Inc. offers comprehensive Mobile Internet Banking for Rural Banks Solutions with three distinct suites designed to cater to various banking needs:
Mobile Internet Banking – Lite
Our cost-effective solution offers essential Mobile Internet Banking features at a budget-friendly price point. It’s ideal for rural banks looking to introduce digital services without significant upfront investment.
Mobile Internet Banking – Standard
This baseline solution provides all the necessary features for large-scale establishments, tailored to meet the standard demands of Mobile Internet Banking. MIB Standard is perfect for banks that require a robust, scalable platform.
Mobile Internet Banking – Enterprise
Our most advanced solution, MIB Enterprise, comes equipped with features that go beyond the standard requirements. It is perfectly matched for financial institutions with innovative and ambitious capabilities.
What’s In It for You?
Adopting Mobile Internet Banking offers several benefits:
- Gain New Customers: Attract a broader customer base by offering convenient, accessible digital banking services.
- Competitive Edge: Stay ahead in the competitive landscape with advanced digital solutions that meet evolving customer expectations.
- Omnichannel Platform: Provide a seamless banking experience across various channels, ensuring customer satisfaction and retention.
- Sizeable Platform: Scale digital banking operations efficiently with a platform designed for growth.
- Banking Convenience: Enhance customer experience with easy-to-use mobile banking features.
- Online Onboarding: Simplify customer acquisition with a streamlined online onboarding process, reducing the need for physical branch visits.
The future of rural banking lies in embracing digital transformation. With Exist Software Labs Inc.’s Mobile Internet Banking solutions, rural banks can revolutionize their operations, enhance service offerings, and ensure “EveryJUAN” is included in the digital financial ecosystem.
Together, let’s build a more inclusive, digital future for rural banking in the Philippines.
#ExistInDigitalBanking #ExistInInclusiveBanking
