Filinvest goes digital

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Filinvest Development Corp. will leverage on digital technology to grow its business, company president Josephine Gotianun-Yap said. In particular, the group through its unit EastWest Banking Corp., is keen on expanding its presence in digital banking, Yap said.

EastWest Bank recently announced its entry in the digital race with Komo, the first exclusively digital banking service to be offered by a local universal bank.

“Planned for launch in the third quarter, Komo will be offered through EastWest Bank’s fully owned subsidiary, EastWest Rural Bank, under the EPFS license. With Komo, customers can only perform transactions through a secured mobile app. Since everything is done digitally with no need for branches, Komo returns the savings from lower overhead cost to customers with ‘time deposit-like’ interest rates on their savings account,” Yap said.

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Filinvest City, the group’s premier satellite city in Alabang Muntinlupa, meanwhile is currently rolling out its digital infrastructure to deploy an “intelligent network of connected devices to receive, analyze and manage data to improve the quality of life for its locators and visitors.”

This includes deployment of alternative and sustainable mobility solutions within the city, according to Yap.

The Filinvest Group formalized its intent to invest in technology- driven business opportunities by founding its very own digital foundry, f(dev), according to Yap.

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