GoTyme Bank was awarded its certificate of authority to operate as a digital bank by the Bangko Sentral ng Pilipinas (BSP) last July 29, 2022.
The issuance of a COA is the third and final stage involved in establishing a digital bank in the country.
The issuance of a COA also signifies the BSP has reviewed GoTyme Bank’s processes and infrastructure and deemed them compliant with all of BSP’s regulations including the Bank Secrecy Act, Anti-Money Laundering Act, Customers Protection Act, Data Protection Act and a robust IT Risk Management Framework.
Set to revolutionize digital banking services in the Philippines using a high-tech-high touch approach, GoTyme Bank clients can open an account in under five minutes through digital kiosks and avail of banking products and services such as better bank transfers, shopping rewards, interest savings, trading, investing and customer service.
GoTyme Bank is a joint venture of Tyme, a multi-country digital banking group, with members of the Gokongwei Group of companies, namely Robinsons Bank, Robinsons Land Corp. and Robinsons Retail Holdings Inc.
