The Small Business Corp. (SBCorp) has launched its new mobile application, SBCorp Money, marking a major step forward in digitalizing access to financing for micro, small, and medium enterprises (MSMEs) nationwide.
SBCorp Money replaces the corporation’s previous web-based loan application and evaluation system with a more secure and seamless platform. The app integrates a PhilSys-enabled electronic Know-Your-Customer (e-KYC) process, made possible through SBCorp’s partnership with the Philippine Statistics Authority (PSA) and in cooperation with the Department of Information and Communications Technology (DICT).
“This shift to PhilSys-enabled e-KYC simplifies the onboarding process for our clients and enhances security by verifying identities using national ID data,” Robert Bastillo, president and CEO of SBCorp, said. “It’s part of our commitment to make financing more accessible, efficient, and secure for MSMEs across the country.”
