BPI enhances online services

The Bank of Philippines Islands (BPI) has intensified its campaign to promote its online banking facilities taking advantage of the growing number of corporate clients resorting to online banking transactions.

BPI vice president and head for corporate sales segment Gregorio I. Veran said that of the bank’s total corporate clients about 80 percent are now utilizing the online banking products, and it is expected to grow in number as BPI is boosting its online banking facilities.

Recently, BPI re-introduced its cash management solution products in Cebu, showcasing the different benefits that corporate clients can get in maximizing the use of online banking.

BPI’s cash management solutions through BPI ExpressLink, is a state-of-the-art tool that allows clients to electronically submit or monitor transactions, while providing an electronic “window” to manage other transactions with BPI.

It is also a set of application software, developed by BPI to serve as the basic infrastructure for electronic banking needs. Aside from comprehensive business functionality, BPI ExpressLink is designed with sophisticated security features including the use of digital signatures and two-factor authentication.

“More and more companies in the Philippines now learn and discovered the comfort and effective use of using the internet in managing their cash in the bank,” he said in an interview.

Part of the facilities offered in the internet banking or the BPI ExpressLink include; collection process, pay bills online, remit payments to government agencies online, view balances and transaction history, managing funds online, monitor collection, pay suppliers via checks or account credit, employees salary, monitor investments, loans and trade accounts, among others.

Powered by the latest in electronic technology, BPI’s cash management solutions allow companies to improve collection efficiency and automate repetitive backroom processes, without sacrificing management controls or hampering operational flexibility.

The Ayala-controlled BPI is one of the top three largest banks in the Philippines, Veran said the bank is always on the lookout of acquiring more banking institutions that can provide value added services to BPI.

“It is always an option to look at interesting banks for acquisition,” Veran said.

BPI has been receiving awards for its good cash management solutions, such as recent awards given by Asset Asian Awards, Asia Money for its Global Finance and Best Corporate Internet Banking.