RCBC clinches triple wins at the Infosys Finacle Innovation Awards 2024

By BMPlus

TAGUIG CITY, PHILIPPINES—Rizal Commercial Banking Corporation (RCBC), the undisputed digital challenger bank, has expanded its roster of awards after clinching a triple win at the Infosys Finacle Solutions Awards 2024 and a top spot at the IBSi Digital Banking Awards 2024.

With over 250 regional and global awards, RCBC continues to elevate digital banking experiences for Filipinos worldwide.

RCBC bested 200 entries from all over the world across ten categories in the Infosys Finacle Innovation Awards and went home with a triple citation: Business Model Innovation—Platinum Award for RCBC Diskartech; ESG-led Innovation—Gold Award for RCBC ATM Go; and Maximizing Customer Engagement—Gold Award for RCBC Pulz. 

In addition to the three awards, RCBC Diskartech also emerged as the Innovation in Offering category winner at the IBSi Digital Banking Awards 2024. The awards institution recognizes banks for launching and scaling solutions that significantly impact the finance industry and people’s financial habits and lifestyles. RCBC stood out among the 60 submissions that the award-giving body received from digital banks, neobanks, and challenger banks. 

An international panel of judges intensely scrutinized nominations for the two global awards. The judges assessed the bank’s innovations regarding their social impacts on the communities where it is visible and operating.

Sajit Vijayakumar, Chief Executive Officer & Global Head, Infosys Finacle, remarked, “The banking landscape continues to undergo tremendous evolution, necessitating banks to elevate their innovation focus and investments in adapting to the market dynamics with agility. The Infosys Finacle Innovation Awards is an opportunity to celebrate the commitment and passion of banks towards the pursuit of innovation-centric transformation. The sheer volume and diversity of nominations received this year is a testament to how highly driven banks are toward creating better value for their customers and stakeholders. I am delighted to extend best wishes to all the banks nominated for their innovations and congratulate the award-winning finalists.”

RCBC Executive Vice President and Chief Innovations and Inclusion Officer Lito Villanueva thanked the two award-giving bodies for again putting Philippine financial solutions on the global stage. Villanueva expounded that the worldwide recognition heightens Filipinos’ awareness of the availability and quality of Philippine-made financial solutions for everyday life.

“We are beyond grateful to these award-giving bodies for putting us in the global spotlight and sharing our success story in advocating financial inclusion in rural and remote areas. In addition, these awards spotlight the speed and convenience of digital financial solutions for a better Filipino way of living and banking,” Villanueva said.

RCBC emerged as the fastest-growing bank in the country, leapfrogging from eighth position in 2018 to fifth in 2022 in the list of the Philippines’ largest privately owned banks in terms of assets. Among its global and local recognitions include a four-peat award as the Philippines’ Best Bank for Digital by Asiamoney, the Eye on Innovation Award by Gartner, the YouTube Challenger Award for its viral and out-of-the-box digital ad campaigns generating combined views of over 17 million, Grand Champion for Digital Payments and Financial Inclusion by the Bankers Institute of the Philippines, and Number 1 in the Philippine Best Customer Service 2023 survey by the Philippine Daily Inquirer and global research firm Statista. RCBC DiskarTech was hailed the Best Brand Program in the Bank Marketing Association of the Philippines (BMAP) Awards 2023 and the 2023 Balikat ng Bayan Awards Best Social Security Services (SSS) Disbursement Partner.

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