Cantilan Bank Joins the Country’s Largest Banking Network, Connecting More Filipinos in Mindanao than ever before
As the first bank in the Philippines to use cloud-based core banking technology, Cantilan Bank has positioned itself at the frontlinesof financial inclusion through digital transformation. Recently, the bank achieved another milestone by becoming the newest member of BancNet, the country’s single ATM switch operator, representing the largest inter-bank network in the Philippines.
BancNet CEO Mr. Aristeo Zafra, Jr. said, “Our Cantilan on-boarding project succeeded in spite of the challenges brought about by the COVID-19 pandemic.”
Meanwhile, Emmie Reyes, Vice President of BancNet, said, “We’re proud to welcome Cantilan Bank as our newest member and as the pioneer in establishing a cloud-based connection to Bancnet.”
Cantilan Bank now offers BancNet ATM and POS services (cash withdrawal, fund transfer, bills payment, and prepaid load top-ups) across its network of 46 branches and branch lites, serving over 100 communities across 12 provinces in Mindanao and the Visayas. It is also the first bank in the country to deploy Diebold Nixdorf’s latest DN series ATMs in the Philippines, expanding its digital self-service footprint.
“From four decades of community banking experience, we have come to understand the needs of our communities better which motivated us to innovate solutions so we can deliver on our mission to provide greater financial access to the unbanked and underserved in Mindanao,” said Cantilan Bank Executive Vice President and Chief Technology Officer, Tanya Hotchkiss. Forty-three percent (43%) of the country’s unbanked towns are located in Mindanao.
Innovation is the bank’s strategic imperative and it considers digital technology and partnerships as the key drivers for financial inclusion especially in the post-Covid-19 era. Cantilan Bank’s digital transformation is supported by the Asian Development Bank through a grant.
About Cantilan Bank
Established in 1980, Cantilan Bank (CANBNK) has helped improve the economy of many communities through its innovative products and services. With its network of 46 branches and branch lites, the Bank provides financial access to over 100 communities across 12 provinces in Mindanao and the Visayas. CANBNK is regarded as one of the leading rural banks in the country and was awarded the Digital Trailblazer award by the Bangko Sentral ng Pilipinas in 2019. For more details, visit www.cantilanbank.com.
For any concerns, please go to your branch of account or contact us at (086) 212-5056 or email email@example.com Cantilan Bank is regulated by the Bangko Sentral ng Pilipinas with contact number (632) 8708-7087. Cantilan Bank is a proud member of BancNet.