Deposits, QR payments and branch lending for BPI BanKo, developed in Seoul and served from Alibaba Cloud in Singapore.
BPI BanKo, the microfinance savings bank of the Bank of the Philippine Islands, launched its deposit and QR-payment system on Bankware's BX MFS microfinance product in 2018 and added a loan origination and servicing system in 2019. Bankware built the first system in six months.
Microfinance banking on a Bankware cloud core.
BPI BanKo the microfinance savings bank of BPI.
BPI BanKo is the microfinance-focused savings bank of the Bank of the Philippine Islands (BPI). In 2019 it served about 400,000 customers through some 300 branches.
Deposits, payments and lending for microfinance customers across the Philippines.
BanKo needed deposit, QR-payment and lending services for microfinance customers across the Philippines, including agent banking that lets local shops act as service points.
BX MFS with BX-PF, in two phases.
Phase 1 (2018): an Alternative Deposit and Payment System (ADPS) for deposits and QR-code payments. Phase 2 (2019): a loan system covering origination, disbursement and monitoring, plus agent banking that lets local shops act as service points. Customer, agent and collector mobile apps run on the same platform. BX-PF is used to configure and launch products for target segments.
Deposit, QR payment, loan origination and servicing, agent banking.
Read moreCommon financial components and the application framework under BX MFS.
Read moreProduct configuration and launch.
Read more80 new loan products in six months, on the Bankware platform since 2018.
On the Bankware platform, BanKo launched 80 new loan products within six months. BanKo reports that its customer base grew 40% in the first year, 77% by the second year, and an average of 33% a year after that. In 2020 the loan system was processing about 600 new loans a day, roughly 10,000 a month, across some 300 branches.
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