The Overseas Filipino Bank (OFBank) will be offering a new digital account opening platform supported by artificial intelligence when it is officially relaunched later this month as a fully digital, first branchless bank in the Philippines. Through the Digital Onboarding System with Artificial Intelligence (DOBS-AI), OFBank clients will be able to open a bank account in real-time at the convenience of using supported Android and iPhone devices. The platform utilizes artificial intelligence to facilitate an electronic know-your-customer (e-KYC) process to verify and validate uploaded application information and requirements. Clients can open OFBank Visa Debit Accounts designed for Overseas Filipinos and Overseas Filipino Workers, and an OFBank Debit Account for beneficiaries below 18 years old. By enrolling an OFBank Account in the OFBank Mobile Banking App, clients can transfer funds to OFBank and LANDBANK accounts free of charge, transfer funds to accounts in other banks via InstaPay or PesoNet, pay bills online to online merchants, pay cashless via Point-of-Sale (POS) terminals, and withdraw cash through local and international ATMs, among others. “OFBank’s transformation to a digital bank is geared towards servicing the evolving banking needs of migrant workers and Overseas Filipinos. By leveraging on technology, we have made it much easier to open an OFBank account and provide our clients convenient, secure, and responsive digital banking solutions,” OFBank President and CEO Leila C. Martin said. OFBank is a wholly-owned subsidiary of Land Bank of the Philipines (LANDBANK) mandated to provide financial products and services tailored to the requirements of Overseas Filipinos. LANDBANK President and CEO Cecilia C. Borromeo and OFBank President Leila Martin serve as the chairperson and vice chairperson of the OFBank Board of Directors, respectively. For more updates, please follow, like, and share the official LANDBANK social media accounts—for Facebook and Instagram: @landbankofficial, and for Twitter: @LBP_Official, and the LANDBANK website: www.landbank.com.
