Netbank, a Rural Bank Inc., has partnered with Discovery Credit Solutions Corp (DCSC) to introduce a cutting-edge financial service solution designed to streamline loan management and improve financial access for underserved communities.
Addressing Financial Challenges
Access to affordable and efficient financial services remains a challenge for many Filipinos, particularly in rural areas. Businesses and individuals often struggle with lengthy loan processing times, limited payment options, and high operational costs, which hinder their ability to achieve financial stability and growth.
Innovative Solutions Through Partnership
Netbank’s collaboration with DCSC has created a seamless and scalable platform that simplifies loan management. This innovative solution enables Discovery Credit Solutions to efficiently manage loan disbursements, collections, and account reconciliation. The partnership leverages Netbank’s expertise in embedded finance to reduce operational complexities and costs, empowering DCS to focus on delivering exceptional service to its clients.
"Our partnership with Discovery Credit Solutions Corp reflects our commitment to providing innovative financial solutions that support the growth of Filipino businesses and foster financial inclusion," said Sam Sunit, Solution Manager at Netbank. "By combining our embedded finance capabilities with DCSC’s expertise in credit solutions, we’re creating a platform that is not only efficient but also scalable for future growth."
Details of the Offering
The partnership offers a fully integrated system that automates key processes, including loan disbursements directly to clients' accounts, real-time transaction monitoring, and payment collections via QR Ph. These features allow DCSC to streamline operations, reduce processing times, and enhance customer satisfaction.
"This partnership with Netbank has significantly improved our ability to serve clients more effectively," said Discovery Credit Solutions Corp. "Our clients now enjoy faster loan approvals, secure transactions, and greater transparency in their financial dealings, enabling them to focus on growing their businesses and achieving their goals."
Next Steps for Netbank
Netbank aims to continue forging strategic partnerships with fintech and credit solutions providers to drive financial inclusion and innovation across the Philippines. By leveraging its embedded finance platform, Netbank plans to expand its services, enabling more businesses to access reliable and cost-effective banking solutions.
Netbank (a Rural Bank), Inc. is the first embedded finance platform in Southeast Asia operating under a full banking license. It provides banking services on a fully white-labelled basis so that Filipino Fintechs can grow fast and reduce their costs, thus accelerating financial inclusion and innovation. It also offers simple, creative, low-cost solutions so partners can open accounts, offer loans, and manage payments.