In line with the National Government’s digitalization drive, the Land Bank of the Philippines (LANDBANK) and the Government Service Insurance System (GSIS) signed a Data Sharing Agreement to provide a more efficient and seamless banking experience to GSIS members.
Under the Agreement, GSIS will share its members’ data to LANDBANK to enhance the delivery of banking services, which includes real-time crediting of benefit claims, loans, and other proceeds for over 1.5 million GSIS members who maintain accounts with the Bank.
The collaboration will likewise allow members of the state pension fund to receive their LANDBANK Visa Debit Cards within the same day of card enrolment at the GSIS Main Office in Pasay City.
Through the LANDBANK Cards, members will be able to conveniently receive and withdraw their claims and proceeds from GSIS.
“This Agreement further builds upon the partnership of LANDBANK and GSIS to streamline processes and enhance operational efficiency for the benefit of GSIS members. We fully support the digitalization journey of GSIS by attending to their banking requirements with innovative solutions,” said LANDBANK President and CEO Lynette V. Ortiz.
The signing of the Agreement on 17 July 2023 was led by LANDBANK President Ortiz and GSIS President and General Manager Jose Arnulfo “Wick” A. Veloso. They were joined by GSIS Vice President and Data Protection Officer Jonathan Pineda and LANDBANK senior officers, including Executive Vice President Liduvino S. Geron, Senior Vice President Ramon R. Monteloyola, GSIS Branch Head Manuel A. Dimalaluan, and Data Protection Officer Atty. Rhys S. Abundabar.
“With this Agreement, our stakeholders are assured that their private, confidential information are safe and secure with us. Makatitiyak sila na pangangalagaan natin ang kanilang data privacy at protektado ang kanilang sensitive information kasama na ang kanilang financial data,” said GSIS President Wick Veloso.
Also covered by the Data Sharing Agreement are other pipeline projects utilizing LANDBANK’s digital banking products for GSIS-related transactions, including the integration of LANDBANK to GSIS Touch – the official mobile application of GSIS.
LANDBANK and GSIS are also working together to accommodate online payments for rent and other fees under the GSIS Ginhawa For All Lease with Option to Buy (GFAL LWOB) Program through the LANDBANK Link.BizPortal, the Bank’s web-based payment facility.
