RCBC exec feted as Innovator of the Year for Banking
RIZAL Commercial Banking Corp. (RCBC) Executive Vice President and Chief Innovation and Inclusion Officer Lito Villanueva was honored at the inaugural Asian Management Excellence Awards of the Asian Business Review as the recipient of the Philippines Innovator of the Year-Banking category for his success in accelerating digital banking and financial inclusion in the country.
He has pivoted RCBC toward a sustainable and empathy-centric digital transformation.
Since joining the bank in 2019, RCBC has garnered close to 200 awards including being named as the Philippines’ Best Bank for Digital by Asiamoney for four straight years, from 2020 to 2023, even at the height of the pandemic.
Under Villanueva’s leadership, RCBC’s Digital Enterprise and Innovations Group introduced pioneering digital solutions at scale that target key segments of Philippine society. He employed strategic and tactical approaches to increase the adoption of digital banking services and improve financial inclusion.
Among these solutions is RCBC Pulz, a one-stop-shop digital banking app that offers the widest range of pioneering digital services, including inapp investment management account opening, mobile check deposits, foreign exchange in six major currencies, digital concierge services, financial and digital literacy modules, and convenient bank onboarding process.
RCBC is also among the first to allow over 14 million overseas Filipinos to open bank accounts using any international mobile number through RCBC Pulz.
On the other hand, RCBC DiskarTech is the world’s first multilingual financial inclusion application to address the low bank onboarding rates among rural Filipinos.