SeaBank Philippines Inc. (A Rural Bank) won the top award in the Best Security Application in Payments Initiative category and
the highly-acclaimed recognition in the Best Data and Analytics Application in Payments Initiative at the Global Payments Innovation Awards 2023.
SeaBank’s implementation of world-class security standards has been a key priority of the bank, leading it to a win in the Best Security Application in the Payments Initiative category. SeaBank also takes an unconventional approach by warning its customers of potential system issues at other banks before the affected banks formally announce it. “We proactively monitor and identify patterns consistent with system downtime, at both our internal and partner bank systems, to ensure that users enjoy seamless transactions and are well-informed on unforeseen issues arising from payment platforms. This enables them to transact with ease and confidence,” Ng said.
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