Landbank, GSIS sign data-sharing deal

State-owned Land Bank of the Philippines and the Government Service Insurance System (GSIS) have signed a data-sharing agreement.

In a statement, Landbank said its accord with the GSIS would provide a “more efficient and seamless banking experience to GSIS members” in line with the government’s digitalization drive.

Under the agreement, GSIS will share its members’ data with Landbank to enhance the delivery of banking services, which include real-time crediting of benefit claims, loans, and other proceeds for over 1.5 million members of the pension who maintain accounts with the state-run bank.

The partnership will also allow GSIS members to receive their Landbank Visa Debit Cards on the same day of card enrollment at the GSIS Main Office in Pasay City.

“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 Ortiz.

The agreement was signed by Ortiz and GSIS president and general manager Jose Arnulfo “Wick” Veloso on July 17.

“With this Agreement, our stakeholders are assured that their private, confidential information is safe and secure with us,” said Veloso.

Also covered under the data-sharing agreement are other pipeline projects utilizing Landbank’s digital banking products for GSIS-related transactions, including the integration of Landbank with GSIS Touch, which is the official mobile app of GSIS.

Landbank said it is also working with the GSIS to accommodate online payments for rent and other fees under the pension fund’s Ginhawa For All Lease with Option to Buy Program through the bank’s web-based payment facility, Landbank Link.BizPortal. —VAL, GMA Integrated News