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March 01, 2024

GCash chief says customer is always my North Star

GCash CEO Martha Sazon was recognized as one of the innovators of digital technology.

The bankero was awarded at the 2nd Mansmith Innovation Awards as one of the 2021-2022 Master Innovators under the Digital Transformation Innovation Category.

This award recognizes pioneering Filipino innovators who have made significant impact and demonstrated excellence locally and globally in their respective fields and industries.

“Innovation is creating something new that has a meaningful impact on people and adds value to their lives. It is all about solving a problem to make lives better. For me, this process always begins with the customer. The customer is always my North Star,” Sazon said.


Security Bank posts net income of PHP9.1 billion in 2023

Security Bank Corporation (PSE: SECB) posted net income of PHP9.1 billion in 2023. Total revenues grew 8% year-on-year to PHP43.0 billion. Net interest income increased 19% to PHP34.7 billion. Net interest margin for the full year was 4.49%, higher compared to 4.23% in 2022. Total non-interest income was at PHP8.2 billion. Service charges, fees and commissions grew 15% to PHP6.1 billion, led by increase in fees from credit cards, remittances (which include Instapay fees) and bancassurance.

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