The Land Bank of the Philippines and the Government Service Insurance System (GSIS) have signed a data-sharing agreement, aligning with the national government’s digitalization efforts to offer a more efficient and seamless banking experience for GSIS members.
As per the agreement, GSIS will share the data of over 1.5 million GSIS members with Land Bank, aiming to improve the delivery of banking services. This includes enabling real-time crediting of benefit claims and loans to existing LANDBANK account holders.
Previously, GSIS had replaced Land Bank with the Union Bank of the Philippines during the term of the late Winston Garcia. However, many GSIS members are government employees who receive their salaries through Land Bank due to their departments and bureaus holding their funds in the bank.
With this new agreement, GSIS members can now receive and withdraw their claims and proceeds through LandBank. Additionally, they can obtain their LandBank Visa Debit Cards on the same day they enroll their cards.
LANDBANK president and CEO, Lynette V. Ortiz, expressed full support for the digitalization journey of GSIS, pledging to attend to their banking needs with innovative solutions.
GSIS president, Wick Veloso assured stakeholders that their private and confidential information is safe and secure, emphasizing the protection of sensitive data, including financial information.