Yuchengco-led Rizal Commercial Banking Corp. (RCBC) headed by bankero Eugene Acevedo is offering more rewards and perks for users of its DiskarTech financial inclusion super app.
Lito Villanueva, chief innovation and inclusion officer of RCBC, said clients are rewarded with corresponding points through the recently launched DiskarTech Score (DT Score) program.
DT Score is a user rating system. As the users increase their score, more rewards and privileges will be available exclusively for them.
Offers available include pre-qualified loans, waived fees for loan transactions, rewards, and many more.
“Creating the DT Score program is one of the ways we democratize financial services through the use of alternative data, making access to loan services available to everyone,” Villanueva said.
Users can increase their DT Scores with the following transactions: deposit to any partner merchants, fund transfer to DiskarTech from any bank or e-wallet, bills payment, and by saving using your DiskarTech account.
DiskarTech offers one of the highest savings interest rates at 3.25 percent per annum with no minimum deposit required, while its fund transfer fee to other banks and e-wallets remains the cheapest at P8.
Incidentally, DT Score pioneers a point-based system that may be used to assess a customer’s credit standing.
This was made possible through DiskarTech’s use of alternative data that allows new-to-credit customers to gain greater access to loan services. As app users build up on points, they also grow their credit standing making them eligible for more loan applications.
DT Score is RCBC’s response to the BSP’s recent push for greater digitalization of financial services by the Bangko Sentral ng Pilipinas (BSP) to promote financial inclusion especially among credit- invisible individuals.
“Financial inclusion remains at the heart of DiskarTech, this is why our goal doesn’t stop with onboarding people into digital banking, and we want them to be able to maximize the tools available to them,” Villanueva added.