Nextbank, Mount Carmel partner for mobile banking services

Nextbank, a Philippine banking technology firm, has strengthened its collaboration with Mount Carmel Rural Bank Inc. (MCRBi) by integrating its Mobile Banking Solution. This move aims to enhance MCRBi's digital banking services for its customers while the bank continues its modernization efforts. MCRBi's digital transformation journey commenced with its adoption of Nextbank's Core Banking System. Now, the bank is introducing mobile banking services to offer customers more convenient access to financial transactions.

James To, president and chief commercial officer of Nextbank, emphasized the bank's commitment to equipping rural banks with modern, secure, and user-friendly digital tools. The Mobile Banking Solution seamlessly integrates with MCRBi's existing core banking system, facilitating real-time transactions and secure access for customers.

This partnership is set to expand digital banking accessibility for families, small businesses, and other customers in the Calabarzon region, where MCRBi operates. Established in 1966 through the merger of two Batangas-based rural banks, MCRBi has been serving the local community for nearly six decades. To reiterated the bank's mission to assist financial institutions in developing future-ready digital ecosystems that cater to their customers' evolving needs.

Nextbank offers a range of cloud-based banking technology solutions tailored to rural banks, thrift banks, commercial banks, cooperatives, and other financial institutions. Its offerings include core banking systems, mobile banking platforms, electronic know-your-customer services, digital payment solutions, and fraud management systems.