In accordance with RA No. 10173 (Data Privacy Act), I hereby consent to the collection, retention, processing, disclosure (as provided under applicable confidentiality and data privacy laws of the Philippines including all subsequent amendments or supplements there(to) of any personal, sensitive personal, and privileged information relating to me, whether provided by me or coming to the China Banking Corporation’s (hereafter referred to as “Company”) possession, and sharing of the said personal, sensitive personal and privileged information to the Company, its offices, branches, subsidiaries and affiliates, accredited third parties/vendors, credit reporting or credit reference agencies, credit protection provider, guarantee institutions, debt collection agencies, private regulatory organizations and other financial institutions, and other outsourced service providers engaged by the Company for the purposes reasonably required by the Company, for the Company’s conduct of everyday business, and/or only if required to do so by law or in good faith belief that such action is necessary to: (a) assess my suitability for employment with the Company or any of its subsidiaries; (b) submit reports to Senior Management on recruitment strategies and demographics; (c) submit reports to government agencies; (d) use as reference when conducting reference checks; (e) conduct background/credit investigation; (f) conform to the edicts of the law or comply with legal process served on the Company and its subsidiaries; (g) protect and defend the rights or property of the Company and its subsidiaries and (h) act under exigent circumstances to protect the personal safety of users of the Company and its subsidiaries or the public.
I shall notify the Company in writing, which must be acknowledged by the Company, if I do not consent to the aforementioned processing. I further acknowledge my right to information, access, correction, rectification, erasure of my personal, sensitive personal and privileged information, data portability, objection to processing and to file complaint under the Data Privacy Act. I agree that the Company may retain my personal information for as long as necessary for the fulfilment of the purpose for which it was collected and such other purposes that I may have consented from time to time, as required by pertinent laws and regulations, and provide information when required to do so in accordance with applicable laws, by court order, and jurisprudence.
If I provide the Company with any personal information relating to a third party (e.g. reference information, et.al.), I warrant to the Company that I have obtained the recorded consent of such third party to provide the Company with the third party’s personal information for the relevant purposes and can upon the Company’s consent request, submit the same for inspection.
I agree that the Company shall not be liable for any loss or damage arising from the Company’s disclosure of personal information for the above purposes.
China Banking Corporation (China Bank) was recognized at the recently concluded Asian Banking & Finance (ABF) Retail Banking Awards 2022. The Bank’s automated facilities, Easy Tax Filing & payment Solution (Easy Tax) and Direct Debit Arrangement (DDA), were named Best Digital Business Banking Initiative for Business Customers.
“It’s an honor to be recognized by ABF. China Bank is committed to providing our customers with greater value and convenience through innovative solutions,” China Bank Cash Management Services Division Head Domingo Dayro Jr. said.
Easy Tax, specifically designed for the real estate industry, is the first and only automated tax filing and payment facility of its kind in the Philippines. It was launched in 2018 to address the increasing volume of tax transactions of real estate companies and the tedious and time-consuming process of manual tax compliance.
Easy Tax made it fast and convenient for real estate developers to file and pay taxes related to the sale of real estate properties. And because of the expedited processing, it also helped them avoid penalties for late filing and payment.
For China Bank, this innovative solution improved efficiency—cutting processing time by 55%, lowered transaction cost by 44%, and enhanced customer experience. The number of real estate clients has significantly grown since its launch. Almost all of the major real estate firms in the country have availed of or are actively using Easy Tax.
Meanwhile, DDA is China Bank’s total outsourcing solution for the payment collection of biller companies. Payments are collected via automatic debit from customers’ account on a pre-defined period, and credited to the biller company’s account. This arrangement saves time, reduces the cost of collections, and puts cleared funds into the biller company’s bank account.
China Bank, also named the Best Bank in the Philippines 2021 by The Asset, continuously leverages technology to enhance customer experience. With its ongoing digital transformation, the Bank is able to achieve greater efficiency and flexibility to adapt products and services to changing customers' needs.
ABF is the industry magazine serving Asia’s dynamic financial services industry. The ABF Retail Banking Awards honors outstanding banks and finance companies with innovative retail products, services and strategies that made a positive impact to its clients and the industry.