North Luzon-based Rang-Ay Bank has tapped ePLDT, a unit of PLDT Enterprise, to ensure the security of its online and mobile banking business.
The relationship is in the form of a vulnerability management as-a-service (VMaaS) contract through ePLDT, an arm of the telecommunications giant PLDT Inc.
Rang-Ay Bank is the oldest bank in Ilocandia and one of the well-established banks in the country.
A PLDT Enterprise partner since 2009, Rang-Ay Bank initially acquired its connectivity services with enterprise broadband to address challenges on slow internet connection in the region and slow response on the restoration of lines.
Since the partnership, the bank has seen significant improvement and more stable connectivity services.
With the implementation of VMaaS in their operations, Rang-Ay Bank became the first PLDT Enterprise partner to enroll the new service to their mobile applications, database server, core banking system, mobile banking server, and their payment hub server.
The ePLDT VMaaS allows the lender to identify and fix online vulnerabilities within the banking environment.
“As technologies continue to evolve and industries continue to transform, this service allows us to empower our partners with secure and reliable solutions to help them propel their business visions. With services like VMaaS, we fully support Rang-Ay’s vision for a secure financial sector,” said Mitch Locsin, first vice president and head of enterprise and international business groups of PLDT and Smart.
As businesses nationwide and organizations in the region have been exploring digital solutions to support their operations, PLDT Enterprise has committed to support SMEs in the country.
“Now, more than ever, we need to have a more holistic cybersecurity because the world is growing more and more digitally interconnected, and the advancement of technology means equally advanced threats. This partnership is a testament to our commitment against the rising tide of cyber risks,” Ives Nisce, Rang-Ay Bank chairman, said.
“This collaboration provides us with the tools and intelligence required to detect vulnerabilities in real-time, analyze them comprehensively, and mitigate them swiftly,” Nisce said.
