Security Bank, ANZ Bank form network partnership

MANILA, Philippines -  Security Bank has entered into a network extension partnership (NEP) agreement with ANZ Bank, one of the five largest listed companies in Australia and among the largest banks in New Zealand. 

In a statement, Security Bank said ANZ recognizes the capabilities of the local bank to give customized innovative solutions for its institutional customers and to provide better efficiencies for their banking transactions.

Through the NEP agreement, ANZ can capitalize on Security Bank’s suite of cash management products and services like bills payment, check-cutting, government statutory payments and payroll processing for their local and multinational corporate clients.

With this partnership agreement, ANZ’s customers would be able to enjoy the commitment of Security Bank to deliver its promise of BetterBanking. In turn, Security Bank will be able to leverage on ANZ’s global presence and well founded relationships with multinational corporations.

“Through our multi-awarded cash management products and services, we make banking as simple and convenient as possible without sacrificing security”, said Security Bank executive vice Daniel Yu. “We are excited to be able to offer those products and services to ANZ”.

Security Bank was recently hailed as “Best e-Bank, Philippines” for 2016 by The Asset Awards, Asia’s preeminent recognition for those that have excelled in their respective industries. The bank was also named “Bank of the Year-Philippines” for 2016 by The Banker, the renowned international banking and finance publication of the Financial Times Ltd.