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    (July 9, 2021) — Philippine National Bank (PSE: PNB) has launched its online account opening service, making it safer for customers to open accounts amid the COVID-19 pandemic, PNB President and CEO Wick Veloso said.

    “We are investing in technology and changing a lot of our processes at PNB.

    More and more customers are now demanding non-stop banking services. They want it fast, safe, and easy. In the new normal, we need to rely on technology to interact with customers and our target market across all our channels,” Veloso said.

    For over a century, accounts opened at PNB included a visit to one of its branches where the know-your-customer (KYC) process is conducted.

    With the launch of this online account opening service, customers can go to the PNB website, submit the necessary identification and information required, and allow the PNB Branch of Account to facilitate KYC via video conferencing.

    To be able to support these capabilities, PNB has been investing in technology.

    The bank allotted around Php2.5 billion of capital expenditures for IT initiatives in 2020, which is 15

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