Overseas Filipino Bank (OFBank), formerly Philippine Postal Savings Bank Inc. (PPSB), was transformed into the first government digital-only and branchless bank that is mandated to provide financial products and services tailored to the requirements of Overseas Filipinos.
OFBank is also a wholly-owned subsidiary of Land Bank of the Philipines (LANDBANK) created in pursuant to Executive Order No. 44 signed by President Rodrigo R. Duterte in September 2017.
Some of the services that OFBank is mandated to deliver:
OFBank is also a trailblazer in utilizing artificial intelligence to facilitate an electronic know-your-customer (e-KYC) process for its online account opening through its Digital Onboarding System with Artificial Intelligence (DOBS AI).
DOBS AI can be accessed by clients on OFBank’s mobile app, available in Google Play Store and Apple App store.
OFbank's transformation throughout the years before becoming the first government digital-only and branchless bank in the country:LEARN MORE