April 2, 2013, we had our last company tour for the term, which is with the company BancNet. At first, it was really hard to find where their office is since it is inside Equitable Towers, but as we found our paths and ways to their office, we are in awe at how clean and cool their office is. As what I've known about BancNet, they operate on ATM machines and communicate with banks for the connections made per bank in terms of the amounts withdrawn from their ATM machines. But, it was more than that. Through this company visit, I came to know more that they have broad products and offer other services which I didn't know they have.
First and foremost, BancNet prepared 2 speakers for us. The first speaker, Mr. Rene Natividad, briefly gave us a background check on BancNet.
Mr. Rene Natividad |
Whole connections of BancNet |
BancNet's core values (EXCITE):
- Excellence
- Concern for the Individual
- Integrity
- Innovation
- Teamwork
They offer products/services such as: Cash Withdrawal, Cash Advance, GCash Reload, Checkbook Recorder, Intrabank Fund Transfer, Checkbook Recorder, and other services that banks offer. They also have their own backup and disaster recovery which gives member banks the benefit of being assured of uninterrupted connection/operation. Systemic Risk Management is also being implemented in BancNet. They establish their own net settlement limit for each member, and their system can put a limit on overdraft of each member. It gives the benefit of leverage on the sound settlement risk policy of BancNet thus, eliminates settlement risk for member institutions. They also have back office support which has automatic reconciliation of issuer and acquirer transactions across BancNet channels. Training and Marketing Support can also be seen as it provides continued education of the members, and income opportunities on the usage of BancNet products. Lastly, they have an assigned account manager per bank. The manager does the planning collaboration with the bank, actively participates in execution of the plan, monitors the bank progress, handles feedback mechanism, and conducts in-bank training.
They now have ongoing projects such as business support system, which includes reconciliation, billing and settlement, partner management), PCI-DSS Certification, Intranet, e-Learning and Document Management System, and ITIL-Based Service Desk.
The second speaker, Mr. Aidelbert, mainly talked about the IT Infrastructure of BancNet and provided us an image for this:
Mr. Aidelbert |
After the talk, we now proceed to the company tour. Here are some pictures I have taken:
This company tour provided us students, a better understanding about what BancNet provides/gives service to their customers. We, the citizens, have a great benefit from all of their products as we use banks to care for our money, and BancNet is a part of the whole process. This gave me an opportunity to get to know more about BancNet, what are the things they do, and how they maintain the company's stable state. Since this is the last company visit for the course IT-EXPO, we really made the most out of this trip as we will miss this awesome visits in free. I am thankful for all the companies who accommodated and gave their time for us.