MANILA, Philippines — In a recent feature with e27, Netbank’s leadership outlined a bold vision for the future of Banking-as-a-Service (BaaS) in the Philippines, positioning the bank as a comprehensive provider for the country’s growing fintech ecosystem.
The “Full Meal” Strategy
While many providers in the financial technology space offer fragmented services—providing only the “ingredients” for a financial product—Netbank is shifting the narrative. The bank aims to be the “full meal,” offering a complete, end-to-end infrastructure that allows partners to launch fully functional financial products without the need for multiple vendors or complex regulatory navigation.
“We want to be the full meal of fintech, not just the ingredients.”
This approach simplifies the path for fintechs, lenders, and e-commerce platforms, allowing them to focus on user experience while Netbank handles the technical and regulatory heavy lifting.
Building Beyond Infrastructure
The “full meal” philosophy is reflected in Netbank’s expanding product suite, which now includes:
Allowing partners like JIA Finance to integrate banking directly into their platforms for a seamless user experience.
Partnering with global leaders like Thredd to provide instant virtual and physical card issuance for fintechs and lenders.
Providing the “rails” for invoice financing and automated collections within partner ecosystems to enhance efficiency and transparency.
Driving Financial Inclusion at Scale
By providing a complete banking stack, Netbank is significantly lowering the barrier to entry for innovators in the Philippines. This model is essential for reaching the unbanked and underserved segments of the population, as it enables niche players to offer specialized financial services that traditional banks might overlook.
The bank’s strategy is not just about providing technology; it is about providing a regulated, secure, and scalable environment where fintechs can thrive. By acting as the “full meal,” Netbank ensures that its partners have everything they need—from licenses to ledger systems—to deliver value to their customers immediately.
About Netbank
Netbank is the Philippines’ first BaaS platform, providing a full range of banking services via easy-to-integrate APIs. As a fully licensed bank, Netbank empowers tech companies to offer financial services such as accounts, loans, and payments to their users safely and efficiently.
