IN A strategic move to enhance financial services and support for overseas Filipinos, the Overseas Filipino Bank (OFBank) met with the Commission on Filipinos Overseas (CFO) on May 2 to deepen collaboration in delivering accessible and technology-driven financial services to the global Filipino community.
The meeting was led by CFO Chairperson and Secretary Dante Francis Ang II and OFBank Officer-in-Charge/President and CEO Elcid C. Pangilinan and centered on aligning efforts to empower Filipinos abroad through financial education, digital banking access, and livelihood opportunities.
Ang highlighted the CFO's ongoing efforts to provide comprehensive assistance to Filipinos abroad, emphasizing the importance of financial education and access as cornerstones of reintegration and long-term resilience. He likewise emphasized the need for robust partnerships to ensure that overseas Filipinos can effectively manage their finances and contribute to the Philippine economy.
For his part, Pangilinan outlined the Bank’s innovative solutions as the country's first digital-only, branchless bank. He detailed the Bank's initiatives to provide seamless banking services to Filipinos worldwide, including digital account opening, remittance services, and investment opportunities—all accessible via the OFBank Mobile Banking App (MBA).
“By embracing and leveraging technology, OFBank is bridging the gap between overseas Filipinos and their financial needs. We are making it easier for them to secure their future, support their families, and build lasting financial stability—no matter where they are in the world,” said Pangilinan.
The dialogue also covered joint initiatives aimed at improving the financial well-being of overseas Filipinos, such as financial education campaigns and support for entrepreneurial ventures. Both parties committed to continuous dialogue and collaboration to respond to the evolving financial needs of Filipinos worldwide.
This meeting marks a significant step toward strengthening OFBank-CFO partnership— anchored on their shared mission to support overseas Filipinos with the tools, knowledge, and resources they need to thrive financially and contribute to national development. PR