In accordance with RA No. 10173 (Data Privacy Act), I hereby consent to the collection, retention, processing, disclosure (as provided under applicable confidentiality and data privacy laws of the Philippines including all subsequent amendments or supplements there(to) of any personal, sensitive personal, and privileged information relating to me, whether provided by me or coming to the China Banking Corporation’s (hereafter referred to as “Company”) possession, and sharing of the said personal, sensitive personal and privileged information to the Company, its offices, branches, subsidiaries and affiliates, accredited third parties/vendors, credit reporting or credit reference agencies, credit protection provider, guarantee institutions, debt collection agencies, private regulatory organizations and other financial institutions, and other outsourced service providers engaged by the Company for the purposes reasonably required by the Company, for the Company’s conduct of everyday business, and/or only if required to do so by law or in good faith belief that such action is necessary to: (a) assess my suitability for employment with the Company or any of its subsidiaries; (b) submit reports to Senior Management on recruitment strategies and demographics; (c) submit reports to government agencies; (d) use as reference when conducting reference checks; (e) conduct background/credit investigation; (f) conform to the edicts of the law or comply with legal process served on the Company and its subsidiaries; (g) protect and defend the rights or property of the Company and its subsidiaries and (h) act under exigent circumstances to protect the personal safety of users of the Company and its subsidiaries or the public.
I shall notify the Company in writing, which must be acknowledged by the Company, if I do not consent to the aforementioned processing. I further acknowledge my right to information, access, correction, rectification, erasure of my personal, sensitive personal and privileged information, data portability, objection to processing and to file complaint under the Data Privacy Act. I agree that the Company may retain my personal information for as long as necessary for the fulfilment of the purpose for which it was collected and such other purposes that I may have consented from time to time, as required by pertinent laws and regulations, and provide information when required to do so in accordance with applicable laws, by court order, and jurisprudence.
If I provide the Company with any personal information relating to a third party (e.g. reference information, et.al.), I warrant to the Company that I have obtained the recorded consent of such third party to provide the Company with the third party’s personal information for the relevant purposes and can upon the Company’s consent request, submit the same for inspection.
I agree that the Company shall not be liable for any loss or damage arising from the Company’s disclosure of personal information for the above purposes.
From left: QNB Group Retail Banking GM Adel Al-Malki, Ripple South Asia & MENA Managing Director Navin Gupta, and China Bank Remittance Business Division Head Marlon Hernandez.
China Bank continues to expand its remittance tie-ups to make it safe and convenient for Filipinos abroad to send money home. The Bank recently entered a new remittance partnership with Qatar National Bank (QNB), the largest financial institution in the Middle East and Africa.
The partnership facilitates direct remittance from Qatar to the Philippines via RippleNet, a globally recognized financial platform for fast cross-border transactions using blockchain technology. China Bank clients in Qatar can directly transfer to any China Bank account in the Philippines in real-time regardless of amount. Similarly, transfers for up to P50,000 to other Philippine banks will also be available in real-time while transactions over P50,000 will be credited on the next working day.
"China Bank account holders enrolled in mobile banking can immediately check the receipt of their remittances and use them to save, send cash to their beneficiaries and pay their bills," China Bank Remittance Business Division Head Marlon Hernandez said.
China Bank is committed to grow its presence through partners in countries heavily populated by Overseas Filipinos. With its strategic partnership with RippleNet, China Bank began serving Filipinos in Malaysia through Mobile Money, and now with QNB, which is the first bank in Qatar to partner with RippleNet for direct remittance service.
“QNB has always been the pioneer financial technology accelerator in Qatar and the region. Our partnership with Ripple will provide our customers with a frictionless and safe experience to send funds in a way that fits their lifestyle,” QNB Group Retail Banking GM Adel Al-Malki said.
Ripple South Asia & MENA Managing Director Navin Gupta noted that, “The Philippines is one of the largest remittance receivers globally, and we are pleased to be connecting QNB with China Bank to process remittances from Qatar to Philippines via RippleNet.”