Thursday, August 24, 2023

Security Bank Empowers Workforce with Darwinbox's Mobile-First HR Solution

MANILA, PHILIPPINES—Security Bank Corporation (PSE:SECB), a leading universal bank in the Philippines, has recently launched HeRO, powered by Darwinbox, as its Human Capital Management (HCM) platform. This elevates the employee experience of the Bank’s more than 7,000-strong workforce. The Bank has integrated its systems into one end-to-end HCM platform covering the entire employee lifecycle from hiring to retirement. Security Bank’s goal with the partnership is to provide employees with a mobile-first HR solution that is simple, progressive, and serves as a one-stop-shop tool for HCM data and service needs.

HCM and HR experts from Darwinbox worked with the Security Bank team on an extensive blueprinting process to address the Bank’s requirements, setting out a roadmap and expected outcomes. Darwinbox and Security Bank planned a phased implementation to ensure the successful adoption of scheduled functionalities while performing business-as-usual tasks.

Speaking on the Bank’s HR vision and intention with the new HCM platform, Sanjiv Vohra, President and CEO of Security Bank, said, “At Security Bank, our values-based culture is underscored by our Employee Value Proposition called ‘You Matter.’ We’re strengthening our support for our employees with unique, industry-leading engagement and benefits programs, as we invest heavily in technology to improve the overall employee experience. Our Bank has grown and evolved over the past seven decades and counting, and the key to our longevity and success lies in our most important asset—our people,” said Sanjiv Vohra, President and CEO of Security Bank.  

“Security Bank is committed to being the preferred employer in Philippine banking. To do so, we’re investing in employee development and technology to simplify processes and enhance work-life balance. HeRO is a significant part of the HCM transformation initiative, aiming to unify and empower employees by providing a single source of truth for all HCM data and services, from onboarding to career progression and retirement,” said Nerissa Berba, Executive Vice President and Head of Human Capital Management. 

Two 'Experience Lab' sessions were conducted by Darwinbox for stakeholders to familiarize themselves with HeRO (Security Bank’s front-end branding of the Darwinbox platform) before its official launch. The first session was attended by Security Bank executives while the second session included a larger audience. 

“We don’t just want to leave a customer with a platform, we’re all about driving end-to-end value management. After all, we’re driving a new way of working at Security Bank,” said Jayant Paleti, co-Founder of Darwinbox. He added, “We love working with passionate teams that want to do right by their employees, and the dedication of the Security Bank team to their people has been evident from day one. The vision and execution have been very well thought out. Everyone involved has shown tremendous support. Here’s to a continuously blossoming relationship with Security Bank.”

Vikrant Khanna, Global Head - Value Management and Solutions at Darwinbox, said of the engagement, “It’s wonderful to partner with organizations that are pushing the needle on high-touch and high-tech HR in a well-thought-out manner. Security Bank's employee value proposition of 'You Matter' has been a beacon for HCM, clearly charting out their transformation journey.”

Darwinbox is globally the #1 rated HCM platform (on Gartner Peer Insights) and backed by the likes of Microsoft, Salesforce, and Sequoia. The new-age solution has become the fastest and the only Asian HCM player to feature on the Gartner Magic Quadrant in 2021 and 2022. The company’s technology partnership with Microsoft is helping accelerate the development of cutting-edge innovations, including AI in HR.


About Darwinbox

Darwinbox is an end-to-end, mobile-first, and employee-first HCM platform built for enterprises. Today Darwinbox serves 800+ enterprises, 2.2 million+ employees across 116+ countries including leading Southeast Asian enterprises and fast-growing companies like Gokongwei Group, Shakey’s Pizza, Kopi Kenangan, Mitra Adiperkasa, Indorama, Gunung Raja Paksi (GRP), Singlife, Al Rajhi Bank, MatchMove, and many more.

About Security Bank Corporation

Established in 1951, Security Bank is one of the Philippines' leading universal banks, and is publicly listed with the Philippine Stock Exchange (PSE:SECB) in 1995. The Bank's major businesses cover retail, corporate, commercial, and business banking, offering a wide range of services including financing, leasing, foreign exchange, stock brokerage, investment banking, and asset management.

Security Bank differentiates itself from competition as a strong, independent, domestic bank with a global reach. The Bank provides superior customer experience in line with its brand promise of BetterBanking, stemming from an in-depth understanding of customers' needs and providing solutions in a professional, problem-free, personalized and prompt manner. With the Bank's strategic partnership with Mitsubishi UFJ Financial Group (MUFG), the largest financial group in Japan, it is also able to provide customers access to an extensive global network.

The Bank has been recognized by international and local organizations for its continuous product innovation, market leadership, and best-in-class management practices.

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