CIMB Bank Philippines and DragonFi Securities Inc. have formed a strategic partnership to make investing easier and more accessible for Filipinos, the companies said Thursday.
The collaboration aims to integrate banking and digital investing solutions, creating a seamless user experience that democratizes investing in the country.
This will lower barriers to entry for CIMB customers looking to access stock market trading and offer improved solutions for experienced investors by reducing friction costs.
Under the partnership, DragonFi users will soon be able to open high-interest savings accounts within the DragonFi mobile app, powered by CIMB Bank PH. The embedded savings account will allow for real-time fund transfers, enabling DragonFi users quicker access to funds and more efficient investing.
CIMB customers will gain direct investment access to DragonFi through the CIMB mobile app. This will provide them with the full capabilities of DragonFi’s investment platform, including educational features such as their Creator’s Circle and Investing Club, which house real-money portfolios from DragonFi’s research team.
CIMB Bank PH and DragonFi also plan to offer a margin financing facility for DragonFi users, increasing their purchasing power and providing investment flexibility to capitalize on market opportunities.
The partnership agreement was signed by CIMB Bank PH chief executive Vijay Manoharan, chief innovation, digital and operations officer Shereen Vallauthan, DragonFi chief executive Jon Carlo Lim and chief technology officer Cathryn Lao.
