VBank appoints former Netbank executive, Young Paul Raneses, as Chief Operating Officer and Chief Privacy Officer
VBank, a digital-centric banking initiative under the LCS Group of Companies, has announced the appointment of Young Paul Raneses as its new Chief Operations Officer (COO) and Chief Product Officer (CPO).
This strategic move is intended to accelerate VBank's transformation and expand its presence in emerging market segments. Raneses brings with him a wealth of experience, having previously worked at Netbank and launching their Netbank Mobile platform. He was also instrumental in the development of Netbank's Account-as-a-Service (AaaS) solution, a service that allows other fintech companies and e-money issuers to offer white-labelled banking services.
Under Raneses' leadership, VBank will focus on product strategy, user experience design, platform innovation, and end-to-end operations. He will oversee core banking processes, internal systems, service delivery, and customer support in his dual role as COO and CPO.
Raneses' vision for VBank is to create a digital-centric institution that empowers individuals and ecosystems through smarter, more seamless banking. He aims to make VBank a platform for inclusive finance, connecting consumers, entrepreneurs, and digital businesses. The venture's focus on inclusive finance is a new fact not mentioned earlier.
The renewed focus of VBank will be on scalability, reliability, and customer-centric design to address the needs of both everyday users and digital sectors. This approach is intended to make the banking services offered by VBank accessible and beneficial to a wide range of users.
VBank is a licensed banking initiative under the LCS Group of Companies, founded by former Ilocos Sur Governor Luis "Chavit" Singson. The appointment of Raneses is part of a broader strategy to position VBank as a leader in the digital banking sector, offering innovative and inclusive financial services.
The LCS Group of Companies has not provided specific details about Raneses' career history or roles prior to his appointment at VBank. However, it is known that Raneses led the Mobile Retail Banking business line at Netbank before joining VBank.
VBank's featured image is by VBank itself. The facts mentioned in this article do not indicate any advertisements.
