DIGITAL bank GoTyme said that most of the Philippines’ largest banks have become focused when it comes to corporate investment banking, instead of the consumer market.

GoTyme President and CEO Nathaniel Clark said that such a situation actually leaves a lot of room for digital banks. 

Clark also said that less than 5 percent of adults had availed of credit from banks, which is less than 3 percent get insurance.

Meanwhile, less than 1 percent make investments. 

On the other hand, 5 percent which gets credit from banks can get other premium financial services.

"Our plan at GoTyme bank is essentially to democratize premium banking," Clark said.