GSIS releases P49.84 billion in loans in 2009 04/29/2010

GSIS releases P49.84 billion in loans in 2009

04/29/2010 The Government Service Insurance System (GSIS) reported an overwhelming P49.84 billion loan disbursement in 2009, an amount filed through its state-of-the-art GSIS Wireless Automated Processing System (G-W@PS) kiosk. This was achieved despite the slowdown in its operations brought about by the defective IBM-DB2 database system. Data from the Information Technology Services Group of the GSIS showed a little over a million loan applications were filed online last year through the G-W@PS kiosks deployed in all GSIS servicing offices and selected government agencies. Of the total loan applications filed, the GSIS approved 878,469 for a total consideration of P49.84 billion. The GSIS said it was able to process a huge bulk of loan applications filed through the G-W@PS kiosks because it has moved to a new and better system, which is Oracle. Introduced in 2006, the G-W@PS is hailed as the first in the world. It was launched in fruition of the pension fund’s commitment to provide anytime, anywhere service.... MORE Source:  The Daily Tribune URL: http://www.tribuneonline.org/nation/20100429nat5.html

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