Fintech News Philippines

BSP Urges Banks to Beef up Security Against Cyber Attacks

Bangko Sentral ng Pilipinas (BSP) has urged financial institutions to adopt robust control measures against cyber attacks on retail electronic

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ING Set to Shutter Its Philippines’ Retail Banking Business Before the Year Ends

ING announced that it will leave the retail banking market in the Philippines before the end of 2022. It will,

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Philippines to Get Gov’t Agencies to Support National Financial Inclusion Strategy

The Malacañang palace, the official residence and principal workplace of the Philippines’ president, has approved a circular institutionalising the whole-of-government

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Alternative Lenders Are on the Rise to Plug the Financing Gap for SMEs

In Singapore, small and medium-sized enterprises (SMEs) are struggling to secure sufficient financing from traditional lenders, with most still largely

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Cybersecurity Talent Shortage Puts APAC Organizations at Risk

Organizations across Asia are facing challenges in recruiting and retaining cybersecurity talents, a skills shortage that’s putting them at risk

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Filipino MSME Bookkeeping App Lista Raises Over US$5.1 Million

Lista, a bookkeeping app for MSMEs based in the Philippines, has raised over US$ 5.1 million in a recent funding

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Digital ID Verification, Remote Document Signing to Become the Norm in Finance Sector

The pandemic has accelerated the growth of non-face-to-face interactions, forcing banks, merchants and others to swiftly deploy digital tools to

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MoneyGram Launches Global Crypto-To-Cash Service in the Philippines

MoneyGram has partnered the Stellar Development Foundation (SDF) with to initiate the roll out of  its crypto-to-cash service that is

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Alibaba Cloud Set to Host the Fintech Summit 2022 in the Philippines

Alibaba Cloud Philippines is set to host the “Alibaba Cloud Day Philippines: Fintech Summit 2022” at the at Grand Hyatt

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GCash Surpasses PHP 2.5 Billion in Loan Disbursements Within 10 Months

Philippines’ mobile wallet GCash has disbursed more than PHP 2.5 billion in cash loans in just 10 months since the

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Which Is The Most Popular Finance App in Philippines?

In the Philippines, consumers were found to be spending much more time on digital bank Tonik than any other finance

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SME Lending in APAC Is the Major Opportunity for Banking-as-a-Service

Opportunities are endless with Banking-as-a-Service (BaaS), and nowhere is this more true than in Asia Pacific (APAC). Banks in the

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GCash Surpasses PHP 500 Billion in Gross Transaction Value

Philippines’ mobile wallet GCash announced that it had surpassed PHP 500 billion in Gross Transaction Value (GTV) in March 2022.

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BSP Names Bernadette Romulo-Puyat as New Deputy Governor

The Bangko Sentral ng Pilipinas (BSP) has named Bernadette Romulo-Puyat as its newest Deputy Governor (DG) who will be assuming

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8 Financial Processes Poised for Digital Transformation

COVID-19 accelerated trends toward remote banking and digitalisation, forcing financial institutions to embrace new technologies and processes to keep their

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PDS Group Launches Blockchain-Based Digital Bond With STACS as Its Tech Partner

The Philippine Dealing System Holdings Corp. (PDS Group) announced the launch of a fully digitally native bond, issued on a

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UnionBank Enhances Its Supply Chain Financing Solution for MSMEs

The Union Bank of the Philippines has digitally transformed and strengthened its Supply Chain Finance (SCF) solution platform to mitigate

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Why B2B Payments Is The Next Big Domino in APAC’s Fintech Innovation Wave

In the midst of the Covid-19 pandemic, a 2020 McKinsey report projected that Asia’s payments sector would be well positioned

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New Challengers Pressure Incumbents to Improve Customer Experiences

In the Philippines, the market entry of new, digital-first challenger banks is shaking up the banking industry, forcing incumbents to

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New Report Outlines Emerging Fraud Trends in 2022

The widespread shift to online channels during COVID-19 has seen scams and fraudulent activities surge. A new study by Onfido,

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BSP Says EGov Pay’s Transactions Showed 467% Growth Since 2021

The use of EGov Pay, a system that enables digital payment for government services, jumped by 467 percent to over

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Mynt’s GCash Clocks Over 60 Million Registered Users

GCash, a Philippines’ mobile wallet operated by Mynt under Globe’s corporate venture builder 917Ventures, announced that it now has over

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At the Cusp of a BaaS Revolution, Here Are Some of the Challenges

The future of finance is open, and the rise of Banking-as-a-Service (BaaS) means this future is closer than ever. The

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BSP and PPMI Set to Launch Three E-Payment Streams Over the Next Two Years

The Bangko Sentral ng Pilipinas (BSP) and the Philippine Payments Management Inc. (PPMI) will launch three e-payment streams as part

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Banks Need to Avoid Risks of a Big Bang Transition When They Digitise

The latest research by the International Data Corporation (IDC) and Thought Machine, a cloud native core banking technology firm, revealed

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Coins.ph Raises US$30 Million in Series C to Deepen Its Southeast Asian Presence

Philippines’ fiat and crypto wallet services provider Coins.ph announced that it has closed a US$30 million Series C financing led

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GCash Partners With Generali Philippines to Roll Out More Insurance Packages

Philippines’ mobile wallet GCash has teamed up with Generali Philippines to offer four affordable insurance packages on GCash’s GLife feature.

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BSP Lauds the Government’s Move to Shift to Digital Payments

The Bangko Sentral ng Pilipinas (BSP) says the issuance of the executive order on the adoption of digital payments for

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Grab Philippines Rolls Out Business Loan Offering for Its Merchants

Grab, through its SEC-licensed lending arm known as Grab Financial Services Philippines, announced that it has launched its new loan

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Using E-Signatures to Ensure Business Continuity in an Increasingly Digital World

The COVID-19 pandemic has accelerated the trend towards digitisation. Suddenly, government agencies, organisations, and businesses of every industry have been

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