Fintech News Philippines

Global Report Reveals Filipino Banks Face Extinction Unless They Embrace Digitisation

Three in five banks believe they will cease to exist within five to ten years unless they change their business

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Fintech Alliance.PH Condemns Irresponsible Data Harvesting by Online Lenders

The Fintech Alliance.PH, the National Privacy Commission (NPC) and various industry players have joined forces in condemning the insidious practice

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How Will Branch Banking Evolve in the Digital Age?

With digital adoption spiking up in recent years coupled with Bangko Sentral Ng Pilipinas’ recent introduction of the digital banking

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PhilSys: Key Building Block for Greater Financial Inclusivity in the Philippines

In August 2018, President Rodrigo Duterte signed the Philippine Identification System Act into law to create a national identification system

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Machine Learning: The Future of E-Commerce Fraud Prevention

Machine learning plays a pivotal role in effective fraud prevention systems. In this article, learn how machine learning can significantly

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Fintech Alliance.PH Partners 10×1000 Tech to Roll Out Fintech Programme for Filipinos

Fintech training platform 10×1000 Tech for Inclusion launched its latest global Fintech Foundation Programme Flex, an online certificate programme with

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RCBC’s DiskarTech App Rakes In PHP 11.8 Billion in Transactions a Year After Launch

Rizal Commercial Banking Corporation’s (RCBC) financial inclusion super app DiskarTech has booked a gross transaction value in excess of P11.8

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Voyager’s PayMaya Bags Sixth Digital Bank License From BSP

Bangko Sentral ng Pilipinas (BSP) has awarded the sixth digital banking license to Voyager Innovations (Voyager), through its financial technology

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BSP, French Development Agency Sign PHP 41.3 Million Grant for Financial Inclusion Push

Bangko Sentral ng Pilipinas (BSP) and the Agence Française de Développement (AFD) signed a grant facility agreement of 700,000 Euros

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Tonik Ventures Into the Consumer Lending Market With ‘Quick Loan’ Offering

Philippines’ neobank Tonik announced that it has launched a Quick Loan product on its platform marking its venture into the

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Welcome Bank Links up With FinScore for Alternative Credit Scoring

Philippines-based alternative credit scoring provider FinScore has partnered with Welcome Bank (Rural Bank), one of the subsidiaries of Korea’s Welcome

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Stronger Mobile Application Security Is the Key to Revenue Growth

Financial institutions have been moving towards expanding digitisation for years, offering remote banking services, and prioritising the customer experience in

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Fraud Prevention Tactics for Cross-Border eCommerce Businesses

Making the decision to take your eCommerce business global can be a lucrative one, but also introduces a higher risk

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FICO Survey: Filipinos Say Financial Institutions Ask Too Many Questions

Data analytics company FICO’s digital banking survey shows that people in the Philippines expect a seamless banking experience when it

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Mambu’s Finding Reveals Risks if Banks Do Not Evolve

Banking and financial services platform Mambu shares its “Reinventing Banks as Disruptors” whitepaper to help financial institutions get ready for

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PERA HUB Join Forces With Brankas to Launch Digital Remittance Platform

Philippines’ financial services center PERA HUB has joined forces with Brankas, an Indonesian open API technology provider, to launch a

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BSP Will No Longer Be Accepting Digital Bank Applications

Bangko Sentral ng Pilipinas (BSP) announced that it will no longer be receiving applications for new digital banks including banks

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Tonik Issues Numberless Physical Debit Card

Tonik, a Filipino digital bank that was recently licensed by the Bangko Sentral ng Pilipinas (BSP), has launched the physical

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Crypto Exchange PDAX Bags US$12.5 Million in Fundraise Joined by Unionbank’s UBX

The Philippine Digital Asset Exchange (PDAX), a cryptocurrency exchange licensed by the Bangko Sentral ng Pilipinas, announced that it has

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How to Prevent Promo Abuse Fraud From Damaging Your eCommerce Business

In this article, learn about what promo abuse fraud is and the steps you can take to prevent it from

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Gokongwei-Tyme Partnership ‘GOtyme’ Clinches Fifth Digital Bank License From BSP

GOtyme, a partnership between Filipino conglomerate Gokongwei Group and Singapore-headquartered digital banking group Tyme, has secured the fifth digital bank

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UnionBank Offers in-App Western Union Remittance Service in Real-Time

Union Bank of the Philippines teams up with Western Union and its agent in the Philippines PERA HUB for a

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SB Finance Taps Finscore’s Telco Data-Powered Credit Scoring Solution

Consumer lending company SB Finance has partnered with FinScore to enhance its credit scoring efforts using alternative data. Security Bank

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Manny Pacquiao Releases Limited Edition Digital Payments Card PacPay for Fans

Pac Technologies, a Singapore-based startup founded by boxing champion and senator Manny Pacquaio, has launched a limited edition digital card

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GCash Partners Ayannah To Roll Out New Remittance Service ‘GCash Padala’

Mobile wallet GCash has partnered with leading fintech Ayannah, a Filipino fintech startup that provides affordable and accessible digital financial

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Philippines’ Outdated Outward Remittance Processes is Overdue for Revamp

As Asia’s third largest recipient of remittances, the Philippines relies heavily on money sent home by around 10 million Filipinos

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Philippines Must Not Overlook Fraud Prevention in It’s Financial Inclusion Journey

Digital technologies and online platforms can help emerging markets advance financial inclusion by providing banking services to Gen Z’s, low-income

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Huawei Vows To Enable Digital Ecosystem-Based Finance in APAC

Huawei held its first virtual Asia-Pacific Intelligent Finance Summit 2021 with the theme “Accelerate Digital Transformation in Banking, New Value

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RCBC’s Lito Villanueva Named Chief Innovation Officer of the Year

The London-based Financial Times-owned international monthly publication “The Banker” has named Rizal Commercial Banking Corporation’s (RCBC) Lito Villanueva as the

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Philippines’ SEC Creates New Fintech Innovation Office

The Securities and Exchange Commission (SEC) has launched the PhiliFintech Innovation Office (PIO) which will focus on the fintech regulations

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