Fintech News Philippines
AWS and Mambu Share Their Guide to Cloud Migration for Incumbent Banks
In today’s rapidly evolving economic environment, businesses need to be able to adapt quickly to changing market and consumer demands.
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Banks in the Philippines Face Fintech Threat, Warns McKinsey
Management consulting firm McKinsey & Co. has cautioned banks in the Philippines that they must adapt to the emerging and
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Tonik Surpasses One Million Customers Since Launch
Philippines’ digital bank Tonik announced that it has onboarded over one million customers since its inception. Tonik said that its
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How Competitive Are Interests Rates Offered By Philippines’ Digital Banks?
In the Philippines, digital banking challengers are making competitive strides against traditional banks, luring customers with high-yield savings accounts and
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SEC Delays Releasing Philippines Digital Assets Framework in Wake of FTX
The Philippine Securities and Exchange Commission (SEC) has deferred the rollout of a new framework for digital assets, influenced by
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Transforming the Future of Banking Through Cloud and Open-Source Technologies
The banking sector has undergone a significant transformation thanks to the introduction of cloud and open-source technologies. Previously, banks relied
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UNO Digital Bank Partners with 1Sari to Empower Sari-Sari Stores
Philippines UNO Digital Bank has partnered with 1Sari Financing Corporation to support the growth of sari-sari store owners and micro-enterprises
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Fintech Alliance.PH Kicks off National Cybersecurity Education Campaign
Fintech Alliance.PH, the country’s largest association of fintech and digital players, had launched a multistakeholder national cybersecurity awareness and education
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BSP and BDO Foundation to Develop Free Personal Finance Course for Filipinos
The Bangko Sentral ng Pilipinas (BSP) and BDO Foundation, the corporate social responsibility arm of BDO Unibank, will jointly develop
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NPC Says Unauthorised GCash Transactions Were Result of Phishing Attacks
The Philippines’ National Privacy Commission (NPC) concluded that the recent unauthorised deductions from multiple accounts from mobile wallet GCash amounting
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Wise Users Can Now Send Up to PHP 9 Million to the Philippines
Online money transfer service Wise announced that its users can now send up to PHP 9 million (approximately US$161,000) to
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Understanding Cryptocurrency Regulations in the Philippines
The Philippines has become a hotbed for cryptocurrency adoption due to its tech-savvy population and growing internet penetration. In recent
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Netbank Closes Series A Funding Round Led by Beenext
Netbank, a Philippines-based neobank that offers Banking-as-a-Service solutions, announced that it has closed its Series A funding round. The investment
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Medalla Says GCash Hit by Phishing Scam, 80% Of Lost Funds Already Recovered
The Bangko Sentral ng Pilipinas’ (BSP) Governor Felipe Medalla said that the recent unauthorised deductions from mobile wallet GCash amounting
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Grab Philippines in the Midst of Issuing Refunds Totaling PHP 6.7 Million
Grab Philippines is reportedly in the midst of issuing refunds of PHP 6.7 million (US$ 118,500) to its users following
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Financial Services Revolution: Salmon’s Drive to Promote Inclusion
The economy in the Philippines is expanding at record speed, and its dynamic population – young, growing, and savvy at
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Agoda Now Offers BillEase’s BNPL Payment Option for Filipino Travelers
BillEase, a consumer finance app offering BNPL, is now available as a payment option on online travel platform Agoda to
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Grab Philippines Slapped With Additional PHP 9 Million Fine for Delayed Refunds
The Philippine Competition Commission (PCC) has imposed another PHP 9 million (approximately US$160,000) fine on Grab Philippines for its failure
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LF Lending Services Modernizes Credit Scoring Process With FinScore’s Alternative Telco Data
Manila-based LF Lending Services is on the verge of digital transformation, starting with the integration of telco data into existing
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13 Fintech Events in the Philippines to Attend in 2023
Adoption of digital financial services has risen substantially in the Philippines over the past years. As fintech and technology continue
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GCash Denies Hacking Claims, Adjusts Users’ Balance After Unauthorised Deductions
Philippines’ mobile wallet GCash set out to reassure its 81 million users that no funds have been lost from their
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How Embedded Finance Is Revolutionising Financial Services in Southeast Asia
Embedded finance is a thriving trend that is rapidly changing the banking and financial services landscape in Southeast Asia. With
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Philippines, Japan Launch Credit Risk Model for SMEs’ Creditworthiness
The Bangko Sentral ng Pilipinas (BSP) and the Japan International Cooperation Agency (JICA) have teamed up to launch the Credit
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SIM Registration Urged as 20% Risk Losing Access Digital Payments
The FinTech Alliance Philippines encourages mobile phone users to register their SIM cards in compliance with the nationwide SIM Registration
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GCash and Maya Among Best Workplaces for Filipinos to Grow a Career, Says LinkedIn
Fintech unicorn Mynt (GCash) and digital bank Maya has carved out a place in the top 3 of LinkedIn’s ranking
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Deconstructing the Evolution of the Fintech Sector in Asia
Since the term ‘fintech’ was first coined in the early 2010s, the financial technology sector and the ecosystem around it
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MPT Mobility Taps Brankas to Enable Instant Toll Reloads via Bank Accounts
Open banking solution provider Brankas has announced a new integration that will allow MPT DriveHub app users in the Philippines
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Fintech Salmon Gets a Boost From Finscore’s Telco Data-Based Credit Scoring
Fintech startup Salmon has selected Philippines-based alternative credit scoring provider FinScore to offer flexible financing terms and generous loan amounts
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Is Philippines Falling Short of Its PhilSys Digital Identity Ambitions?
This month, the Bangko Sentral ng Pilipinas (BSP) issued the latest rules outlining the minimum digital identification and verification requirements
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BSP: ASEAN’s 5 Biggest Economies to Link Real-Time Payments Within 3 Years
Bangko Sentral ng Pilipinas (BSP) governor Felipe M. Medalla believes payment connectivity between the five largest economies of the Association
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Fintech Report Philippines 2020: Mapping out the Fintech Philippines Ecosystem
The Philippines’ fintech ecosystem is brimming with innovation with a vibrant mix of entrepreneurs attempting to fill in the gap
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A Glance at the Philippines’ Open Banking Strategy
Open banking is at the core of enabling innovation within the financial sector, while the private sector often rolls out
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Philippines Approves 3 More Crypto Exchanges Amid Soaring Bitcoin Prices
Bangko Sentral ng Pilipinas has green-lit another 3 cryptocurrency exchanges to operate in the Philippines. The new licensed firms include
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RCBC’s Diskartech Tops Google Play’s Free Finance Apps, Surpassing Gcash and PayMaya
DiskarTech, Rizal Commercial Banking Corporation’s (RCBC) virtual bank has claimed the top spot among free finance apps in Google Play
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Dubai-Based RAKBANK, BDO and Ripple Teams up for Remittance to the Philippines
Dubai-based bank RAKBANK recently enhanced its current remittance footprint in the Philippines by partnering with BDO Unibank, a full-service universal
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Signet Launches Flint a Real Estate Crowdfunding Platform for the Philippines
Signet Properties officially launches Flint, a tech-enabled real estate crowdfunding platform in the Philippines. Co-presented by SeedIn Technology and RE/MAX
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Philippine Banks ATM Fees Compared
Bank of the Philippine Islands (BPI), Banco de Oro (BDO), Rizal Commercial Banking Corporation (RCBC), Metrobank and the Philippine National
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Philippines’ Regulators Issues New Crowdfunding Rules
Philippines’ regulator, Securities and Exchange Commission (SEC) has released its rules and regulations on crowdfunding as its way of providing
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20 Top Emerging Digital Finance Players to Watch in the Philippines
Though in the Philippines fintech is still in the infancy stage, adoption of digital financial services is on the rise.
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Mobile Wallet GCash Leads in Filipino Market
With more than 5 million downloads from Google Play, GCash is not only one of the Philippines most popular mobile
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BSP Monetary Board Grants RCBC Approval Distribute COVID-19 Relief Fund
The Bangko Sentral ng Pilipinas (BSP) granted authority to Rizal Commercial Banking Corp. (RCBC) to accept government funds to assist
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Top 7 Fintech Startups in the Philippines for 2020
Last year, Manila was named one of the world’s friendliest cities in the world for fintech startups, and was recognized
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