Search Results for "AWS"

Red Hat and AWS Powers UnionBank’s Digital Transformation Journey

The Union Bank of the Philippines is using Red Hat OpenShift Service on Amazon Web Services (AWS) to accelerate its digital transformation and provide more personalised financial services to its customers. This has allowed UnionBank to migrate its mission-critical workloads

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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. This is especially true for traditional banks and financial institutions experiencing pressure to offer the same level of agility as

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Pay&Go Kiosks Now Available at Lawson Branches for Secure, Convenient Payments

BTI Payments is further strengthening the presence of fast and easy payments in the country, through their latest partnership with Lawson Philippines. Under the tie-up, BTI’s Pay&Go kiosks are now present in Lawson convenience store branches nationwide. A wholly-owned subsidiary

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UnionBank to Fully Migrate to AWS’ Cloud by 2022

Amazon Web Services (AWS), an Amazon.com company, announced that the Union Bank of the Philippines will migrate its IT infrastructure from on-premises to cloud by 2022. The migration is intended to accelerate the bank’s digital transformation, improve customers’ digital banking

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Philippines Introduces New Laws, Initiatives To Boost Innovation And Entrepreneurship

The Philippines government is pushing for innovation and entrepreneurship, introducing new regulations and programs to support young companies, and leading numerous projects to bring convenient e-government public services to the masses. The Philippines Innovation Act The Philippines’ president, Rodrigo Duterte,

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Philippines’ SEC Moves to Block Binance Amid Licensing Concerns

In a significant development, the Philippines’ Securities and Exchange Commission (SEC) has escalated its actions against the unlicensed operations of Binance, the globally renowned leading cryptocurrency exchange, until recently. This move comes after the SEC’s decision, during their meeting on

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BSP Introduces Payment Manual To Sets Standards for System Participants

In an effort to consolidate and clarify the regulatory framework of the Philippines’ National Payment System (NPS), the Bangko Sentral ng Pilipinas (BSP) has introduced its first-ever Manual of Regulations for Payment Systems (MORPS). According to the central bank, the

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SEC Slaps P1 Million Fine on CryptoAsset Trading Following Scam Accusations

The Securities and Exchange Commission (SEC) has recently enacted measures against CryptoAsset Trading OPC by revoking its certificate of incorporation and levying a fine. This step was taken in light of the firm’s engagement in unauthorised investment solicitations, which strayed

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Isabel Ridad Takes Helm at Wise Pilipinas Amid Philippines Strategic Expansion

Wise, the UK-based fintech organisation formerly known as TransferWise, has expanded its operations into the Philippines, introducing Wise Pilipinas. This development marks an extension of Wise’s international presence, particularly in Southeast Asia. Isabel Ridad, founder of Monetize, has been appointed

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Top 5 Fintech Trends in the Philippines That Will Shape the Space in 2024

The financial technology landscape in the Philippines has undergone transformative changes in 2024, driven by dynamic innovations and an increasingly digital-savvy population. Today we delve into five of the top fintech trends in the Philippines shaping the nation’s financial sector,

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