Posts From Fintech News Philippines

Fintech Alliance.PH Urges Enactment of Corporate Tax Incentives Bill

The Fintech Alliance.PH together with 43 other private business groups in the Philippines have expressed support for the Corporate Recovery and Tax Incentives for Enterprises (CREATE) bill and are pushing for its quick enactment into law. The groups urged the

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CIMB Philippines Doubles Customer Base to Over 3 Million

CIMB Bank Philippines had doubled its deposit customer base to exceed 3 million total banking customers with an 800% increase in deposits balance sheet, and 30% of these deposit customers claimed that CIMB was their first bank account. Amidst the

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DiskarTech Ranked as the Most Downloaded Finance App in 2020

DiskarTech, Rizal Commercial Banking Corporation’s (RCBC) virtual bank, has emerged as the Philippines’ number one finance app released in 2020 across distribution platforms in terms of downloads according to App Annie, global provider of mobile data and analytics. DiskarTech had

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FinScore Inks Partnership With UnionBank for Data-Driven Credit Scoring

UnionBank has signed a partnership agreement with FinScore, an alternative credit scoring company that is powered by telco data and advanced analytics, aiming to promote market efficiencies and expand the access of Filipinos to a broad range of financial services.

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GCash Inches Closer to Unicorn Status With $175 Million Capital Raise

Globe Fintech Innovations, Inc. (Mynt), the fintech arm of Globe Telecom and operator of e-wallet GCash, raised over $175 million in fresh capital and inches closer towards achieving unicorn status with a post-valuation close to the $1 billion mark. The

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GCash E-Wallet Hits PHP 1 Trillion in Transactions in 2020

Philippine mobile money wallet GCash has hit PHP 1 trillion in transactions for the year 2020, recording a 254% year-over-year (YoY) growth. Globe Fintech Innovations Inc. (Mynt), which operates GCash, is part of the portfolio companies of 917Ventures, the largest

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Plans for the Launch of Philippines Fintech Sandbox Are Underway

The two Philippines fintech groups, Fintech Alliance.PH and Fintech Philippines Association, announce plans to collaborate on the launch of the Philippines Fintech Industry Sandbox which is supported by the UK Prosperity Fund ASEAN Economic Reform Programme (ASEAN ERP). The initiative

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Year End Message to Our Readers – Offline from 24th December to the 3rd January

Fintech News Philippines would like to take this opportunity to wish all our readers a Merry Christmas and a very Happy New Year. We will be taking a break from the 24th December 2020 to the 3rd January 2021. Until

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Provenir Links up With FinScore for AI-Powered Credit Decisioning

Provenir, risk decisioning and data analytics software provider, announced a new data integration partnership with FinScore, an alternative credit scoring company in the Philippines that uses proprietary AI and machine learning technology in its predictive models to help financial institutions

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RCBC Becomes the Latest Addition to the ASEAN Financial Innovation Network

The ASEAN Financial Innovation Network (AFIN) has announced the inclusion of Rizal Commercial Banking Corporation (RCBC) among the four new members of the API Exchange during the Singapore FinTech Festival 2020. AFIN was established as a non-profit organisation in 2018

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