Posts From Fintech News Philippines

Bank of Makati is Leveraging Qlik for Data-Driven Customer Insight

Qlik revealed its collaboration with Bank of Makati Inc (BMI), the Philippines’ fifth-largest stand-alone thrift bank by assets, marking a step forward in utilising data to enhance financial services. The partnership focuses on employing Qlik Sense to streamline the process

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ADB Grants to Fund Digital Transformation for 9 Philippine Rural Banks

the Asian Development Bank (ADB) has allocated grants amounting to US$655,000 to support the digitalisation efforts of nine rural banks, plus a bank consortium in the Philippines. This financial assistance aims to facilitate these banks in adopting digital technologies to

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BPI Wealth AUM Surpasses P1 Trillion Mark, Sets Sights to Expand Offerings

BPI Wealth, the wealth management subsidiary of the Bank of the Philippine Islands (BPI), is preparing for a substantial increase in its assets under management (AUM) in the coming year, driven by a favourable economic environment and the introduction of

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UNO Digital Bank Secures $32.1 Million in Funding to Fuel Expansion

UNOAsia Pte Ltd has secured US$32.1 million in a recent pre-Series B funding round, with the mix of equity and debt funding aimed at reinforcing the operations of UNO Digital Bank in the region, with a particular focus on technology

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GCash Partners Philippines’ Cybercrime Agency to Combat Financial Fraud

In an effort to tackle the increasing instances of financial fraud in the country, the e-wallet GCash has joined forces with the Cybercrime Investigation and Coordinating Center (CICC), a move designed to enhance real-time protection against cybercrime for the public.

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Atome, Mastercard Unveil Card Feature with Gaming Credits and Rewards Exchange

Atome has collaborated with Mastercard to enhance the gaming experience for its users in the Philippines. This collaboration enables Atome Card holders to convert their Atome rewards points into gaming credits through the Mastercard Gamer Xchange (MGX). The initiative is

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BSP Reports Record Highs From Overseas Remittances in the Philippines

In December 2023, personal remittances from overseas Filipinos achieved a record high in the Philippines, reaching US$3.6 billion, an increase of 3.9% from the US$3.5 billion reported in December 2022. This growth, as detailed by the Bangko Sentral ng Pilipinas

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Tonik Introduces ‘Luv Stash’, a Savings Product for Couples to Earn 4.5% Interest

Following Valentine’s Day last week, Tonik Digital Bank has recently unveiled ‘Luv Stash,’ a novel savings product. This facility stands out in the market by allowing two individuals to jointly save whilst earning an interest rate of 4.5%. The idea

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GCash Broadens Remittance Services Expansion To Another 10 Countries

GCash has announced its continuing global expansion by securing regulatory approval to extend its services to an additional ten countries, following approval from the Bangko Sentral ng Pilipinas (BSP). This expansion enables the service to facilitate smoother financial transactions for

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BSP Lauds Rise in Digital Payment Technology in the Philippines

The Bangko Sentral ng Pilipinas (BSP) has reported on the ongoing expansion of digital payment technologies, noting their significant role in enhancing the delivery of financial services to unbanked populations and micro, small, and medium enterprises (MSMEs). This development is

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