Posts From Fintech News Philippines
Oona Insurance Takes Full Ownership of Joint Venture in the Philippines
Insular Life and Oona Insurance group have announced a change in their business arrangement, with Insular Life selling its 40% stake in the Oona Insular Insurance Corporation to Oona Insurance, making it a fully owned subsidiary of the latter. Despite
Read More
Finance Secretary Diokno Champions Blended Climate Finance at COP28
At the 2023 United Nations Climate Change Conference (COP28) in Dubai, Finance Secretary Benjamin E. Diokno underscored the need for innovative financing mechanisms to address the growing costs associated with climate action, highlighting the significance of blended finance in escalating
Read More
Beyond Onboarding: Maximising Customer Value through Risk Decisioning in APAC
Discussions about risk decisioning platforms often center around onboarding and loan origination. However, investing at the start of the journey is just one aspect of the puzzle. Growth relies not only on attracting new customers but also on maximising the
Read More
RCBC Pulz Empowers OFWs to Open Accounts with Foreign Mobile Numbers
The Rizal Commercial Banking Corporation’s (RCBC) recently launched banking app ‘RCBC Pulz’ has enabled Filipinos from around the world to establish bank accounts using any international mobile number. This initiative is specifically designed for the more than twelve million Overseas
Read More
Uphill Climb for Philippines Digital Banks to Shift Banking Status Quo
In the Philippines, the emergence of digital challenger banks has been a promising development, particularly given the country’s significant unbanked population. Fitch Ratings observes that while these digital banks have seen rapid growth since their introduction, their overall market share
Read More
FinScore’s CrediView Elevates Credit Scoring with Extensive Loan Inquiry Data
FinScore, a Philippines-based alternative credit scoring provider, has developed a new tool named CrediView, which aims to enhance the credit assessment process beyond traditional methods. CrediView grants banks and lenders access to a borrower’s recent loan inquiries across more than
Read More
Top 4 Emerging Fintechs from the Philippines to Watch in 2024
The Philippines is witnessing a rise of its fintech industry, a growth that’s been driven by a growing digital-savvy population, the cohesive efforts of both governmental and private entities, and booming usage of digital financial services — to get a
Read More
OwnBank Expands Mobile Banking Services with High-Interest Savings Options
Since undergoing digital transformation in 2021, mobile banking platform OwnBank has been reintroduced in the Philippines market with several financial services within its app, including one of the highest savings interest rate in the market so far, of up to
Read More
Globe Group Seeks to Build on GCash’s Fintech Success for Future Ventures
Digital solutions platform Globe Group is set to replicate the success of its fintech arm, GCash, which is the country’s main finance super app and the only double unicorn. Ernest Cu, President and CEO of the Globe Group, said the
Read More
Salmon Appoints Franchette Chingcuanco-Cardona as CMO
Salmon has announced the appointment of Franchette Chingcuanco-Cardona as its Chief Marketing Officer (CMO) for the Philippines. Franchette Chingcuanco-Cardona brings her experience and a proven track record in various areas of marketing, particularly in the fintech and financial services domain.
Read More