Posts From Fintech News Philippines
Tonik Strengthens Finastra Partnership as It Surpasses 1 Million Users
Philippines’ digital bank Tonik announced that it has renewed its partnership with financial services software and cloud solutions provider Finastra. Through this partnership, Finastra’s Essence core banking platform will continue to power Tonik’s end-to-end banking operations. Essence is cloud-enabled and
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Thought Machine’s Modern Core Enables Nikel to Close the Small Business Credit Gap
Thought Machine, a cloud-native banking technology company, has empowered Nikel, a fintech startup that unlocks credit for millions in Southeast Asia, to streamline its lending process and develop new products more quickly. Founded in 2018, Nikel which rebranded from Impact
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Trade Gold Like a Pro: Strategies and Tips for Successful Gold Trading
Gold, one of the oldest known trading commodities, has mesmerized and captivated humans for millennia. Revered for its shimmering allure and inherent value, it remains an investment favorite. But how can you, the modern-day trader, seize its golden opportunities without
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Salmon Rolls Out BNPL Service With Built-in QR PH Payment Options
Philippines-based fintech Salmon announced the launch of Salmon Credit, its first credit line product with built-in QR Ph payment options. Filipinos will now be able to make payments at more than 600,000 QR Ph-enabled merchant locations across the country. Salmon
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RCBC ATM Go Records PHP 7.5 Billion in Transactions
Rizal Commercial Banking Corporation’s (RCBC) community-based financial service ATM Go recorded PHP 7.5 billion (US$ 132.1 million) in transactions. The service has been growing rapidly, with a 43% year-on-year increase in transaction volume and a 527% increase in the number
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UnionBank to Roll Out In-App Bitcoin Trading for Users in Q4 2023
UnionBank of the Philippines is set to launch Bitcoin trading on its mobile app in the fourth quarter of 2023, having obtained a license from the Bangko Sentral ng Pilipinas (BSP) this month. The bank is said to be the
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Cross-Border Payments Startup Parallax Raises US$4.5M Seed Round
Cross border payments company Parallax announced that it has raised US$4.5 million in a seed funding round led by Dragonfly Capital. Founded by Mika Reyes and Alex Kuang, Parallax provides near instant international payments. The firm is focused on providing
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Akulaku Taps Netbank to Expand Its Loan Offering in the Philippines
Netbank, a Filipino embedded finance platform, has partnered with Indonesian fintech unicorn Akulaku to offer affordable and convenient loans to Filipinos. The partnership will integrate Akulaku’s users into Netbank’s “Loans as a Service” model, which will help the Indonesian fintech
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SEC Allows Crowdfunding Portals to Act as Registrars of Qualified Buyers
The Philippines’ Securities and Exchange Commission (SEC) has allowed crowdfunding portals to act as registrars of qualified institutional and individual buyers. This means that crowdfunding intermediaries and funding portals will no longer be reliant on third party institutions to assist
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STACS to Facilitate ESG Data Reporting for Businesses in the Philippines
The Philippine Dealing System Holdings (PDS Group) has partnered with STACS, an ESG data and technology solutions company, to use the latter’s ESGpedia platform to support corporate sustainability and ESG reporting for businesses and issuers in the Philippines. Covering over
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