Posts From Fintech News Philippines
UnionBank Picks METACO and IBM to Set Up Its Digital Asset Custody Operations
The Union Bank of the Philippines has selected METACO, a provider of security-critical software and infrastructure to the digital asset ecosystem, to implement its digital asset management services. The bank will leverage METACO Harmonize which is its digital asset orchestration
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Philippines’ BNPL Platform BillEase Closes US$11 Million Series B
Philippines’ Buy Now Pay Later (BNPL) platform BillEase announced that it has closed its Series B funding round with US$ 11 million in fresh equity. The round was led by BurdaPrincipal Investments, the growth capital arm of German media and
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SEC Greenlights Investree Philippines for Permanent Crowdfunding License
The Securities and Exchange Commission (SEC) has granted Investree Philippines a permanent license to operate as a crowdfunding platform following a review of the company’s operations since the issuance of its provisional license in January 2021. Investree Philippines is a
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Tonik Taps Google Cloud to Build its Digital Bank
Philippines’ neobank Tonik announced that it is has built on Google Cloud’s advanced platform to deliver its financial services in just 10 months. The bank had leveraged Google Cloud’s expertise in scalable infrastructure, application programming interface (API) management, machine learning (ML)
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Bangko Sentral Ng Pilipinas Launches Open Finance Framework
The Bangko Sentral ng Pilipinas (BSP) has formally launched the Open Finance Framework, which aims to promote collaborative partnerships and digital transformation as key enablers towards economic resilience and financial inclusion. Open Finance is the extension of data sharing principles,
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ASEAN Fintech Group Expands Into the Philippines With Acquisition of Jazzypay
ASEAN Fintech Group (“AFG” or the “Group”), a venture corporation that specializes in accelerating fintech adoption through accretive value has acquired JazzyPay Inc valued at US$1.8m. JazzyPay is a digital payments provider that allows businesses of various sizes and types
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Year End Message to Our Readers – Offline From 23rd December to the 2nd 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 23rd December 2021 to the 2nd January 2022. Until
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Fintech in the Philippines: 2021 in Review
In 2021, the Philippines’ fintech industry continued to grow and mature, building on accelerated adoption of digital channels amid COVID-19, investors’ optimism on the prospect of fintech in the Southeast Asian nation, and continued effort from the government to foster
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Russian Digital Bank Tinkoff Taps Finastra to Power Its Philippines Expansions Plans
Moscow-based digital bank Tinkoff announced that it has selected financial services software provider Finastra’s Fusion Essence Cloud core banking solution to power its planned expansion into the Philippines. Finastra’s next generation, cloud-native system will enable Tinkoff to bring a new
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Tonik Surpassed US$100 Million in Consumer Deposits in Less Than a Year
Philippines’ digital bank Tonik announced that it has surpassed PHP 5 billion (US$100 million) in consumer deposits 8 months after its launch of commercial operations. Tonik had previously secured PHP 1 billion (US$20 million) in consumer deposits within a month
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