Banking
Security Bank Predicts Profit Growth; 4 New Banking Apps to Launch in 2024
Security Bank Corp. is poised for an uplift in profitability in the coming year, buoyed by robust growth in its lending operations and strategic investments in technology and infrastructure. At a recent roundtable with journalists, Security Bank Executive Vice President
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RCBC ATM Go Expands Access with QR-based Cardless Cash Withdrawals
The Rizal Commercial Banking Corporation (RCBC) has recently launched a QR-based cardless withdrawal facility as part of its RCBC ATM Go service. This initiative is aimed at enhancing the availability of digital financial services in areas of the Philippines that
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Landbank Looks to Boost Digital Services to Streamline Customer Experience
State-operated Land Bank of the Philippines (Landbank) is setting its sights on minimising traditional over-the-counter transactions by encouraging its customers to utilise its digital services. Lynette Ortiz, President and CEO of Landbank, articulated the bank’s objective to usher clients towards
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Metropolitan Bank Taps Temenos to Innovate its Wealth Management Services
Metropolitan Bank & Trust Co. (Metrobank), one of the Philippines’ major banks, has initiated a partnership with Temenos and Collaboration Betters the World (CBTW) to integrate Temenos Wealth into its services. This move aims to enhance Metrobank’s existing wealth management
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BSP Studying the Role of Generative AI in Banking and Financial Services
Commenting on the integration of technology within the financial sector, the Bangko Sentral ng Pilipinas (BSP) has revealed its ongoing investigations into the implications and necessary safeguards for the use of generative artificial intelligence (AI) in banking. Under the guidance
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Salmon Introduces “Early Bird” Savings Scheme with 8.88% Interest Rate
Salmon has recently introduced its “early bird” savings scheme. The financial services company now operates a licensed bank, the Rural Bank of Sta. Rosa/Laguna, alongside a series of lending companies in the Philippines. This initiative offers Filipino consumers a notable
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BSP Endorses New Sustainable Finance Taxonomy to Guide Philippine Banks
Within the realm of sustainable finance in the country, the Monetary Board and the Bangko Sentral ng Pilipinas (BSP) have granted approval to the Philippine Sustainable Finance Taxonomy Guidelines (SFTG) for banking entities during its assembly on 14 February 2024.
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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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BSP, PDIC Sign MOA to Streamline Cooperation and Supervision of Bank Deposits
The Bangko Sentral ng Pilipinas (BSP) and the Philippine Deposit Insurance Corporation (PDIC) have updated their cooperative framework through the signing of a Revised Memorandum of Agreement (MOA) on Information Exchange. The event took place at the BSP headquarters in
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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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