Banking
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
Read More
ASEAN Bank Stability Report Reveals Most (and Least) Reliable Philippines Banks
In the contemporary era where the digital economy shapes the core of financial transactions, the reliance on banking services and stability has significantly escalated, including in the Philippines. This reliance is not merely a reflection of a preference for convenience,
Read More
UnionBank Taps Informatica to Transition Customer Data to Cloud
UnionBank of the Philippines has recently selected Informatica’s intelligent Master Data Management (MDM) SaaS for transitioning its operations to the cloud, aligning with the bank’s digital transformation strategy. This change signifies a shift from UnionBank’s previous on-premises solution to a
Read More
Salmon Acquires Majority Stake to Become Licensed Bank in the Philippines
Salmon, a fintech company focused on enhancing financial accessibility in Southeast Asia, has recently been granted regulatory approval by Bangko Sentral ng Pilipinas (BSP) to acquire a controlling interest in the Rural Bank of Sta. Rosa (Laguna), a long-standing financial
Read More
Security Bank Unveils Major IT Investment in Push for Tech Leadership
In a strategic move to position itself as a technology-enabled bank in the nation, Security Bank is significantly increasing its investment in information technology (IT) and human resources (HR). The bank’s President and CEO, Sanjiv Vohra, emphasised the importance of
Read More
UnionBank Bolsters Digital Arm UnionDigital with US$32.5M Capital Infusion
UnionBank of the Philippines is significantly enhancing its investment in its digital banking division, UnionDigital Bank Inc., with a capital boost of P1.8 billion (US$32.5 million). This move, ratified by the bank’s board on November 24, aims to bolster UnionDigital’s
Read More
Inside the Digital Transformation Strategy of Historic PBCOM
The Philippine Bank of Communications (PBCOM) started operations as an overseas branch of the Chinese Bank of Communications, one of the largest banks in China that was headquartered in Taiwan – making it one of the first non-American foreign commercial
Read More
Security Bank Invests 12.3% Revenue on Tech — Here’s How They Prioritise It
The digital age has ushered in a new era of banking efficiency, enabling financial institutions to connect with even the most remote segments of society. Faced with the challenges of modern technology and the demands of discerning customers, banks now
Read More
Behind PNB’s Digital Strategy Which Onboarded Over 300% New Users
In the ever-evolving banking and finance landscape, the digital revolution has emerged as a driving force, revolutionising how financial services are delivered and consumed. With a focus on enhancing customer satisfaction, Philippine National Bank (PNB) began a strategic effort in
Read More
A Look at BSP’s Integrated Strategy To Boost Sustainable Finance
The Bangko Sentral ng Pilipinas (BSP) has embraced the responsibility of championing sustainability in the Philippine financial system. As a central bank, the BSP recognises the urgent need to address climate change and other environmental risks to safeguard price stability,
Read More