Financial Inclusion
Mambu Says 33 Million Filipinos With Digital Wallets Remain Formally Unbanked
A recent study of 2,000 global consumers by Mambu, the market-leading banking and financial services platform, revealed that both banked and unbanked individuals feel underserved, with 56% of banked customers claiming that there are other services they should be able
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RCBC’s ATM Go Rolls Out Cardless Withdrawal for Mobile POS Terminals
Rizal Commercial Banking Corporation’s (RCBC) ATM Go has enabled cardless withdrawal for mobile point-of-sale terminals (mPOS) as part of its financial inclusion efforts. Aside from the regular ATM services that requires a card, ATM Go can now process cardless withdrawals
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Ayannah Partners RCBC to Make Financial Inclusion Push
Ayannah a Filipino fintech startup that provides affordable and accessible digital financial services will be providing its open banking and omnichannel distribution platform to Rizal Commercial Banking Corporation (RCBC)’s mobile app Diskartech. With this partnership, Diskartech users will be able
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Experian Teams up With FinScore for Alternative Data Scoring in the Philippines
Experian, a consumer financial data service provider, has partnered with FinScore, an alternative credit scoring provider, to help financial institutions reduce high default rates and prevent fraudulent activity, whilst simultaneously bridging the financial inclusion gap for unbanked individuals in the
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FinScore Inks Partnership With UnionBank for Data-Driven Credit Scoring
UnionBank has signed a partnership agreement with FinScore, an alternative credit scoring company that is powered by telco data and advanced analytics, aiming to promote market efficiencies and expand the access of Filipinos to a broad range of financial services.
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Provenir Links up With FinScore for AI-Powered Credit Decisioning
Provenir, risk decisioning and data analytics software provider, announced a new data integration partnership with FinScore, an alternative credit scoring company in the Philippines that uses proprietary AI and machine learning technology in its predictive models to help financial institutions
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Redefining Finance for Good: COVID-19, a Catalyst for Inclusive Digital Finance
The current COVID-19 health crisis is unprecedented in its scope, impacting all countries and the world’s economy at large. In banking, COVID-19 has accelerated the shift to digital, pushing customers towards mobile banking and contactless payments. For financial institutions, COVID-19
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Improved Financial Inclusion Key to Philippines’ Economic Recovery
Bangko Sentral ng Pilipinas’ (BSP) Governor Benjamin Diokno indicated that improving the financial inclusion landscape can aid in the recovery of the domestic economy from the pandemic. In a taped speech during the Pru Life UK Online Investment briefing, he
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Phillippines’ Digital Banking Framework to Trigger Wave of Innovation for the Unbanked
In the Philippines, the upcoming digital banking framework will trigger a wave of innovation and help address financial exclusion, experts said. During a recent webinar, experts representing CIMB Bank, RCBC, Finastra and Microsoft, discussed the forthcoming digital banking license, arguing
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BSP Pushes for Financial Inclusion With Digital Payments Transformation Roadmap
The Monetary Board has approved the Bangko Sentral ng Pilipinas’ (BSP) Digital Payments Transformation Roadmap 2020-2023. The roadmap charts BSP’s current initiatives and strategies in advancing an efficient, inclusive, safe and secure digital payments ecosystem. It has identified two key
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