Financial Inclusion
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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Fintech Alliance Collaborates With Philippine Statistics Authority to Roll Out PhilSys ID
The National ID system or the Philippine Identification System ID (PhilSys ID) has launched virtually on October 9, 2020. FintechAlliance.ph is a financial inclusion partner of PhilSys ID. The organisation is a coalition of strategic players in the digital finance
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Home Credit Ties up With RCBC’s DiskarTech App to Disburse Cash Loans
Rizal Commercial Banking Corporation’s (RCBC) DiskarTech has tied up with taps Home Credit to allow its users to have their cash loans disbursed straight into the former’s digital savings accounts. This interest-bearing basic deposit account earns a competitive 3.25% profit
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DiskarTech Deepens Financial Inclusion Strategy With Agri-Fishery Credit Programme
The Department of Agriculture – Agricultural Credit Policy Council (DA-ACPC) has partnered with the Rizal Commercial Banking Corporation’s (RCBC) DiskarTech to make agri-fishery credit programmes more convenient and accessible for small farmers and fisherfolk (SFF) in the new normal. The
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Philippines’ Central Bank Senior Official Questions Fintechs’ Ability to Boost Financial Inclusion
A Bangko Sentral ng Pilipinas (BSP) official has raised the need to check on whether financial technology (fintech) firms can indeed boost financial inclusion in the Philippines, citing the large number of Filipinos who remain unbanked. In her speech during
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