Archive
Philippines Central Bank Updates Guidelines Crypto Exchanges
The Monetary Board of the Bangko Sentral ng Pilipinas (BSP) has approved the guidelines on virtual asset service providers (VASP) and entities that facilitate financial services through the conduct of virtual asset (VA) activities. The said guidelines amended the regulations
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Finastra, HCL to Provide Cloud-Based Digital Treasury Management for Filipino Banks
Finastra, a financial services software and cloud solutions provider, announced a partnership with HCL Technologies, an Indian multinational technology company, to provide treasury management technology in the cloud to smaller banks across the Philippines, India, Northern Europe and North America
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Fintech Alliance.PH Urges Enactment of Corporate Tax Incentives Bill
The Fintech Alliance.PH together with 43 other private business groups in the Philippines have expressed support for the Corporate Recovery and Tax Incentives for Enterprises (CREATE) bill and are pushing for its quick enactment into law. The groups urged the
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CIMB Philippines Doubles Customer Base to Over 3 Million
CIMB Bank Philippines had doubled its deposit customer base to exceed 3 million total banking customers with an 800% increase in deposits balance sheet, and 30% of these deposit customers claimed that CIMB was their first bank account. Amidst the
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DiskarTech Ranked as the Most Downloaded Finance App in 2020
DiskarTech, Rizal Commercial Banking Corporation’s (RCBC) virtual bank, has emerged as the Philippines’ number one finance app released in 2020 across distribution platforms in terms of downloads according to App Annie, global provider of mobile data and analytics. DiskarTech had
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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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GCash Inches Closer to Unicorn Status With $175 Million Capital Raise
Globe Fintech Innovations, Inc. (Mynt), the fintech arm of Globe Telecom and operator of e-wallet GCash, raised over $175 million in fresh capital and inches closer towards achieving unicorn status with a post-valuation close to the $1 billion mark. The
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GCash E-Wallet Hits PHP 1 Trillion in Transactions in 2020
Philippine mobile money wallet GCash has hit PHP 1 trillion in transactions for the year 2020, recording a 254% year-over-year (YoY) growth. Globe Fintech Innovations Inc. (Mynt), which operates GCash, is part of the portfolio companies of 917Ventures, the largest
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