Archive
Mambu’s Finding Reveals Risks if Banks Do Not Evolve
Banking and financial services platform Mambu shares its “Reinventing Banks as Disruptors” whitepaper to help financial institutions get ready for the future of core banking. Technology is evolving faster than ever and it is becoming challenging for banks to continue
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PERA HUB Join Forces With Brankas to Launch Digital Remittance Platform
Philippines’ financial services center PERA HUB has joined forces with Brankas, an Indonesian open API technology provider, to launch a digital remittance platform, PERA HUB Conex. The platform serves foreign and local remittance companies, fintech partners, banks, e-wallets, brick-and-mortar retailers,
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BSP Will No Longer Be Accepting Digital Bank Applications
Bangko Sentral ng Pilipinas (BSP) announced that it will no longer be receiving applications for new digital banks including banks wanting to convert their status from 1st September 2021. Digital bank applications sent in to BSP until 31 August 2021
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Tonik Issues Numberless Physical Debit Card
Tonik, a Filipino digital bank that was recently licensed by the Bangko Sentral ng Pilipinas (BSP), has launched the physical debit cards for its clients. Customers can now order physical debit cards through the app, and use these cards at
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Crypto Exchange PDAX Bags US$12.5 Million in Fundraise Joined by Unionbank’s UBX
The Philippine Digital Asset Exchange (PDAX), a cryptocurrency exchange licensed by the Bangko Sentral ng Pilipinas, announced that it has raised US$12.5 million (₱ 630 million) in funding. The funding round was led by an unnamed UK-based venture capital firm.
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How to Prevent Promo Abuse Fraud From Damaging Your eCommerce Business
In this article, learn about what promo abuse fraud is and the steps you can take to prevent it from hurting your company’s bottom line. According to the most recent Association of Certified Fraud Examiners (ACFE) report, U.S. businesses lose
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Gokongwei-Tyme Partnership ‘GOtyme’ Clinches Fifth Digital Bank License From BSP
GOtyme, a partnership between Filipino conglomerate Gokongwei Group and Singapore-headquartered digital banking group Tyme, has secured the fifth digital bank license from the Bangko Sentral ng Pilipinas (BSP). GOtyme is expected to launch in the second quarter of 2022 and will
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UnionBank Offers in-App Western Union Remittance Service in Real-Time
Union Bank of the Philippines teams up with Western Union and its agent in the Philippines PERA HUB for a seamless and reliable way to receive remittances in real time through the bank’s app. Western Union has more than 550,000
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SB Finance Taps Finscore’s Telco Data-Powered Credit Scoring Solution
Consumer lending company SB Finance has partnered with FinScore to enhance its credit scoring efforts using alternative data. Security Bank Corporation and Bank of Ayudhya (Krungsri) in Thailand had previously entered a strategic partnership to form SB Finance which provides
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Manny Pacquiao Releases Limited Edition Digital Payments Card PacPay for Fans
Pac Technologies, a Singapore-based startup founded by boxing champion and senator Manny Pacquaio, has launched a limited edition digital card PacPay that is targeted at his fans. With PacPay, fans who subscribe to the digital card can deposit funds and
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