Archive
Grab Philippines Slapped With Additional PHP 9 Million Fine for Delayed Refunds
The Philippine Competition Commission (PCC) has imposed another PHP 9 million (approximately US$160,000) fine on Grab Philippines for its failure to fully refund its customers more than three years after it was first ordered to do so. The latest fine
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LF Lending Services Modernizes Credit Scoring Process With FinScore’s Alternative Telco Data
Manila-based LF Lending Services is on the verge of digital transformation, starting with the integration of telco data into existing credit decisioning models. Unique insights from telco data allow LF Lending to predict repayment behaviors with improved speed and accuracy.
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13 Fintech Events in the Philippines to Attend in 2023
Adoption of digital financial services has risen substantially in the Philippines over the past years. As fintech and technology continue to revamp the Philippine financial landscape, we’ve curated a list of 13 upcoming fintech conferences and gatherings taking place this
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GCash Denies Hacking Claims, Adjusts Users’ Balance After Unauthorised Deductions
Philippines’ mobile wallet GCash set out to reassure its 81 million users that no funds have been lost from their app following multiple reports of unauthorised deductions from their personal accounts. Earlier reports said that close to PHP 37 million
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How Embedded Finance Is Revolutionising Financial Services in Southeast Asia
Embedded finance is a thriving trend that is rapidly changing the banking and financial services landscape in Southeast Asia. With around 290 million unbanked consumers in the region, embedded finance has the potential to help improve financial inclusion for those
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Philippines, Japan Launch Credit Risk Model for SMEs’ Creditworthiness
The Bangko Sentral ng Pilipinas (BSP) and the Japan International Cooperation Agency (JICA) have teamed up to launch the Credit Risk Database (CRD) Scoring Model, aimed at improving the creditworthiness assessment of small and medium-sized enterprises (SMEs) in the Philippines.
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SIM Registration Urged as 20% Risk Losing Access Digital Payments
The FinTech Alliance Philippines encourages mobile phone users to register their SIM cards in compliance with the nationwide SIM Registration Act (RA 11934). Unregistered SIM cards will be deactivated after July 26, 2023, potentially affecting 20 percent of mobile phone
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