Archive
Fintech Alliance.PH Welcomes the Appointment of Governor Eli Remolona
Fintech Alliance.PH, a collaboration amongst strategic players in the digital finance space operating in the Philippines, welcomes the appointment of Eli Remolona as the new Governor of the Bangko Sentral ng Pilipinas (BSP). The alliance said in a statement that
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Former BIS Banker Eli Remolona Appointed as New BSP Governor
Monetary Board member Eli Remolona has been appointed as the new Governor of the Bangko Sentral ng Pilipinas (BSP). He succeeds Felipe Medalla who has held the position for a one-year term. Prior to joining BSP, Remolona served as an
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BSP to Incentivise Sustainable Green Financing in the Philippines
The Bangko Sentral ng Pilipinas (BSP) intends to introduce further incentives to promote sustainable and green financing in the Philippines. These incentives, including an increased single borrower’s limit (SBL) and a zero reserve requirement rate, are part of the BSP’s
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The Philippines is Fertile Ground for Digital Banking Growth
Recognising the need to foster fintech innovation to achieve financial inclusion goals, regulators in the Philippines are laying the groundwork for digital financial services and digital-first business models, introducing new digital banking licenses, creating a real-time payments system, and establishing
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PETRONAS FutureTech 3.0 Shortlists 20 Local and Asia Pacific Startups
PETRONAS has announced the selection of 20 startups from across Asia Pacific to participate in the third edition of PETRONAS FutureTech, an intensive technology accelerator programme. The PETRONAS FutureTech 3.0, co-organised with StartupX, a Singapore-based innovation, venture and startup enabler,
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Philippines and India Ink MOU on Fintech Cooperation
The Philippines and India have signed a memorandum of understanding (MOU) to enhance fintech cooperation between both countries. The MOU was signed by Philippines’ Finance Secretary Benjamin E. Diokno and Ambassador of India to the Philippines Shambhu Santha Kumaran at
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FinScore Empowered Over 15 Million Underbanked Filipinos with Credit Scores
FinScore, a Philippines’ alternative credit scoring provider, has achieved a significant milestone by delivering 15 million total credit scores. This highlights the growing adoption of FinScore‘s services among banks and lending companies, as they strive to expand credit access for
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Pilon Raises Funds From Kaya Founders to Accelerate Filipino Expansion Plans
Pilon, a Singapore-headquartered fintech firm that offers cloud-based supply chain financing system, has secured a top-up round from Filipino venture firm Kaya Founders. The sum was not disclosed. The fintech had previously raised US$5.2 million in both debt and equity
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Purposeful Coexistence in Your Journey to a Digital Core
The costs and complexity of legacy banking technology have firmly established the need for financial institutions to modernise their systems. Banks must move away from legacy infrastructure that constrains innovation and prevents them from providing the real-time, personalised banking experiences
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Netbank Launches Solution to Ease Remittances to the Philippines
Netbank, a Banking as a Service (BaaS) platform, has launched a solution that allows international remittance companies to facilitate cross border payments into the Philippines. Through this new solution, Netbank provides a dedicated bank account for international remittance companies to
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