Archive
RePay Digital Solutions Formalizes Collaboration With UnionBank
RePay Digital Solutions formalized its new partnership with UnionBank Philippines to provide financial services for Filipinos in the local and international market. RePay is a digital wealth-building tool that is aimed first and foremost for Filipinos. Its mission is based
Read More
Banks in the Philippines Face Fintech Threat, Warns McKinsey
Management consulting firm McKinsey & Co. has cautioned banks in the Philippines that they must adapt to the emerging and rapidly evolving landscape of digital finance or risk losing market share to emerging fintech providers. In a study entitled On
Read More
AWS and Mambu Share Their Guide to Cloud Migration for Incumbent Banks
In today’s rapidly evolving economic environment, businesses need to be able to adapt quickly to changing market and consumer demands. This is especially true for traditional banks and financial institutions experiencing pressure to offer the same level of agility as
Read More
Tonik Surpasses One Million Customers Since Launch
Philippines’ digital bank Tonik announced that it has onboarded over one million customers since its inception. Tonik said that its seamless onboarding process, wide range of financial products, and innovative services have played a significant role in driving its growth.
Read More
How Competitive Are Interests Rates Offered By Philippines’ Digital Banks?
In the Philippines, digital banking challengers are making competitive strides against traditional banks, luring customers with high-yield savings accounts and term deposit products that pay up to 10% per annum (p.a.). The figure represents more than double the national average
Read More
SEC Delays Releasing Philippines Digital Assets Framework in Wake of FTX
The Philippine Securities and Exchange Commission (SEC) has deferred the rollout of a new framework for digital assets, influenced by lessons learned from the fall of Bahamas-based cryptocurrency exchange, FTX, in late 2022. The SEC Chairperson, Emilio B. Aquino, expressed
Read More
Transforming the Future of Banking Through Cloud and Open-Source Technologies
The banking sector has undergone a significant transformation thanks to the introduction of cloud and open-source technologies. Previously, banks relied on legacy systems and proprietary software, resulting in operations being siloed, scalability being limited, and high costs. However, with the
Read More
UNO Digital Bank Partners with 1Sari to Empower Sari-Sari Stores
Philippines UNO Digital Bank has partnered with 1Sari Financing Corporation to support the growth of sari-sari store owners and micro-enterprises that play a crucial role in the country’s economy. These store owners face challenges in expanding due to a lack
Read More