Archive

GoTyme Projects Doubling Customer Base to 5 Million, Unleashing New Products in 2024

GoTyme Bank is poised for considerable growth, with expectations to more than double its customer base by the conclusion of this year. This anticipated expansion is linked to the bank’s plans to introduce a broader range of products and services.

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Coins.ph Achieves Record Trading Volume with Coins TradeDesk in Early 2024

In a notable development at the outset of 2024, Coins.ph, the most established Bitcoin and cryptocurrency exchange market in the Philippines, announced that its service Coins TradeDesk has achieved a trading volume of over P8 billion in January alone. Coins

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ProCredit Secures US$4.1 Million in Funding to Boost Local SME Lending

ProCredit, a fintech enterprise specialising in loans for small and medium-sized enterprises (SMEs), has successfully raised US$4.1 million in a pre-seed funding round. This round was led by Integra Partners and saw contributions from the Menardo Jimenez Family Office, M

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BSP Endorses New Sustainable Finance Taxonomy to Guide Philippine Banks

Within the realm of sustainable finance in the country, the Monetary Board and the Bangko Sentral ng Pilipinas (BSP) have granted approval to the Philippine Sustainable Finance Taxonomy Guidelines (SFTG) for banking entities during its assembly on 14 February 2024.

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Helios Pioneers Solar Mortgage Programme to Introduce Affordable Sustainable Energy

Philippines startup Helios claims to have launched the first solar mortgage programme, marking a step towards transforming the local energy landscape. This initiative aims to facilitate Filipino households’ access to solar energy through affordable financing solutions, effectively reducing electricity bills

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SEC Issues Alert on Unregistered Investment Schemes by DigiVault Trading and Altstrade

The Securities and Exchange Commission (SEC) has issued a cautionary notice to the public regarding their dealings with DigiVault Trading and Altstrade, highlighting that these entities are not authorised to solicit investments due to lack of registration with the SEC.

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Bank of Makati is Leveraging Qlik for Data-Driven Customer Insight

Qlik revealed its collaboration with Bank of Makati Inc (BMI), the Philippines’ fifth-largest stand-alone thrift bank by assets, marking a step forward in utilising data to enhance financial services. The partnership focuses on employing Qlik Sense to streamline the process

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BSP, PDIC Sign MOA to Streamline Cooperation and Supervision of Bank Deposits

The Bangko Sentral ng Pilipinas (BSP) and the Philippine Deposit Insurance Corporation (PDIC) have updated their cooperative framework through the signing of a Revised Memorandum of Agreement (MOA) on Information Exchange. The event took place at the BSP headquarters in

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ADB Grants to Fund Digital Transformation for 9 Philippine Rural Banks

the Asian Development Bank (ADB) has allocated grants amounting to US$655,000 to support the digitalisation efforts of nine rural banks, plus a bank consortium in the Philippines. This financial assistance aims to facilitate these banks in adopting digital technologies to

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BPI Wealth AUM Surpasses P1 Trillion Mark, Sets Sights to Expand Offerings

BPI Wealth, the wealth management subsidiary of the Bank of the Philippine Islands (BPI), is preparing for a substantial increase in its assets under management (AUM) in the coming year, driven by a favourable economic environment and the introduction of

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