Archive
Malaysia’s Creador Commits US$71.2 Million Investment to Grow Asialink Expansion
Creador, a private equity firm in Southeast Asia, has made a strategic investment of PHP4 billion (US$ 71.2 million) in Asialink Finance Corp., an online lending firm to the Philippine small and medium enterprise (SME) sector. This investment grants Creador
Read More
Salmon Introduces “Early Bird” Savings Scheme with 8.88% Interest Rate
Salmon has recently introduced its “early bird” savings scheme. The financial services company now operates a licensed bank, the Rural Bank of Sta. Rosa/Laguna, alongside a series of lending companies in the Philippines. This initiative offers Filipino consumers a notable
Read More
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.
Read More
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
Read More
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
Read More
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.
Read More
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
Read More
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.
Read More
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
Read More
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
Read More