Digital Banking

PLDT Chief Manuel V. Pangilinan Says Maya IPO Not Likely Before 2026

Digital bank and e-wallet platform Maya is unlikely to undertake an initial public offering (IPO) in the next two years, according to the top executive of PLDT Inc. PLDT chairman and president Manuel V. Pangilinan stated that the idea of

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GoTyme and CICC Sign MoU to Strengthen Digital Security Measures

GoTyme Bank, a joint venture between the Gokongwei group of companies and the multi-country digital banking group Tyme, and the Cybercrime Investigation and Coordinating Center (CICC) have committed to enhancing their collaboration to bolster real-time safeguards against cybercrime amidst the

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Tonik Integrates Generative AI with ChatGPT for Enhanced Customer Interaction

Tonik claims to have become the first digital bank in the Philippines to integrate generative AI featuring ChatGPT into its operations, reflecting Tonik’s commitment to enhancing its digital banking services. “With Tonik experiencing significant growth, customer interaction surged by 2.5

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Maya and Landers Launch Joint Credit Card with Members-Only Rewards

Digital bank Maya Bank has announced its latest credit card collaboration with Landers, a membership-based supermarket chain in the Philippines. Early applicants approved by Maya will receive a fifty percent discount on Landers Premium Membership. The credit card will be

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SeaBank Philippines Achieves “1st Profitable Quarter” Amid 252% Surge in Q1 Net Income

SeaBank Philippines Inc. (A Rural Bank), a subsidiary of Sea Ltd., reported a significant increase in its net income for the first quarter of 2024, reaching P110.7 million. This represents a 252 percent rise from the same period in 2023,

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How Core Modernisation Is Paving the Way for Invisible Banking

In an era dominated by digital innovation, the banking sector is evolving rapidly to meet the modern consumer’s demands for seamless and integrated financial services. This movement towards “invisible banking” marks a departure from traditional banking practices, offering a glimpse

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GoTyme Bank Expands Payroll and Lending Reach with Acquisition of SAVii

GoTyme Bank, a rapidly growing financial institution in the Philippines, is poised to enhance its payroll-linked financial services with the recent acquisition of SAVii by GoTyme’s major stakeholders, Tyme and JG Summit. SAVii, founded in 2017 by CEO Liam Grealish

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Oradian Pioneers Next-Gen Financial Services with Local Flair in the Philippines

Oradian stands as an established technology partner within the Philippines’ thriving fintech landscape. For nearly a decade, this cloud-based core banking platform provider has anchored its Philippine operations in Makati, the bustling heart of Metro Manila’s financial district. Emphasizing the

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GoTyme On Track to Double User Base, Targets 10 Million Users in Four Years

GoTyme Bank Corp, backed by the Gokongwei group, is on track to surpass its initial five-year goal. by achieving a milestone of 10 million users within just four years instead of five as previously projected. Nathaniel Clarke, the digital bank’s

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Philippines Digital Banks Attracted US$700 Million So Far as Investors Interest Peaks

In a promising development for the standalone digital banks in the Philippines, more than US$700 million has been invested by both local and global investors, indicating robust growth in this emerging industry. As of the end of 2023, the number

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