Digital Transformation
Tonik Strengthens Finastra Partnership as It Surpasses 1 Million Users
Philippines’ digital bank Tonik announced that it has renewed its partnership with financial services software and cloud solutions provider Finastra. Through this partnership, Finastra’s Essence core banking platform will continue to power Tonik’s end-to-end banking operations. Essence is cloud-enabled and
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Thought Machine’s Modern Core Enables Nikel to Close the Small Business Credit Gap
Thought Machine, a cloud-native banking technology company, has empowered Nikel, a fintech startup that unlocks credit for millions in Southeast Asia, to streamline its lending process and develop new products more quickly. Founded in 2018, Nikel which rebranded from Impact
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Huawei Cloud Finance Summit Philippines 2023 to Explore the Future of Finance
The Huawei Cloud Finance Summit Philippines 2023 is set to bridge the gap between traditional banks, fintech companies, and software partners to foster meaningful connections and drive collaboration this 31 August at Shangri-La The Fort, Manila. At this summit, participants
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Cebuana Lhuillier to Expand User Base to 11 Million in 5 Years with Temenos
Philippines rural bank Cebuana Lhuillier will be modernising its core banking platform through a partnership with banking software company Temenos. Cebuana Lhuillier Bank provides credit and savings accounts to individuals, micro, small and medium enterprises to grow their personal or
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Security Bank Invests 12.3% Revenue on Tech — Here’s How They Prioritise It
The digital age has ushered in a new era of banking efficiency, enabling financial institutions to connect with even the most remote segments of society. Faced with the challenges of modern technology and the demands of discerning customers, banks now
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Development Banks Driving Environmental Change Through Technology
Sustainability has emerged as one of the most pressing issues of our time and ESG is no longer just a nice-to-have. Nearly 90% finance executives surveyed in Hong Kong and Singapore by Finastra think it’s important for the financial services
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Mambu Benchmarking Marks New Era of Resilience and Growth For Lending, Neobanks
The world of business is no stranger to change. In recent years, the upheaval has been profound, sweeping across industries and borders. With the assistance of Mambu cloud-native SaaS platform and remarkable benchmarking data, financial businesses have found a way
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UnionBank Taps NCR’s ATM Solution to Transform Self-Service Banking
The Union Bank of the Philippines has picked NCR Corporation’s ATM as a Service solution to streamline its self-service banking operations. By transferring the maintenance and management of its ATM fleet, comprising over 400 ATMs, to NCR, the bank aims
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RCBC Rolls Out Its Latest Digital Banking App ‘RCBC Pulz’
The Rizal Commercial Banking Corporation (RCBC) announced the launch of its all-in-one banking app – RCBC Pulz. Customers can open an RCBC Pulz account without a minimum balance requirement. Through is digital concierge service, users will be able to deposit or
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Financial Inclusion in the Philippines: The Synergy of Fintech and Rural Banks
In the Philippines, financial inclusion remains a pressing issue, particularly in rural areas where access to financial services is limited. This lack of access can perpetuate a cycle of poverty that is difficult to overcome. The traditional rural banking sector
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