Various
ING Set to Shutter Its Philippines’ Retail Banking Business Before the Year Ends
ING announced that it will leave the retail banking market in the Philippines before the end of 2022. It will, however, continue to invest in its wholesale banking business and global shared services operations in the Philippines. According to ING,
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BSP Names Bernadette Romulo-Puyat as New Deputy Governor
The Bangko Sentral ng Pilipinas (BSP) has named Bernadette Romulo-Puyat as its newest Deputy Governor (DG) who will be assuming office today. Sec. Romulo-Puyat will be the fifth DG of the BSP, joining DG Francisco Dakila Jr. of the Monetary
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UnionBank Enhances Its Supply Chain Financing Solution for MSMEs
The Union Bank of the Philippines has digitally transformed and strengthened its Supply Chain Finance (SCF) solution platform to mitigate the losses endured by micro, small and medium enterprises (MSMEs). The solution also aims to simplify operations and financial management
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RCBC’s Digital Platforms Record 205% Jump in Revenues
Rizal Commercial Banking Corporation (RCBC) announced that it witnessed a 205 percent increase in revenue for its three digital platforms as of end March 2022 versus same period last year. With 69 percent of its user base located across all
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Philippine Airlines Partners Pine Labs’ Qwikcilver for E-Gift Card Programme
Qwikcilver, a subsidiary of Pine Labs and provider of end-to-end gifting solutions, has partnered with Philippine Airlines (PAL) for its e-gift card programme. Designed in collaboration with travel technology company Amadeus, this programme will assist PAL to further enhance the
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Year End Message to Our Readers – Offline From 23rd December to the 2nd January
Fintech News Philippines would like to take this opportunity to wish all our readers a Merry Christmas and a very Happy New Year. We will be taking a break from the 23rd December 2021 to the 2nd January 2022. Until
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Philippines’ New Generation of Startups Will Boost E-Commerce and Fintech
The Philippines is entering its third generation of startups, building on the groundwork laid by early tech pioneers and innovators during the past two decades. This new generation of startups are now thriving on the back of government support and
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Fintech Alliance.PH Inks Agreement With the Anti Money Laundering Council
The Fintech Alliance.PH announced that it has signed the Information Sharing Protocol (ISP) with the Anti-Money Laundering Council (AMLC) to bolster the fight against money laundering and terrorism financing in the country. The AMLC is the Philippines’ Financial Intelligence Unit
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RCBC’s Lito Villanueva Named Chief Innovation Officer of the Year
The London-based Financial Times-owned international monthly publication “The Banker” has named Rizal Commercial Banking Corporation’s (RCBC) Lito Villanueva as the Chief Innovation Officer of the Year at the Innovation in Digital Banking Awards 2021. The award is organised by The
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Philippines’ SEC Creates New Fintech Innovation Office
The Securities and Exchange Commission (SEC) has launched the PhiliFintech Innovation Office (PIO) which will focus on the fintech regulations in the country. Launched under the Corporate Governance and Finance Department (CGFD) his move aims to further promote financial inclusion
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