Various
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
Read More
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
Read More
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
Read More
RCBC to Set Up Digital Bank Following US$ 90.5 Million Investment by Japan’s SMBC
The Sumitomo Mitsui Financial Group (SMBC), a Japanese multinational banking and financial services institution, announced that it is set to acquire a 4.99% stake in the Rizal Commercial Banking Corporation (RCBC) in a deal worth US$90.5 million (JPY 10 billion).
Read More
RCBC’s Diskartech App Emerges as Filipinos’ Preferred Disbursement Platform
Rizal Commercial Banking Corporation’s (RCBC) financial inclusion super app DiskarTech is gaining ground as a preferred disbursement platform of Filipinos for social aid, loans proceeds, dividends, and other digital payments. Since the start of community quarantines in March 2020, RCBC
Read More
Intellicare Taps Unionbank to Open Digital ePaycard Accounts for Affiliated Doctors
Philippines’ health maintenance organisation (HMO) Asalus Corporation which operates under the trade name Intellicare, partnered with Union Bank of the Philippines for ePaycard Digital Account Opening (eDAO). This helps to speed up the disbursement of professional fees, benefits, and other
Read More
Nearly 1 Million Filipinos Signed up Online for National ID via Digital Registration
More than 800,000 have already signed up for the Philippine Identification System (PhilSys) via digital registration, according to the Philippine Statistics Authority (PSA). The government is urging Filipinos to sign up for the Philippine identification (PhilID), the national ID, to
Read More
Filipino Businesses Increase Investment in Digital Experiences, Customer Analytics
Businesses in the Philippines are investing in user-friendly digital experiences and improving customer analytics as they perceive customer experience and innovation as strategic imperatives and critical differentiators, according to findings of a new study by Oxford Economics, a global economic
Read More
CIMB Philippines Signed on Close to 4 Million Customers Within 2 Years of Launch
CIMB Bank Philippines announced that it has accumulated over 40 international awards and has signed up close to 4 million customers within just a little over 2 years from opening its digital doors in the country. International finance organisations have
Read More
Philippines and UK Inked MoU for Fintech and Green Finance Cooperation
Several Philippines agencies have signed a Memorandum of Understanding (MOU) with the British Embassy of Manila for the country’s participation in UK’s Prosperity Fund for the ASEAN Economic Reform Programme and ASEAN Low Carbon Energy Programme. The MOU formalises the
Read More