Open Banking
additiv and SwissCham Philippines Explore Embedded Finance Partnership
In a recent engagement, Anurag Pandey, General Manager of additiv Asia Pacific, and Clarence Bondoc, Philippine Sales Director, met with representatives from SwissCham Philippines to discuss their concept of embedded finance. additiv, with a focus on enhancing brands and financial
Read More
Netbank Joins UBX’s Open Finance Platform
UBX, a UnionBank of the Philippines’ spin off that offers an open finance platform, has partnered with Netbank, a Philippines-based neobank that offers Banking-as-a-Service solutions, in a push for open and embedded finance. Through this partnership, Netbank is able to
Read More
Philippines Moves Closer to Open Finance Ambitions
The Bangko Sentral ng Pilipinas (BSP), backed by the International Finance Corporation (IFC) and the World Bank, has launched the Open Finance PH Pilot, moving a step closer towards its ambition to leverage open banking and data sharing to advance
Read More
Netbank Closes Series A Funding Round Led by Beenext
Netbank, a Philippines-based neobank that offers Banking-as-a-Service solutions, announced that it has closed its Series A funding round. The investment sum was not disclosed. The round was led by regional venture capital firm Beenext with participation from Kaya Founders and
Read More
MPT Mobility Taps Brankas to Enable Instant Toll Reloads via Bank Accounts
Open banking solution provider Brankas has announced a new integration that will allow MPT DriveHub app users in the Philippines to reload using their local bank accounts. MPT Mobility is a subsidiary and the innovations arm of Metro Pacific Tollways
Read More
BSP Seeks Public Feedback on Open Finance Pilot
The Bangko Sentral ng Pilipinas has requested feedback from financial institutions and third-party providers for the Open Finance Pilot in the country. The regulator aims to strengthen the development of open finance technical and operational standards and arrangements through this.
Read More
Tonik Taps Google Cloud to Build its Digital Bank
Philippines’ neobank Tonik announced that it is has built on Google Cloud’s advanced platform to deliver its financial services in just 10 months. The bank had leveraged Google Cloud’s expertise in scalable infrastructure, application programming interface (API) management, machine learning (ML)
Read More
Bangko Sentral Ng Pilipinas Launches Open Finance Framework
The Bangko Sentral ng Pilipinas (BSP) has formally launched the Open Finance Framework, which aims to promote collaborative partnerships and digital transformation as key enablers towards economic resilience and financial inclusion. Open Finance is the extension of data sharing principles,
Read More
Philippines’ Cantilan Bank Partners AFIN to Roll Out Mobile App for the Unbanked
Philippines rural bank Cantilan Bank (CANBNK) partnered the ASEAN Financial Innovation Network (AFIN) to launch its new mobile banking application “iCAN”. AFIN is a not-for-profit entity known for its open banking platform APIX and was established in 2018 by the
Read More
PERA HUB Join Forces With Brankas to Launch Digital Remittance Platform
Philippines’ financial services center PERA HUB has joined forces with Brankas, an Indonesian open API technology provider, to launch a digital remittance platform, PERA HUB Conex. The platform serves foreign and local remittance companies, fintech partners, banks, e-wallets, brick-and-mortar retailers,
Read More