Open Banking

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)

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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,

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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

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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,

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RCBC Rolls Out Open Banking Partnership With the Rural Bankers Association

The Rizal Commercial Banking Corporation (RCBC) has rolled out an enabling digitalisation initiative with a new partnership with the Rural Bankers Association of the Philippines (RBAP) for the SynerFi Open Finance Network. This move comes days after the Bangko Sentral

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Philippines Fintech Groups Pilots the Fintech Industry Sandbox

The Fintech Alliance.PH and Fintech Philippines Association (FPH) introduced the Philippines Fintech Industry Sandbox pilot which was first announced during the Singapore Fintech Festival 2020. The sandbox pilot initiative is supported by the UK’s ASEAN Economic Reform Programme (ASEAN ERP)

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EastWest’s Digital Bank Komo Taps Brankas for Instant in-App Deposits

Komo, a digital banking service created by EastWest Bank, has partnered with open banking solution provider Brankas to enable instant in-app deposits. With this partnership, Komo users can now instantly top-up their balance directly from the app. In order to

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A Glance at the Philippines’ Open Banking Strategy

Open banking is at the core of enabling innovation within the financial sector, while the private sector often rolls out its own initiatives, it is important for regulators to have a cohesive strategy for open banking to truly thrive. What

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Plans for the Launch of Philippines Fintech Sandbox Are Underway

The two Philippines fintech groups, Fintech Alliance.PH and Fintech Philippines Association, announce plans to collaborate on the launch of the Philippines Fintech Industry Sandbox which is supported by the UK Prosperity Fund ASEAN Economic Reform Programme (ASEAN ERP). The initiative

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RCBC Becomes the Latest Addition to the ASEAN Financial Innovation Network

The ASEAN Financial Innovation Network (AFIN) has announced the inclusion of Rizal Commercial Banking Corporation (RCBC) among the four new members of the API Exchange during the Singapore FinTech Festival 2020. AFIN was established as a non-profit organisation in 2018

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