Tag "Overseas Filipino Bank (OFBank)"
Philippines Digital Banks Attracted US$700 Million So Far as Investors Interest Peaks
In a promising development for the standalone digital banks in the Philippines, more than US$700 million has been invested by both local and global investors, indicating robust growth in this emerging industry. As of the end of 2023, the number
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Breaking Down Digital Banking Products in the Philippines
Digital banking has swiftly expanded across Asia, notably achieving reasonable success in nations such as South Korea, China, and Japan. Within Southeast Asia’s digital banking sector, the Philippines joined Singapore as early adopters of digital bank products and services amid
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LANDBANK’s OFBank Eyes Introduction of Digital Loans
The Land Bank of the Philippines (LANDBANK), through its digital arm Overseas Filipino Bank (OFBank), is contemplating the introduction of digital loans. This initiative was revealed by LANDBANK President and Chief Executive Officer, Lynette V. Ortiz, at a recent central
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How 6 Licensed Digital Banks in the Philippines Have Progressed
In the dynamic landscape of the Philippine fintech sector, 2023 has emerged as a pivotal year, signifying the nation’s determined stride toward enhanced financial inclusion and digital transformation. Digital banking in the Philippines is progressively making its mark, with significant
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State-Owned OFBank Clinches Philippines’ First Digital Banking License
Overseas Filipino Bank (OFBank), a wholly owned subsidiary of the Land Bank of the Philippines (LANDBANK), has digital only bank to secure a license under Bangko Sentral ng Pilipinas (BSP)’s newly revised digital banking framework. OFBank was issued a digital
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Philippines Launches Overseas Filipino Bank, a Government Owned Digital Bank
The national government, spearheaded by the Department of Finance (DOF) and the Land Bank of the Philippines (LANDBANK), announced this week the launched the Overseas Filipino Bank (OFBank) as a digital-only bank that allows clients to complete bank transactions anytime
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State-Owned Overseas Filipino Bank to Become a Fully Digital Bank by 2020
The Overseas Filipino Bank (OFBank), a state-owned bank and a subsidiary of Land Bank of the Philippines, is planning to become a fully branchless, digital lender by mid-2020. Currently pending approval from the Bangko Sentral ng Pilipinas (BSP), the country’s
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