Virtual Banking

RCBC AI-backed DiskarTech App Amasses Over 5 Million Downloads

Rizal Commercial Banking Corp. (RCBC) has established itself as a key player in the Philippine banking space, with its consumer finance app, DiskarTech recently achieving over five million downloads. The DiskarTech app benefits from around 50 artificial intelligence models developed

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RCBC Pulz Empowers OFWs to Open Accounts with Foreign Mobile Numbers

The Rizal Commercial Banking Corporation’s (RCBC) recently launched banking app ‘RCBC Pulz’ has enabled Filipinos from around the world to establish bank accounts using any international mobile number. This initiative is specifically designed for the more than twelve million Overseas

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Uphill Climb for Philippines Digital Banks to Shift Banking Status Quo

In the Philippines, the emergence of digital challenger banks has been a promising development, particularly given the country’s significant unbanked population. Fitch Ratings observes that while these digital banks have seen rapid growth since their introduction, their overall market share

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OwnBank Expands Mobile Banking Services with High-Interest Savings Options

Since undergoing digital transformation in 2021, mobile banking platform OwnBank has been reintroduced in the Philippines market with several financial services within its app, including one of the highest savings interest rate in the market so far, of up to

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Oradian Champions Financial Inclusion at Scale in the Philippines

Oradian, a fintech company headquartered in Croatia, has made significant strides in enhancing accessibility in the financial sector, particularly in the Philippines. Recently, they played a prominent role in a panel discussion at the Singapore Fintech Festival, focusing on scalability

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GoTyme Bank and PayMongo Enable Easier Loan Access for Thousands of SMEs

Filipino digital bank GoTyme and payment gateway PayMongo have recently announced a partnership aimed at enhancing financial access for small and medium-sized enterprises (SMEs). This collaboration is set to allow thousands of SMEs in the PayMongo merchant network to obtain

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Filipino Digital Bank Maya Taps TerraPay for Seamless Remittance

Payments infrastructure company TerraPay and Philippines’ digital bank Maya announced a strategic partnership at the Singapore Fintech Festival aimed at improving international remittances for Filipinos worldwide. As part of this partnership, users of the Maya app will be able to

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Backbase’s ENGAGE Asia 2023 to Kick off in Bangkok This November

Banking leaders find themselves at that pivotal time of the year when they must strategise their transformation goals for the upcoming year. In Asia, digital banking has become ingrained in consumers’ lifestyles, evolving into a core expectation and a decisive

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UnionBank Invests PHP300M More in Digital Bank to Fuel Growth

Union Bank of the Philippines has invested an additional PHP 300 million into the UnionDigital Bank following the PHP 900 million funding in July this year, according to PhilStar Global. The bank had disclosed to the Philippine Stock Exchange of

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Tonik Rolls Out Insurance Product for Loan Borrowers

Philippines’ digital bank Tonik has tied up with life insurance company Sun Life Grepa Financial to launch Payhinga, an inclusive insurance product for loan borrowers. Payhinga will complement Tonik’s existing loan offerings and will be readily available to customers applying

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