Wealthtech
UnionBank Investment Management and Trust Corp. Diversifies into Retail Sector
UnionBank Investment Management and Trust Corporation (UBIMTC), the standalone trust corporation of Union Bank of the Philippines, Inc., is set to expand its assets under management (AUMs) by broadening its client base and introducing new products tailored to retail investors.
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Metropolitan Bank Taps Temenos to Innovate its Wealth Management Services
Metropolitan Bank & Trust Co. (Metrobank), one of the Philippines’ major banks, has initiated a partnership with Temenos and Collaboration Betters the World (CBTW) to integrate Temenos Wealth into its services. This move aims to enhance Metrobank’s existing wealth management
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BPI Wealth AUM Surpasses P1 Trillion Mark, Sets Sights to Expand Offerings
BPI Wealth, the wealth management subsidiary of the Bank of the Philippine Islands (BPI), is preparing for a substantial increase in its assets under management (AUM) in the coming year, driven by a favourable economic environment and the introduction of
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GCash’s GStocks PH Spearheads Efforts to Diversify Filipino Investment Access
In light of forecasts predicting a rebound in the Philippine stock market in 2024, the financial application GCash has expanded its services to include GStocks PH, a stock investment feature developed in collaboration with AB Capital Securities Inc. (ABCSI) in
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Navigating 2024 Trends in Wealthtech and Wealth Management: A Southeast Asia Perspective
As we delve into the transformative landscape of WealthTech and Wealth Management, a keen focus on the geopolitical dynamics and technological advancements is essential for investors and industry players alike. Let’s explore the key trends shaping the WealthTech industry in
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The Key Factors Driving Wealthtech in the Philippines
The Philippines’ wealthtech sector, which somehow still remains at a nascent stage of development, is poised to witness strong growth in the mid- and long-term, driven by booming demand for digital financial services, growing wealth and economic development, and rising
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UnionBank Expands Wealth Management Services with New Launches
The Union Bank of the Philippines had recently introduced two new wealth management programmes, UnionBank Elite and UnionBank Access. These initiatives are part of UnionBank’s efforts to enhance its wealth management services for clients, utilising the capabilities acquired from its
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UnionBank to Roll Out In-App Bitcoin Trading for Users in Q4 2023
UnionBank of the Philippines is set to launch Bitcoin trading on its mobile app in the fourth quarter of 2023, having obtained a license from the Bangko Sentral ng Pilipinas (BSP) this month. The bank is said to be the
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SEC Allows Crowdfunding Portals to Act as Registrars of Qualified Buyers
The Philippines’ Securities and Exchange Commission (SEC) has allowed crowdfunding portals to act as registrars of qualified institutional and individual buyers. This means that crowdfunding intermediaries and funding portals will no longer be reliant on third party institutions to assist
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Plentina Financial Launches U.S. Robo-Advisory Platform for Global Wealth Building
Filipino-led US-based fintech Plentina Inc. announced that it will be piloting a new robo-advisory service ‘Plentina Wealth’ designed for underserved diasporas to build wealth. Its new U.S. subsidiary Plentina Financial Inc., a U.S. SEC-registered investment adviser, will initially look into
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