Wealthtech

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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RePay Digital Solutions Formalizes Collaboration With UnionBank

RePay Digital Solutions formalized its new partnership with UnionBank Philippines to provide financial services for Filipinos in the local and international market. RePay is a digital wealth-building tool that is aimed first and foremost for Filipinos. Its mission is based

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Diokno Challenges the SEC to Ramp up Protection Efforts for Filipino Investors

Finance Secretary Benjamin Diokno calls for the continued efforts of the Securities and Exchange Commission (SEC) to ramp up investor protection in the Philippines. During a keynote at the SEC’s 86th Anniversary and Recognition Ceremony, Secretary Diokno acknowledged the role

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GCash to Launch In-App Stock Trading Service Next Year

Mobile wallet GCash has partnered with the Philippine Stock Exchange (PSE) and brokerage AB Capital Securities to launch its in-app stock trading feature GStocks. GCash aims to roll out the feature by year-end to select users followed by a nationwide

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UnionBank Partners With Avaloq to Innovate Its Wealth Management Platform

Unionbank of the Philippines announced that it has partnered with Swiss core banking solution provider Avaloq to transform its wealth management business. The Avaloq Core Platform aims to support UnionBank in offering its clients access to holistic wealth management services,

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Asset Manager ATRAM Taps additiv to Digitise Its Wealth Management Platform

ATRAM Trust Corporation (ATRAM), an independent asset and wealth manager in the Philippines, announced that it has signed a strategic partnership with global wealthtech platform provider additiv. The strategic partnership will enable ATRAM to digitise their wealth management platform that

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