AI in Philippine banking: Embracing innovation amid challenges
AS THE COUNTRY embraces the digital revolution, the use of artificial intelligence (AI) in its banking operations shows significant advancements for the country.
AFASA: A milestone in cybersecurity for Philippine banking
IT’S ONE SMALL STEP for the central bank, and one giant leap for the Philippine banking industry.
BSP’s consumer redress standards to build trust in digital payments
BY THE END of 2023, after the initial surge of digital payment options during the COVID-19 pandemic, the Philippines achieved its goal of digitizing half of all retail payments in the country.
US elections, rate cuts, RRR reduction rock the markets in Q3
UNITED STATES presidential elections, policy rate cuts, and reserve requirement ratio’s (RRR) reduction rocked the Philippines’ financial markets in the third quarter.
Listed banks rise in Q3
LISTED BANKS rose in the third quarter propelled by higher loan growth thanks to cheaper borrowing costs that boosted net interest income.
Digital banks: Teaching the old banks new tricks
On Nov. 26, 2020, the Bangko Sentral ng Pilipinas (BSP) introduced its Digital Banking Framework as part of its Digital Banking Transformation Roadmap — an initiative to a safe and secure digital payments ecosystem in the Philippines — with the objective of reinforcing consumer preference for digital payment options and increasing the availability of digital financial products and services.
BNPLs: Tapping the potential of un(der)banked young Filipinos
THE financial technology (fintech) scene in the Philippines has been booming with growth as more consumers turning to digital payment platforms to manage funds and avail financial services.
Geopolitical tensions, policy decisions stoked volatility in markets in second quarter
GEOPOLITICAL TENSIONS, climate transition, inflation and various economic developments have led to volatility of the country’s financial market performance in the second quarter.
Loan growth expansion propelled bank stocks in Q2
By Charles Worren E. Laureta
LISTED BANKS grew in the second quarter as bank lending continued to grow despite high interest rates.
Loans might even grow...
Why (some) Filipinos cling to online lenders
NOT ALL are qualified for bank loans.
BSP draft framework: User protection through risk supervision
AMIDST the rise in online financial crimes, the Bangko Sentral ng Pilipinas (BSP) taps into heightened consumer protection through a draft framework that mitigates risks posed by BSP-supervised entities (BSI).
Leveraging UnionBank’s legacy: A Q&A with UnionDigital Bank
UNION BANK of the Philippines (UnionBank) was the first listed bank in the country which secured a digital banking license for its unit, UnionDigital Bank, two years ago.