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.
Inflation, El Niño, geopolitical tensions impacted markets in Q1
A MIXTURE of inflation, El Niño, and geopolitical tensions continued to rock the financial markets in the first quarter while analysts expect borrowing costs to come down in the latter half of the year.
Analysts upbeat on banks despite rate cut hopes
THE LISTED bank stocks picked up quarter-on-quarter in the first three months of the year as borrowing growth and improved net interest margins lifted...
Leveraging social media to promote financial literacy
SCROLLING THROUGH social media means more than merely about likes and shares today. It has become an instrument for financial literacy for many Filipinos.
Start ’em young: Bolstering financial literacy for the next generation
IN THE LATTER PART of 2023, Cagayan de Oro City Rep. Lordan G. Suan proposed House Bill (HB) No. 9162 or the Financial Literacy Education Bill to incorporate financial literacy into the senior high school education curriculum.
Saving for tomorrow: A Q&A with Lista
MONEY MANAGEMENT is not exactly a foreign concept to Filipinos but rising prices of goods and services recently has certainly made this very difficult.