RCBC sees increased credit card usage
RIZAL COMMERCIAL Banking Corp. (RCBC) saw increased use of credit cards among its clients leading up to the holidays, showing sustained consumer confidence and...
Security Bank taps WIZ.AI for customer engagement
SECURITY BANK Corp. has tapped Singapore-based technology firm WIZ.AI to introduce human-like conversational artificial intelligence (AI) to improve its customer engagement efforts.
This partnership, which...
Appetite for PHL bonds stays strong despite corruption concerns – nat’l treasurer
THE Bureau of the Treasury (BTr) said appetite for Philippine government securities (GS) remains upbeat, even as capital markets have seen volatility due to...
PHL card payments seen growing to P4.2 trillion
CARD PAYMENTS in the Philippines are expected to grow to P4.2 trillion this year, driven by sustained financial inclusion efforts and improved infrastructure, according...
Credit growth to pick up with AI-enabled lending
THE USE of artificial intelligence (AI) in lending processes could accelerate Philippine banks’ credit growth to 15-18%, according to financial technology (fintech) company Intellect...
Bank deposits reach over P21 trillion at end-September
DEPOSITS in Philippine banks went up by 7.55% year on year to P21.059 trillion as of September from P19.581 trillion a year ago, based...
Philippines’ tokenized-asset market to expand further
THE PHILIPPINES could become a “tokenized-first” capital market amid the rising adoption of digital wallets, with assets having the potential to reach $60 billion...
Peso strengthens on Fed easing view
THE PESO appreciated against the dollar on Thursday amid growing expectations of a rate cut by the US Federal Reserve next month.
The local unit...
EU agrees on rules for online fraud protection
BRUSSELS — European Union (EU) member states and the European Parliament have agreed on new rules to force banks and other payment service providers...
EastWest to increase tech spend
EAST WEST Banking Corp. (EastWest Bank) plans to gradually increase its spending on technology next year to expand its online capabilities and improve its...
BDO raises $500M from dollar bonds
BDO UNIBANK, Inc. has raised $500 million from its sale of five-year dollar-denominated bonds that marked its return to the offshore debt market after...
BSP to release monthly consumer, business expectations surveys
THE BANGKO SENTRAL ng Pilipinas (BSP) is looking to release monthly versions of its consumer and business expectations surveys starting next year as part...