Rural banks turned digital banks: Boon or bane?
The Bangko Sentral ng Pilipinas (BSP) lifted the moratorium on new digital banking licenses this year, allowing 10 digital banks to operate in the...
Breaking banks to make them stronger: inside financial VAPT
FORGET STEEL VAULTS — today’s financial industry is built with code, and security is a high-stakes game of who finds the digital backdoor first.
HelloMoney: Making banking and financial services as easy as saying ‘hello’
“SAY HELLO to a Worry-Free Life!”
Rate cuts and US economic policy uncertainty fuel markets in Q4
US ECONOMIC POLICY uncertainties coupled with peso depreciation and policy rate cuts by both the US Federal Reserve and the Bangko Sentral ng Pilipinas...
Listed banks’ share prices fall in fourth quarter
BANK STOCKS struggled in the fourth quarter of 2024 as rate cuts coupled with rising inflation and developments abroad affect profit margins, analysts said.
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.