How e-wallets bridge the gap between banks and ‘boomers’
WILFRIDO T. GONZALES, a 74-year-old retiree, has no intention of using an electronic wallet (e-wallet) and is strongly against it. However, physically queuing and traveling to places have become quite a challenge for his day and age.
‘No one is perfect’: Inevitability of bank glitches
THE RECENT GLITCHES in the local banking sector brought significant concern to consumers amid increased enhancement of technologically advanced systems to serve consumers.
Empowering rural banks and microfinance through fintech: A Q&A with Oradian
THE GROWING financial technology (fintech) in the Philippines prompted the international software company, Oradian to enter the financial services industry in the country especially in upscaling digitalization efforts of the rural and thrift banks as well as microfinance institutions (MFIs).
High inflation, rate hikes drag financial markets; analysts wary of global recession fears
THE CENTRAL BANK’S monetary policy tightening to combat stubbornly high commodity prices dragged the domestic financial markets last year.
Bank stocks continue to rise amid aggressive interest rate hikes
Listed banks largely grew last year thanks to the central bank’s massive interest rate hikes that improved the lenders’ margins.
Getting your finances ready for the holidays
“IT’S MORE expensive now. Our grocery expenses before reach P1,500, it doubled now because of the price,” Kaye Nana, a self-employed mother of one, said during an interview, discussing her monthly expenses.
Cyber risks: protecting the bank’s credit rating
THE Philippines’ banking and financial sector has always been the target of criminals in the past decades. With the rapid shift to remote/hybrid working environment that prompted people to maximize its digital transactions, threats in the financial sector continue to grow at a faster pace.
Solving crimes in the financial landscape: A Q&A with Tookitaki
“REDEFINING financial crime compliance to make the world a better place.”
Rising interest rates rock financial markets in Q3
PESO DEPRECIATION, rising interest rates, and high inflation swayed financial markets in the Philippine landscape in the third quarter, indicating a gloomy outlook for the rest of the year.
Bank borrowing remains robust in Q3: Hefty rate hikes to be felt in 2023...
LISTED BANKS saw their loan books increase in the third quarter as the economy further reopened but analysts warned the massive rate hikes to curb multi-year high inflation could dampen this next year.
Why foreign banks exit the Philippines
MORE than two years since the coronavirus pandemic struck, the country’s banking system has not been left unscathed. Amid the geopolitical uncertainties, surging commodity prices, and rising interest rates, a couple of foreign banks opted to leave the country.
How can un(der)served Filipinos leverage debt
KAMILA O. PARAS, a 59-year-old local government unit employee, was one of the few Filipinos that got cold feet when it comes to credit.