-
Feb 07 2021 
PH launches first ‘digital concierge banking’ from RCBC
As the change in the way of banking and lifestyle evolve wherein more branchless banking transactions are now made available online due the fact that it is safe, fast, and convenient, the Rizal Commercial Banking Corporation (RCBC) deploys a “digital concierge” feature at the service of its web users 24/7 for its depositors.With this, the…
-
Feb 07 2021 
Fintech firm opens PHL-Canada remittance channel
FINANCIAL technology (fintech) player Telcoin Pte. Ltd. recently launched a digital remittance window—which leverages on its blockchain-supported platform—between Canada and the Philippines.
Telcoin teamed up with GCash, which is operated by Globe Fintech Innovations Inc. (Mynt), in offering the service. The mobile wallet service provider has more than 33 million users in the Philippines.
“The opening of…
-
Feb 07 2021 
‘Bayanihan 3’ bills filed, seen to revive economy
TO provide additional mechanisms to accelerate economic recovery, the leadership of the House of Representatives seeks the passage of P420 billion “Bayanihan to Arise As One Act” or the Bayanihan 3.
Speaker Lord Allan Jay Q. Velasco and Marikina Rep. Stella Luz A. Quimbo said they filed House Bill (HB) 8628 to further help stimulate the…
-
Feb 07 2021 
SEC rolls out tougher rules to fight money laundering
The Securities and Exchange Commission (SEC) is implementing stricter anti-money laundering measures in the stock market by requiring the disclosure of the identity of the beneficial owners of shares.
The new anti-money laundering rules are included in its SEC Memorandum Circular No. 1, Series of 2021, or the Guidelines in Preventing the Misuse of Corporations for…
