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After successive awards received last year, the Rizal Commercial Banking Corporation (RCBC) bagged the 2021 Best Digital Bank of the Philippines. This according to London-based publication Business Tabloid.

The Yuchengco-led bank is the only Filipino company among the honorees in the Banking Awards. 

RCBC joins other winners from Bahrain, Sri Lanka, Kuwait, Egypt, Malaysia, and the United…

SB FINANCE CO., Inc., the joint venture consumer lending firm of Security Bank Corp. and Thailand’s Bank of Ayudhya (Krungsri), is set to beef up its digital capabilities as it seeks to attract more borrowers.

The company is awaiting regulatory approval for a capital infusion worth P3 billion, which will be used to boost its operations.

“That…

Rizal Commercial Banking Corp. (RCBC) has rolled out more client privileges that allow for better opportunities on deposits.

Through its premier banking offer, the Hexagon Club, depositors enjoy more rewards based on their deposit level. These include higher add-on rate on their short-term time deposit, better rates for an auto or a home loan facility, and…

Philippines neobank Tonik announced that it has raised US$17 million in a Pre-Series B funding round.

The round comes on the heels of Tonik’s public launch in March 2021, which saw it secure over US$20 million (1 billion pesos) in retail deposits in under 1 month.

Led by Singapore’s iGlobe Partners, the round featured participation from existing shareholders Sequoia…

As the Philippines begins awarding its first digital banking licenses, incumbents are gearing up for a new era in banking, ramping up their digital capabilities to address market shifts and changing customer expectations.

During a virtual panel discussion with Fintech News, experts from Bangko Sentral ng Pilipinas (BSP), Union Bank of the Philippines (UnionBank), Bank of the Philippine…