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May 19 2021 
Nearly 1 Million Filipinos Signed up Online for National ID via Digital Registration
More than 800,000 have already signed up for the Philippine Identification System (PhilSys) via digital registration, according to the Philippine Statistics Authority (PSA).
The government is urging Filipinos to sign up for the Philippine identification (PhilID), the national ID, to eliminate inefficient and expensive process of securing physical documents.
Signed into law by President Rodrigo Duterte in August 2018,…
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May 19 2021 
UnionBank to Fully Migrate to AWS’ Cloud by 2022
Amazon Web Services (AWS), an Amazon.com company, announced that the Union Bank of the Philippines will migrate its IT infrastructure from on-premises to cloud by 2022.
The migration is intended to accelerate the bank’s digital transformation, improve customers’ digital banking experiences, and strengthen financial inclusion in the Philippines by bringing financial services to remote parts of the country.
UnionBank…
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May 19 2021 
SEC formally joins Asean CIS framework
WITH the recently concluded virtual signing of the Association of Southeast Asian Nations (Asean) Collective Investment Schemes (CIS) Framework last May 11, the Securities and Exchange Commission (SEC) Philippines has become the fourth signatory to be admitted to the Asean CIS Framework, through a signed supplemental memorandum of understanding between the Securities Commission Malaysia, the…
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May 19 2021 
RCBC sustains exponential growth in digital payments
Yuchengco-led Rizal Commercial Banking Corporation (RCBC) outpaced growth of digital payments in the country last March.
The value of InstaPay and PESONet fund transfers of RCBC Online and Mobile Banking app increased by 293% compared to figures in March 2020, which marks the start of community quarantine in the Philippines.
This is 109 percentage points higher than…
