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The Bangko Sentral ng Pilipinas (BSP) is directing supervised financial institutions to phase out interceptable authentication methods, such as SMS and email one-time passwords, for high-risk transactions and move on to server-side biometrics authentication.
The Anti-Financial Account Scamming Act, which works under the BSP, officially recognises that the security biometrics authentication acts as a robust alternative to the older…

At the end of the day, every bank is in it to make a profit. Nobody signs up for the banking game planning to lose money.
But if you’ve been watching the digital-first banking scene across Southeast Asia, you’ll know that turning a profit has been more of a dream than a reality for most.

Just look…

Philippine National Bank (PNB) and Mastercard have formalised a partnership to accelerate the implementation of tokenised digital wallet payments in the Philippines.
This collaboration aims to update PNB’s payment infrastructure to improve transaction security and consumer convenience.

The technology, known as tokenisation, replaces a customer’s actual 16-digit card number with a unique digital token for each transaction.
This process reduces the…

Rizal Commercial Banking Corporation (RCBC) recorded an 11% increase in its net income for 2025, reaching PHP 10.6 billion (US$183.71 million), Asian Banking & Finance reported.
This financial growth was primarily fuelled by a 32% surge in net interest income alongside a 25% rise in service fees.

The Yuchengco-led financial institution attributed these improved figures to a broader, more…