Fintech Alliance.Ph

During the recent virtual general membership meeting of the Fintech Alliance.ph, Alibaba Cloud was inducted as its newest member. Alibaba Cloud is the data intelligence backbone of Alibaba Group with more than 3 million customers worldwide. 

Alibaba Cloud, founded in 2009, is a global leader in cloud computing and artificial intelligence, providing services to thousands of…

Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno will lead the virtual launch of the Digital Personal Equity and Retirement Account (PERA) which will be broadcast live via the BSP’s Facebook page on September 8.

The initiative, which is carried out by BSP in collaboration with the Trust Officer Association of the Philippines, is themed,…

What can turn this coronavirus pandemic into a financial crisis? A populist legislation can, especially when it obliges all lenders to extend a yearlong grace period to all borrowers.

Section 3 of House Bill No. 6953—the so-called Bayanihan 2 bill—proposes that a 365-day moratorium on loan and interest payments be enforced in any area under any…

THE yearlong grace period for loan and interest payments proposed under the Bayanihan to Recover as One Act Part 2 or Bayanihan II may do more harm for both the financial institutions and borrowers than relief, a financial technology group said. In a position paper submitted to the bicameral committee on Tuesday, Fintech Alliance.ph said that…

Filipino fintech players can expect a boost from their regional counterparts as local trade association Fintech Alliance.ph inks a deal with the ASEAN Financial Innovation Network (AFIN). 

The two parties yesterday agreed in a signed memorandum of understanding to promote the use of API Exchange (APIX), an online fintech marketplace and sandbox platform developed by AFIN,…

Experience the Philippines’ first Taglish inclusion super app.

Rizal Commercial Banking Corporation (RCBC) has launched what they described as the country’s first all-in-one “Taglish” inclusion super app, DiskarTech. Taglish refers to the Philippine language Tagalog infused with American English terms that has been widely used by Filipinos locally and abroad. The app aims to provide sachet…

Fintech Alliance.ph, a coalition of fintech and digital companies, has tagged a proposed bill in the House of Representatives to tax electronic transactions as an “abortifacient” to the digital transformation of the country.

Lito Villanueva

“We fully understand that taxation is the lifeblood that sustains and nourishes every government,”

writes Lito Villanueva, chairman of Fintech Alliance.ph.

“But we are…

FinTechAlliance.ph held its We Bounce Forward Digital Forum on “Pump-Priming a Digital Economy Post COVID-19” with BSP Governor Benjamin E. Diokno for the keynote, together with key figures in the industry last Wednesday, May 20 (Wednesday) Live on Facebook.

The digital forum has been viewed 30,000 times as of this post

The central bank wants local financial technology (fintech) firms to play a bigger role in the new economy that will emerge from the coronavirus pandemic to include lending money on a retail basis—functions previously the exclusive domain of traditional financial institutions before the COVID-19 crisis.

Bangko Sentral ng Pilipinas Governor Benjamin Diokno said so-called fintech companies…

Last year, Manila was named one of the world’s friendliest cities in the world for fintech startups, and was recognized for its strong English-language skills and well-established outsourcing industries.

Fintech companies already compose 15% of Manila’s startups, according to Startup Genome’s Global Startup Ecosystem Report, and the market is expected to grow from about US$5.7 billion in 2018…