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Dec 12 2020 ASEAN Financial Innovation Network welcomes RCBC membership in API Exchange
The ASEAN Financial Innovation Network (AFIN) welcomed the inclusion of the country’s most innovative bank, RCBC among the four new members of the API Exchange of the ASEAN Financial Innovation Network (AFIN) during the Singapore FinTech Festival.
AFIN was established as a non-profit organization in 2018 by the ASEAN Bankers Association (ABA), International Finance Corporation (IFC),…
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Dec 12 2020 DigiBankASIA Taps Backbase for Its Prospective Digital Bank UNO
Backbase, a banking software provider, has been selected by DigiBankASIA to offer its full-stack digital engagement banking platform solution for its digital bank UNO.
Together with ecosystem partners Mambu and Amazon Web Services (AWS), Backbase is powering UNO to deliver a full spectrum of digital financial services for its initial launch in the Philippines.
Jouk Pleiter, CEO and Founder…
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Dec 10 2020 Slump to slash bank revenues, RCBC exec says
WITH the economy still slow to recover from the lockdown measures against an infectious virus, a bank executive believes financial intermediaries will continue to face challenges in the coming years, including revenue cuts.
Rizal Commercial Banking Corp. (RCBC) President and CEO Eugene S. Acevedo said that the current economic slump will still affect operations and financial…
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Dec 10 2020 RCBC sees prolonged virus hit
RIZAL COMMERCIAL Banking Corp. (RCBC) sees continued asset quality risks as the challenging environment may persist for both consumers and businesses in 2021.
“Consumer loans will grow slowly compared to the past years. Customers whose incomes have been affected have started to become more conservative and understandably so,” RCBC President and Chief Executive Officer Eugene S.…
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Dec 09 2020 Enacting CREATE into law to help PH economy recover
Trade officials believe that the enactment of the CREATE bill into law will usher the country’s economic recovery next year.
Department of Trade and Industry (DTI) Secretary Ramon Lopez said that as the government will continue to implement its recovery plan next year, signing the CREATE bill into law is vital as this defines the country’s…
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Dec 09 2020 BillEase Integrates Buy Now, Pay Later Solution With Leading E-Commerce Platforms
Philippines startup First Digital Finance Corporation (FDFC), announced its partnership with prominent e-commerce platforms Shopify, Magento, Prestashop, and WooCommerce to bring BillEase which is its “Buy Now, Pay Later” (BNPL) solution to online retailers in the Philippines.
Merchants that use any of these platforms can now easily integrate with BillEase and activate Pay Later, Pay in…
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Dec 08 2020 NTC: Internet service now 100% faster due to efforts to cut red tape
Local Internet service is now at least 100 percent faster than previous years amid the government’s efforts to cut red tape in the telecommunication sector.
The National Telecommunication Commission (NTC) hopes to continue this momentum by pushing for stiffer penalties erring telecommunication companies (telcos) and more government spending in infrastructures networks as the country’s internet speed…
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Dec 08 2020 Sustainable online livelihood awaits unemployed Filipinos as RCBC, Resellee join hand
Rizal Commercial Banking Corporation’s (RCBC) DiskarTech together with social ecommerce platform Resellee join forces in providing sustainable online livelihood to over 18 million unemployed Filipinos, and micro Small Medium Enterprises (mSMEs) affected by the COVID-19 pandemic.
In a recent Social Weather Survey (SWS), it was revealed that 36% of adult Filipinos believe their quality of lives…
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Dec 08 2020 Banks need to boost cybersecurity protocols to guard vs threats, attacks as clients shift online
FINANCIAL INSTITUTIONS need to continue boosting their guard against fraud and crimes as consumers shift towards online transactions amid the coronavirus pandemic, stakeholders said.
“With that surge of transactions, it is paramount to implement cybersecurity protocols to protect the institutions and most importantly, the customers,” Spark Perreras, chief executive officer and co-founder of financial technology firm…
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Dec 07 2020 PH remains one of the key players of FinTech in the region
As Fintech leadership moves to Asia, the Philippines has strong potential to emerge among its central players. This was one major analysis that surfaced at the first panel of the day entitled “Fintech Growth: Powering Up Cities, Communities, and The Entire Country.” Various industry leaders who spoke in the panel were Bangko Sentral ng Pilipinas (BSP)…