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Jan 08 2024 BSP: Digital banks struggling with loan collections
By: BusinessInquirer
Source: businessinquirerThe Philippines’ nascent digital banks are “still struggling” with their online lending activities, Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. said, adding that the regulator is looking for ways to fix the problem. While the digital banks are “very successful” in raising deposits online, Remolona said at a forum last week…
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Jan 05 2024 Top 5 Fintech Trends in the Philippines That Will Shape the Space in 2024
By: FintechNews
Source: fintechnewsT
he financial technology landscape in the Philippines has undergone transformative changes in 2024, driven by dynamic innovations and an increasingly digital-savvy population. Today we delve into five of the top fintech trends in the Philippines shaping the nation’s financial sector, each backed by compelling insights.
Data indicates a significant shift in consumer behaviour, favouring… -
Jan 04 2024 Collections from BSP’s coin deposit machines reach P297.78 million
By: BusinessWorld
Source: businessworldBangko Sentral ng Plipinas Governor Felipe M. Medalla (left) and Robinsons Retail Holdings, Inc. President and Chief Executive Officer Robina Gokongwei-Pe (right) inspect the coin deposit machine located in Robinsons Place Ermita in Manila. — KEISHA B. TA-ASAN
THE VALUE of coins collected though the coin deposit machines (CoDMs) of the Bangko Sentral ng Pilipinas (BSP)…
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Jan 03 2024 Marcos wants Philippines out of FATF gray list
By: Philstar
Source: philstarMANILA, Philippines — The country should exit from the gray list of global anti-dirty money watchdog Financial Action Task Force (FATF) by October this year, President Marcos said yesterday, as he ordered the Anti-Money Laundering Council (AMLC) and concerned agencies to put measures in place to make this happen.
“We’ve directed the AMLC to…
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Dec 04 2023 Kenneth Stern Leaves Binance Amidst Regulatory Challenges in the Philippines
By: FintechNews
Source: fintechnewsKenneth Stern, the former General Manager of Binance in the Philippines, has officially parted ways with the company. This development follows an advisory by the Philippines’ Securities and Exchange Commission (SEC), which warned that Binance is not authorised to offer securities in the country and is not registered as a corporation there.
Kenneth Stern
Stern’s… -
Nov 18 2023 BSP COURTESY CALL_RE OATH OF TRUSTEES
BSP COURTESY CALL_RE OATH OF TRUSTEES
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Nov 17 2023 Interview with BSP Senior Assistant Governor Edna Villa
Pag meron tayong investments from abroad, lalaki ‘yung liquidity, ang opportunity para sa mga FinTech nito ay lalawak ng lalawak. ‘Pag lumawak itong mga ito in a safe, regulated environment, just what we want to happen in the BSP, magiging safe din,” Bangko Sentral ng Pilipinas (BSP) Senior Assistant Governor Edna Villa conveyed, reassuring the Philippines’…
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Nov 17 2023 Highlights of the SFF 2023 – Day 3
The Singapore FinTech Festival (SFF) 2023 concludes its much-anticipated event that gathered leaders and experts from the sectors of finance, technology and public policy worldwide — with the Philippines opening its biggest Country Pavilion — from November 15-17, 2023.
According to FinTech Alliance.PH Chairman Lito Villanueva, the Philippines’ participation to the festival ends on a high note…