-
Mar 18 2024 Onboard to robust security protocol—FinTech Alliance.PH
By: Tribune
Source: tribuneThe leader of FinTech Alliance.PH has recently urged financial technology companies to be serious in onboarding intensive security protocols to protect its customers.
With the digital economy expanding rapidly and a growing number of Southeast Asians embracing digital finance and fintech solutions, Lito Villanueva, the Chief Innovations and Inclusion Officer of Rizal Commercial Banking…
-
Mar 14 2024 Breaking Down Digital Banking Products in the Philippines
By: FintechNews
Source: fintechnewsD
igital banking has swiftly expanded across Asia, notably achieving reasonable success in nations such as South Korea, China, and Japan. Within Southeast Asia’s digital banking sector, the Philippines joined Singapore as early adopters of digital bank products and services amid a surge in demand for digital transactions in the last few years, serving…
-
Mar 13 2024 6 Banks Revealed in Project Agila CBDC Pilot Concluding by End-2024
By: FintechNews
Source: fintechnewsI
n a recent press briefing, Deputy Governor Mamerto Tangonan disclosed that the Bangko Sentral ng Pilipinas (BSP) is poised to complete the trial phase of Project Agila, a wholesale Central Bank Digital Currency (CBDC) initiative, by the end of 2024.
The project aims to facilitate digital currency transactions among commercial banks and financial institutions…
-
Mar 11 2024 Maya Bank expanding client base, offerings
By: BusinessInquirer
Source: businessinquirer
MANILA, Philippines – The operator of Maya Bank, which has been increasing its client base and launching more financial products, is targeting to become profitable by next year—a no small feat for digital banks both here and abroad.Voyager Innovations Inc. CEO and founder Orlando Vea, in a recent press briefing, said they were…
-
Mar 08 2024 BSP: Only two of six PH digital banks are profitable
By: BusinessInquirer
Source: businessinquirerBangko Sentral ng Pilipinas Governor and Monetary Board Chair Eli Remolona, Jr. | PHOTO: Official facebook page of the Department of Finance.
MANILA, Philippines — Only two of the six digital banks in the country are profitable, with losses likely to persist in the medium term as the nascent industry continues to find the…
-
Mar 08 2024 Here Are the Licensed Cryptocurrency Exchanges in the Philippines
By: FintechNews
Source: fintechnewsI
n the Philippines, the fintech sector is developing at a rapid pace, fueled by booming digitalisation of the country’s payments, but also by the progressive stance towards cryptocurrency exchanges.
As the global cryptocurrency markets have endured waves of positive and negative effects, from prominent exchange collapses to the launch of Bitcoin ETFs backed by…
-
Mar 07 2024 PH banks tap Cisco to bolster cybersecurity skills
By: Inquirer
Source: inquirer
MANILA, Philippines — American multinational technology firm Cisco has partnered with the Bankers Association of the Philippines (BAP) to provide cybersecurity training to local industry professionals.Through Cisco’s digital acceleration campaign dubbed Ugnayan 2030, banking professionals from across 13 of the country’s leading banks completed courses under the training program developed by Cisco Networking…
-
Mar 06 2024 BSP to issue new guidelines for MSBs
By: Philstar
Source: philstarThe regulator has made available a draft circular on the proposed guidelines covering MSBs such as remittance transfer companies and money changers or foreign exchange dealers. Stakeholders are given until March 15 to comment on the proposed circular.
MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is finalizing a new regulatory framework for…
-
Mar 05 2024 ‘Globe bolsters security of SIM registration data’
Source: BusinessMiror
By: businessmirrorGlobe Telecom Inc. on Monday said it has completed major enhancements to its SIM registration channels, fortifying its commitment to customer identity protection initiatives.
Darius Delgado, Head of Globe’s Consumer Mobile Business, said Globe has implemented advanced encryption protocols to bolster the security of data transmitted during the registration process.
This crucial step ensures a…
-
Mar 04 2024 Coins.ph Achieves Record Trading Volume with Coins TradeDesk in Early 2024
By: FintechNews
Source: fintechnewsI
n a notable development at the outset of 2024, Coins.ph, the most established Bitcoin and cryptocurrency exchange market in the Philippines, announced that its service Coins TradeDesk has achieved a trading volume of over P8 billion in January alone.
Coins TradeDesk offers foreign exchange and cryptocurrency services to businesses, financial entities, and individuals of…