News

FinScore, the leading provider of alternative credit scoring solutions in the Philippines, is proud to announce the appointment of Angel Dimitrov as its new Chief Operating Officer (COO) and Country Manager. With a strong background in FinTech, Data Analytics, Credit Risk Assessment, and Fraud Prevention, Angel is set to drive FinScore’s continued growth and innovation…

NEWLY appointed Department of Information and Communications Technology (DICT) Secretary Henry Rhoel R. Aguda should prioritize boosting state transparency in handling data breaches affecting government agencies, according to a network of digital advocates.

President Ferdinand R. Marcos, Jr. last week named the former UnionDigital Bank president and chief executive officer as the agency’s new secretary to…

The country’s leading and largest digital industry association, Fintech Alliance PH, officially welcomed its newest members during an oath-taking ceremony led by Bangko Sentral ng Pilipinas (BSP) Deputy Governor Mamerto “Mert” Tangonan at the Digital Industry Caucus held on February 28 in Bonifacio Global City.

Seventeen (17) new members have become part of a dynamic…

Fintech Alliance PH executives led by founding chairman Lito Villanueva meet with BSP governor Eli Remolona and deputy governors Chuchi Fonacier and Mamerto Tangonan to present a 12-point agenda on digital finance, reinforcing their collaboration in driving financial inclusion and regulatory innovation.

The Fintech Alliance PH—representing over 130 companies responsible for more than 95% of retail…

MANILA, Philippines — President Ferdinand “Bongbong” R. Marcos Jr. has appointed digital technocrat Henry Rhoel Aguda as the new secretary of the Department of Information and Communications Technology (DICT).

He replaced Ivan Uy, who resigned from the post early this month.

Undersecretary for Special Concerns Paul Mercado then stepped in as the agency’s officer-in-charge while waiting…

FlexM Pte. Ltd., a global fintech conglomerate, has secured a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This milestone marks a significant expansion of FlexM’s regulated financial services, enabling the company to offer cross-border money transfer services to its customers in Singapore.

Established in 2015, FlexM has been at the forefront…

GCash is gearing up to launch its Tap-to-Pay feature in overseas markets, aiming to provide seamless transactions for Filipino travellers. This expansion, leveraging near-field communication (NFC) technology, is slated for rollout by the middle of the year, according to Oscar Reyes Jr., President and CEO of G-Xchange, the operator of GCash.

The Tap-to-Pay service, which allows…

MANILA, Philippines — Yuchengco-led Rizal Commercial Banking Corp. (RCBC) has teamed up with fintech company Cashmallow to introduce a cardless cash withdrawal service in the Philippines for travelers from South Korea and other countries.

The partnership also aims to enhance cross-border remittances, making money transfers faster and more cost-effective.

Cashmallow is a fintech company offering innovative global…

THE PHILIPPINE Deposit Insurance Corp. (PDIC) wants to introduce a risk-based assessment system to prevent banks from taking on too much leverage following the increase in the maximum deposit insurance coverage (MDIC).

“Presently, we only have one premium assessment, the flat rate assessment system, that applies to all banks, which is one-fifth of 1% of the…

There are only a few things in the world that are more costly than downtime.

Research indicates that large organisations can lose up to USD $9,000 per minute during system outages, with high-risk industries like finance and healthcare facing potential losses of over USD $5 million per hour if the problem persists.

Beyond financial repercussions, prolonged downtimes…