Fintechnews.PH picks every Friday for you the top 5 Fintech Philippines News of the week:
Here we go:
Fintech In The Philippines: What The Banks Are Doing?
Fintech companies, which are playing an increasingly important role in the Philippines’ financial services landscape, are to complement the products and services offered by banks, opening up growth areas to lenders to expand market reach. (Read more)
BSP is Closely Studying Financial Technology Sector
image: Bangko Sentral ng Pilipinas Facebook Page
The central bank is comfortable – for now – on how they monitor and assess the growth of Fintech or financial technology companies in the Philippines and are confident that they have rules appropriate for a variety of financial-related operations. (Read more)
Philippines: PawnHero bags $9.7m financing, partners PLDT fintech arm
Southeast Asia’s first digital pawn shop PawnHero has closed a $9.7 million (P500 million) financing deal with a Philippine investment bank even as it signed a partnership agreement with the fintech arm of telco giant PLDT. (Read more)
Philippines Central Bank Grants First Cryptocurrency Exchange Licenses
The central bank of the Philippines has granted licenses to two local bitcoin exchanges, according to reports. (Read more)
Slow Internet speed helping PHL fend off cyber felons
If there’s one benefit from slow speed of Internet in the Philippines, it could be that the country is less vulnerable to cyber attacks, according to a network security provider’s top executive. (Read more)
