Fintechnews.PH picks every Friday for you the top 5 Fintech Philippines News of the week:
Here we go:
Globe Exec Expects Fintech Unit to Rack Up Revenues in 10 Years
GLOBE Telecom Inc. President Ernest L. Cu admitted it may take a decade before the company’s financial-technology (fintech) subsidiary contributes a significant amount of revenues to the telco group, as it first needs to build critical mass in both user base and usage. (Read more)
UnionBank Launches 1st Fully Digital Bank Branch, The ARK
UnionBank has launched The ARK, the first fully digital bank branch in the Philippines. Using digital technology, The ARK by UnionBank delivers on its promise of a new digital platform experience in banking. (Read more)
Philippines Mulls ICO Regulations as Bitcoin Use Surges
A logo sits on the windows of the offices of La Maison du Bitcoin bank in Paris, France, on Thursday, Nov. 23, 2017. Photographer: Christophe Morin/Bloomberg
The Philippines is looking at regulating so-called initial coin offerings, as the use of cryptocurrencies gains ground in the Southeast Asian nation. (Read more)
FINTQ to Digitize Islamic Microfinance in Southern Philippines
Caption: FINTQ’s Lito Villanueva speaking at the 7th Global Islamic Microfinance Summit in Istanbul, Turkey
At the 7th Global Islamic Microfinance Summit in Istanbul, Turkey, FINTQ Managing Director Lito Villanueva noted that there is a need to push for an enabling framework for Islamic microfinance in the Philippines, in order to break down the barriers to digital financial access. (Read more)
BDO Gears Up for Seamless Services via Newer Technology
BDO Unibank, Inc., the country’s largest bank, will take on the challenge of the digital age by adopting newer technology to allow it to be more integrated in the lives of customers, making transactions and even decision-making easier and faster for them. (Read more)
