Archive
RCBC’s New Digital Bank to Focus on Philippines’ Underserved Markets
The Board of Directors of the Rizal Commercial Banking Corp. (RCBC) has approved the creation of cloud-based digital bank with a rural bank license as disclosed with the Philippine Stock Exchange on Tuesday. Once regulatory approvals are secured, RCBC’s virtual
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Etiqa Introduces Vehicle Claims using Video Through E-Cleva
Etiqa announced today the launch of E-CLEVA which is short for Etiqa Claims Express Video Assist. The new video-assisted claims service allows for Etiqa’s motor surveyor to interact with the claimant directly and remotely via an audio-video call. In their
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Top 16 Fintech Events in the Philippines to Attend in 2020
With a population of over 100 million people and rising Internet and mobile penetration rates, the Philippines is poised to see its fintech industry boom. The sector has witnessed significant growth over the past couple of years on the back
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Standard Chartered Invests Further in Blockchain Trade Finance Platform Contour
Standard Chartered announced Tuesday its investment into Contour (formerly known as Voltron), a blockchain-based open industry platform that will initially focus on digitally creating, exchanging, approving and issuing Letters of Credit (LCs), following the full commercialisation of its offering and
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Singapore’s Payment Services Act Expands MAS’ Scope to Regulate Crypto Payments
The Monetary Authority of Singapore (MAS) today announced the commencement of the Payment Services Act (PS Act). The new PS Act will enhance the regulatory framework for payment services in Singapore, strengthen consumer protection and promote confidence in the use
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Australian Cryptocurrency Exchange Launches in Singapore
Australian based cryptocurrency exchange Independent Reserve announced the expansion of its services to Singapore and Asia Pacific. Citing positive moves by Singaporean regulators like the introduction of the Payments Services Act, its CEO and founder Adrian Przelozny felt that it
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London-Based CurrencyCloud Eyeing Singapore Office After Raising US$ 80 Million
London-based B2B cross-border payments platform Currencycloud announced that it has secured an additional US$ 80 million in funding. As part of its Series E funding round, Currencycloud received new backing from leading global institutions such as Visa, International Finance Corporation
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Philippine Banks ATM Fees Compared
Bank of the Philippine Islands (BPI), Banco de Oro (BDO), Rizal Commercial Banking Corporation (RCBC), Metrobank and the Philippine National Bank (PNB) and UnionBank of the Philippines are the six banks in the Philippines charging the lowest ATM fees, while
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Vietnam’s Mobile Payments Landscape Sees Strong Developments
Vietnam’s mobile payments landscape has continued to evolve on the back of strong growth and expansion coming from industry players, investment deals, and efforts by the government to establish a favorable environment for the industry to thrive. Vietnamese retailer Saigon
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Digital Banking Vendor Backbase Opens New APAC Headquarters in Singapore
Digital banking software provider, Backbase, has today announced the launch of its new regional headquarters in Singapore. Their regional centre in Singapore is intended to strengthen its footprint within the region to ensure greater proximity to their clients in Asia
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