Philippines

eKYC to Fuel Asia’s Digital Banking Revolution

In Southeast Asia, governments are pushing for greater adoption of digital financial services by introducing favorable regulations on digital onboarding, digital banking, and more, experts said on December 3, 2020. During a virtual panel discussion with Fintech News last week,

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Razer Fintech Shifts Digital Banking Focus to Malaysia and Philippines

The Monetary Authority of Singapore announced last week the 4 entities who were awarded digital banking license. Digital banking hopeful Razer Fintech was not among the list. Responding to the announcement from MAS, Razer Fintech CEO, Lee Li Meng said

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Digibank Aspirant Selects Mambu for to Build its Digital Bank UNO in Philippines

DigiBankASIA, a Singapore-headquartered fintech currently building its digital bank dubbed as UNO, has selected cloud banking platform Mambu for its technology platform. The company has selected Philippines for UNO’s pilot launch and they said that they are currently working with

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MAS and Philippines Central Bank Commit to Promote Data Connectivity, Info Sharing

Bangko Sentral ng Pilipinas (BSP) and the Monetary Authority of Singapore (MAS) have committed to work together to promote data connectivity in financial services in a joint statement. Both regulators recognise that the ability to aggregate, store, process, and transmit

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Fintechnews.ph Launches Fintech Philippines Report and Map 2020

2019 saw a boom for the Philippines’ digital payments space, where e-money transactions jumped to 36% to reach PHP 760 billion in value, the strongest rise across all payments transaction types. E-money transactions growth surpassed credit card and debit card

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BPO Philippines – The Fintech Outsourcing Hub

If there’s one thing fintech companies can expect from the BPO industry in the Philippines, it’s the country’s talented workforce, which can perform the whole range of front- and backend-office support for financial services. After all, this island nation wasn’t

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Nearly 1.5M Underbanked Filipinos Onboarded With RCBC’s DiskarTech App

With over 2 million mobile app downloads in two months, Rizal Commercial Banking Corporation (RCBC) has pushed for digital adoption, recording more than 1.43 million new accounts onboarded digitally during the lockdown. An estimated 610,000 DiskarTech basic deposit account holders

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Insurtech Platform Igloo Lands Partnership With Union Bank and Akulaku for Micro-Insurance

Igloo, Singapore-headquartered insurtech firm, announced partnerships with Union Bank of the Philippines and Indonesia’s Akulaku to offer micro-insurance policies. Akulaku is one of Indonesia’s most well-funded fintech startups who is best known for their “buy now, pay later” service. Igloo

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Philippines’ RCBC and DTI To Enable Digital Payments For Micro-Businesses

Rizal Commercial Banking Corporation (RCBC) and the Department of Trade and Industry (DTI) has partnered to create DiskarTech’s NegosyanTech programme to digitalise community-based microenterprises in every barangay nationwide through partnership and ecosystem building. More than 1.3 million sari-sari stores (a

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