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Fintech oversight to be strengthened

Regulators have signed a memorandum of agreement to strengthen the compliance of financial technology companies with cybersecurity, anti-money laundering, financing of terrorism and consumer protection, according to the Bangko Sentral ng Pilipinas......»»

Category: financeSource: philstar philstarFeb 24th, 2021

UK fintechs seek cure for Brexit in Lithuania

Thanks in part to Brexit, Lithuania is becoming a fintech hub as a growing number of UK-linked digital financial companies are getting licences there so they can continue to operate in the European Union......»»

Category: techSource:  thestandardRelated NewsFeb 21st, 2021

Cashalo assures users of data safety despite breach

Fintech platform Cashalo, a joint venture of Gokongwei-owned JG Summit Holdings via Express Holdings Inc. and Oriente assured clients that their accounts and passwords have not been compromised after a data breach two years ago......»»

Category: financeSource:  philstarRelated NewsFeb 20th, 2021

Filipinos Leaned to Embrace FinTech Amid the Pandemic

Filipinos have further embraced digital transactions and the digitalization of payments amid the coronavirus disease 2019 (COVID-19) pandemic, which helped the country’s economy to still have activity albeit limited. According the data from Bangko Sentral ng Pilipinas (BSP), the volume of PESONEt transactions in 2020 grew by an enormous 376-percent year-on-year to 15.3 million last […].....»»

Category: sportsSource:  abscbnRelated NewsFeb 20th, 2021

Global Mobility Service is representative case in Asian Development Bank report

Global Mobility Service Inc., a Finance-Technology startup which provides IoT-based fintech services for financial inclusion to the world's 1.7 billion poor and low-income people who cannot afford to own a car, announced that its efforts have been featured in a report published by the Asian Development Bank titled “Asia Small and Medium-Sized Enterprise Monitor 2020—Volume III: Thematic Chapter—Fintech Loans to Tricycle Drivers in the Philippines”.....»»

Category: techSource:  thestandardRelated NewsFeb 19th, 2021

Greenergy ventures into fintech service

Aleta Planet, a Singapore-based member of UnionPay International, is eyeing Greenergy Holdings Inc. as its Philippine partner for the issuance of virtual cards as well as the provision of cross-border money remittance services......»»

Category: newsSource:  philstarRelated NewsFeb 19th, 2021

Global Mobility Service selected as representative case in Asian Development Bank report

Global Mobility Service Inc., a Finance-Technology startup which provides IoT-based fintech services for financial inclusion to the world's 1.7 billion poor and low-income people who cannot afford to own a car, announced that its efforts have been featured in a report published by the Asian Development Bank titled “Asia Small and Medium-Sized Enterprise Monitor 2020---Volume III: Thematic Chapter---Fintech Loans to Tricycle Drivers in the Philippines”.....»»

Category: techSource:  thestandardRelated NewsFeb 18th, 2021

House panel to look into SSS finances amid call to suspend hike in contributions

"Congress has strengthened and continues to strengthen the SSS for the purpose of aiding the firm to attain its main objectives as set forth in the law and the agency’s implementing rules and regulations," Singson said in his statement......»»

Category: newsSource:  philstarRelated NewsFeb 14th, 2021

Nestlé Inks Partnerships with DepEd-7 For Health and Wellness Program in Public Schools

Nestlé Philippines strengthened its partnership with the Department of Education-Region 7 (DepEd- 7) by signing a Memorandum of Agreement (MOA) to support public elementary schools through the Nestlé Wellness Campus, an advocacy program that highlights the importance of teaching healthy habits to young Filipino students. “While we have been greatly affected by the COVID-19 pandemic, […].....»»

Category: newsSource:  metrocebuRelated NewsFeb 12th, 2021

Colder days ahead due to amihan

The northeast monsoon or amihan has strengthened and is expected to continue to bring cold weather over most parts of the country, particularly in northeastern Luzon......»»

Category: newsSource:  philstarRelated NewsJan 30th, 2021

PH cases of UK COVID-19 variant rise to 17

By ANALOU DE VERA The total number of confirmed cases of the B.1.1.7 variant of the COVID-19 virus (United Kingdom variant) in the country has increased to 17, the Department of Health (DoH) announced Friday night. “Following strengthened biosurveillance activities amid the detection of the first B.1.1.7 variant in the country last Jan. 13, the […].....»»

Category: newsSource:  tempoRelated NewsJan 23rd, 2021

Palace looks forward to continuing partnership with US

Malacañang is confident that the Philippines and the United States’ diplomatic relations will be strengthened further during the term of President Joe Biden......»»

Category: newsSource:  philstarRelated NewsJan 21st, 2021

MNLF declares Abu Sayyaf persona non grata

The Moro National Liberation Front has strengthened its resolve to prevent terrorists from seeking refuge in its areas as it signed a covenant with the police, military and municipal government of Kalingalang Caluang town in Sulu declaring Abu Sayyaf bandits as persona non grata......»»

Category: newsSource:  philstarRelated NewsJan 20th, 2021

Senators deny preference for Pfizer jabs, stress oversight function after Duterte lashes out

Senators on Tuesday denied holding a bias toward any vaccine brand, saying instead that they are concerned with the safety, efficacy, pricing, and availability of the badly needed jabs......»»

Category: newsSource:  philstarRelated NewsJan 19th, 2021

Cebu Exchange bolsters reputation as country’s largest multi-certified sustainable office with WELL™ certification

With its approximately 11 hectares of gross floor area, Cebu Exchange strengthened its claim as the largest multi-certified sustainable office tower in the Philippines after being Pre-Certified under the International WELL Building Institute’s prestigious WELL Building Standard™ last December 2020. It currently stands as the largest Pre-Certified WELL™ building in the Philippines and the first […] The post Cebu Exchange bolsters reputation as country’s largest multi-certified sustainable office with WELL™ certification appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsJan 19th, 2021

China to donate 500,000 doses of COVID-19 vaccines to PH — Palace

Malacañang said Saturday that the Chinese government will donate 500,000 doses of COVID-19 vaccines to the Philippines as the two countries reaffirmed ties and cooperation against the pandemic. Chinese State Counselor and Foreign Minister Wang Yi (DFA OFFICIAL TWITTER ACCOUNT/ MANILA BULLETIN) The Office of the President (OP) made the statement as Chinese State Councilor and Foreign Affairs Minister Wang Yi made a 40-minute courtesy call to President Duterte in Malacañang Saturday. In a statement, the OP said that Wang assured Duterte of China’s commitment to support the Philippines’ efforts to combat COVID-19, a disease that originated in Wuhan, China. “He (Wang) announced that China will donate 500,000 doses of COVID-19 vaccine to the Philippines. He likewise affirmed China’s resolve to do everything to ensure that vaccines become a global good,” Malacañang said. According to Malacañang, Duterte lauded the continued high-level engagement between the Philippines and China even amid the pandemic and stressed the importance of both sides delivering on the promises of the Comprehensive Strategic Cooperation. Duterte stressed that cooperation on public health must be strengthened, particularly access to safe and effective vaccines, to safeguard the health of the people and in order to hasten the economic recovery of both nations and their neighboring countries. “The recovery of nations… sits on the back of stronger economies,” Duterte told Wang. “China plays a very key role in reviving our region’s economy. Let us do all we can to revive economic activities between the Philippines and China,” he added. Malacañang said that Duterte thanked China for its continuing support and cooperation in the country’s fight against COVID-19 in terms of medical equipment and supplies and sharing of experiences and expertise as well as in the repatriation of Filipinos. Economic cooperation Wang declared that China will continue to support the Philippines’ recovery through enhanced economic cooperation. He likewise reiterated his country’s determination to complete pending infrastructure projects. The Palace said that Wang underscored China’s commitment under President Xi Jinping to work closely with the Philippines to sustain the positive trajectory of the valued and special bilateral relations. At the start of his presidency in 2016, Duterte has expressed his desire to build stronger relations with China — even temporarily setting aside the country’s victory over the West Philippine Sea in The Hague to make it happen......»»

Category: newsSource:  mb.com.phRelated NewsJan 17th, 2021

Fintech helps transform Philippines into a cash-lite economy

Financial technology firm Zybi Tech Inc. is further expanding its digital services amid a shift in consumer behavior due to the COVID-19 pandemic......»»

Category: financeSource:  philstarRelated NewsJan 9th, 2021

GCash operator raises $175 million via equity fund

Globe Fintech Innovations Inc, the operator of mobile wallet GCash and the fintech arm of Globe Telecom Inc., has raised over $175 million in fresh capital through an investment from New York-based investment firm Bow Wave Capital Management......»»

Category: financeSource:  philstarRelated NewsJan 9th, 2021

India firms seek prospects in fintech, infrastructure sectors

India is exploring opportunities for economic cooperation and investments in the Philippines, particularly in the fields of financial technology and infrastructure, according to the Department of Finance......»»

Category: financeSource:  philstarRelated NewsJan 8th, 2021

Using fintech to benefit the unbanked

Without doubt, new and improved financial technologies many spawned by the pandemic-induced quarantine restrictions are bringing more unbanked Filipinos into the realm of digital banking, and more importantly, digital payment transactions......»»

Category: financeSource:  philstarRelated NewsJan 4th, 2021

Fintech firms take the green route

Financial technology companies are seen shifting focus to climate change through the reduction of carbon footprint this year as the country recovers from the impact of the COVID-19 pandemic......»»

Category: newsSource:  philstarRelated NewsJan 2nd, 2021