How banks and financial institutions can & lsquo;get the edge& rsquo; with technology

Due to limited mobility amid lockdowns and community quarantines, the Philippines is experiencing a rise in online banking. Legacy banks are rapidly upgrading their online offerings and, several digital-only banks are announcing their plans to enter the market.  .....»»

Category: techSource: thestandard thestandardNov 25th, 2020

Alibaba Cloud unveils & lsquo;magic& rsquo; behind world& rsquo;s largest online shopping festival

Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, today revealed the cutting-edge technologies rolled out in support of the 2020 11.11 Global Shopping Festival......»»

Category: techSource:  thestandardRelated NewsNov 20th, 2020

Five fintech start-ups qualify for investment& nbsp;

Five start-ups that are building financial technology solutions have been chosen to receive equity-free investments and technical and business mentorship for one year under the ‘Fintech for Impact’ initiative of ING Bank and the United Nations Children's Fund......»»

Category: financeSource:  thestandardRelated NewsOct 14th, 2020

The low-key carnage of niche PH tech jobs

Financial services giant Wells Fargo, for one reason or another, broke the pattern of silence on the technology employment front. Employers of Filipino tech workers — whether these are technology companies, multinational banks and financial institutions or other service-oriented entities with global operations — usually cut jobs, announce so-called job “redundancies” and “retirements” under an atmosphere of silence. Wells […].....»»

Category: newsSource:  manilatimes_netRelated NewsFeb 23rd, 2020

Damian Lillard s creative identity highlighted in new sneaker

Manila, Philippines — All-Star, rapper, father, brother and son. Designed to embody all facets of Damian Lillard’s creativity and persona, adidas Basketball today officially unveils Dame 6. The latest edition of Dame’s signature line introduces a variety of energetic colorways, including “Ruthless” and “Hecklers,” which tell the story of Lillard’s dichotomy on-and-off the court.  “I come out to compete against people, but I don’t say a whole lot. I don’t talk trash, I just go at them every opportunity I get,” said Lillard. “There’s a way to go about it in life and in basketball, being compassionate and ruthless. It’s important to have both; I was raised that way.”  When it’s ‘Dame Time,’ Lillard is known for his tenacity. The first colorway in the collection features the word “Ruthless” proudly painted in bold script on the medial midsole. The black textile mesh upper, providing breathability, is highlighted with split hues of neon pink and green and accented with a black suede overlay on the toe box.  Drawing inspiration from Dame's ability to quiet the opposition when he knocks down a big shot in the clutch, the "Hecklers” pack is centered around four team colors and features a graphic print with zipped up emojis. Each colorway is designed with a “Get Dealt With" message and the final touch includes the word “Hecklers” strategically placed on the heel tab for all to see as Lillard walks off the court.  “Early in the design process, the many sides of Dame’s personality emerged during our conversations with Dame – he’s a leader, a family man, a businessman and more, but when he hits the court, a different side comes out,” explained Jimi Taylor, Senior Footwear Designer for adidas Basketball. “The silhouette embodies Dame’s multi-dimensional persona from both sides of the shoe. The outside speaks to Dame’s focus, while the interior peels back the layers to showcase the inner workings of the shoe and celebrates Dame’s ruthless mindset on the court.”  This is the first model in the Dame series to feature LIGHTSTRIKE technology, the super-light midsole that provides the perfect balance of lightweight cushioning and on-court responsiveness. LIGHTSTRIKE ensures enhanced full-length comfort, support and response – perfect for Lillard’s lethal combination of relentless drives to the hoop, or sudden step-back threes.  Crafted for a precision fit and lateral support, Dame 6 delivers a lock-down feel through an anatomical webbed lacing system. The comfortable, breathable upper is powered by a translucent outsole that emphasizes the new traction pattern, dynamic heel edge and rounded edges that have been designed for unparalleled traction and multidirectional movements.  Dame 6 “Ruthless” officially drops November 29, followed by “Hecklers” on January 18. Additional colorways will be announced at a later date, all available for P6,000 at and select retailers. Follow the conversation @adidashoops on Twitter and Instagram with #Dame6.  .....»»

Category: sportsSource:  abscbnRelated NewsDec 12th, 2019

LIVE: Senate hearing on looming increase in ATM fees

MANILA, Philippines – The Senate committee on banks, financial institutions, and currencies will conduct a probe into the looming automated teller machine (ATM) fees increase on Monday, September 23. The hearing will be conducted with the Senate panels on commerce and entrepreneurship, labor, science and technology, and ways and means. Senator Grace ........»»

Category: newsSource:  rapplerRelated NewsSep 23rd, 2019

Big data key to innovation, transformation in banking 

Information solutions provider TransUnion Philippines’ recent Big Data Summit tackled the rising power of big data in banking and its potential to transform businesses and manage the emerging difficulties brought about by technology. In particular, it emphasized big data’s capability to innovatively disrupt the industry and fuel its future. Banks and other financial institutions have everything […] The post Big data key to innovation, transformation in banking  appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsSep 18th, 2019

& lsquo;Reds recruiting in 18 big colleges& rsquo;

A senior military official identified Saturday top universities and colleges as among 18 learning institutions which are breeding grounds for anti-government communist recruitment......»»

Category: newsSource:  thestandardRelated NewsJan 23rd, 2021

Young Mindanao entrepreneurs roll out & lsquo;friendly& rsquo; delivery service

Two young entrepreneurs from the Siy Cha Group that grew its business out of Sultan Kudarat province are launching a Filipino-owned, technology-driven last-mile delivery service that aims to take advantage of the exponential growth of electronic commerce despite the quarantine restrictions imposed by authorities to contain the pandemic......»»

Category: financeSource:  thestandardRelated NewsJan 23rd, 2021

Finding love in the drama & lsquo;The Lost Recipe& rsquo;

For director Monti Parungao, The Lost Recipe, the fantasy-romance series airing tonight on GMA News TV, is a delectable visual masterpiece. Also, it’s a small screen project that banks on the interesting characters that the actors play with so much dedication and panache. .....»»

Category: entertainmentSource:  thestandardRelated NewsJan 18th, 2021

More borrowers join database, says CIC

More borrowers from lending and financing companies are being loaded into the database of Credit Information Corp. as the sector topped the most recent list of CIC’s financial institutions that are already submitting live or actual credit data of their borrowers......»»

Category: financeSource:  thestandardRelated NewsJan 3rd, 2021

BSP tells banks to maintain guard vs money laundering

The Bangko Sentral ng Pilipinas has directed banks and financial institutions to maintain a robust money laundering and terrorist financing risk management framework amid the rising threat of online sexual exploitation of children and related crimes......»»

Category: financeSource:  philstarRelated NewsDec 17th, 2020

Nium, Cebuana Lhuillier launch Quikz in Singapore to expand remittance capabilities for Filipino users

Quikz, Cebuana Lhuillier’s flagship mobile remittance app in the US, is now available in Singapore, made possible through a partnership between Cebuana Lhuillier and Nium, a global financial technology platform based in Singapore. Quikz will be powered by Nium’s trusted Remittance-as-a-service (RaaS) solution and Cebuana Lhuillier’s huge network of pay-out locations in the Philippines, allowing thousands of Filipinos based in Singapore to enjoy improved convenience, security, and real-time global transactions......»»

Category: techSource:  thestandardRelated NewsDec 16th, 2020

Bangko Sentral receives positive assessment on 27 out of 29 Basel core principles

The bank secrecy laws and the lack of power of the Bangko Sentral ng Pilipinas to supervise parent companies and their affiliate banks continue to present a hindrance to its effective supervision of financial institutions, according to a report by the International Monetary Fund and the World Bank......»»

Category: financeSource:  thestandardRelated NewsDec 6th, 2020

BSP tightens guard vs dirty money, terrorist financing

The Bangko Sentral ng Pilipinas has adopted a new money laundering and terrorist risk assessment framework for banks and other supervised financial institutions as part of efforts to avert the inclusion of the Philippines in the list of countries with massive sums of alleged dirty money by the Paris-based Financial Action Task Force......»»

Category: financeSource:  philstarRelated NewsNov 25th, 2020

Central banks of Philippines, Singapore to promote data connectivity

The Bangko Sentral ng Pilipinas (BSP) and the Monetary Authority of Singapore (MAS) has vowed to work together to promote data connectivity. In a joint statement issued on Monday, the BSP and MAS said banks and non-bank financial institutions under their jurisdiction will be allowed to transfer data, including personal information across borders by electronic […].....»»

Category: newsSource:  manilatimes_netRelated NewsNov 17th, 2020

6 ways 5G elevates modern smartphone experience

‘5G’ has recently become “the talk of the town” globally, with governments in many technologically-driven countries racing to become the first nation to fully adopt 5G technology—going as far as setting up dedicated taskforces to ensure a timely roll-out of the technology. .....»»

Category: techSource:  thestandardRelated NewsNov 13th, 2020

Senate OKs FIST Act to rescue economy

The Senate passed on third and final reading the other night the proposed Financial Institutions Strategic Transfer Act, which allows banks and similar institutions to unload bad debts and other non-performing assets that are reportedly on the rise due to the economic slowdown......»»

Category: newsSource:  philstarRelated NewsNov 11th, 2020

The government can afford a higher debt-to-GDP ratio

The ratio of a country’s debt to its gross domestic product is one of the figures upon which international financial institutions and credit rating agencies base the credit rating that they award to that country......»»

Category: newsSource:  thestandardRelated NewsNov 3rd, 2020

HK government appeals to WTO over & lsquo;Made in China& rsquo; label

Hong Kong authorities on Friday said they will launch proceedings at the World Trade Organization to challenge a demand by the United States to label imports from the financial hub as “Made in China”......»»

Category: newsSource:  inquirerRelated NewsOct 30th, 2020

Most Filipinos & lsquo;unhappy& rsquo; with transport solutions amid pandemic

More than half of Filipinos were “unhappy” with the government’s efforts to solve transportation concerns amid the COVID-19 pandemic, a study conducted by technology-driven polling and data analytics company agency WR Numero Research showed......»»

Category: financeSource:  thestandardRelated NewsOct 28th, 2020