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This Pinoy company is making an impact through financial technology
“We started by looking at transforming and [digitizing] rural banks. Along the way we discovered a number of pain points, one of which is how to improve their credit process.” Tapiador said......»»
BSP may cut big banks’ RRR to 5 percent
The Bangko Sentral ng Pilipinas (BSP) is looking at a significant reduction in the level of deposits banks are required to keep with the central bank after it starts cutting interest rates this year, its top official said......»»
More banks keen on green financing – BSP
More banks in the Philippines have expressed interest to finance green and sustainable projects in the country amid the need to fund efforts that would mitigate impacts of climate change......»»
Banks’ bad loans rise in February
The soured loans of Philippine banks picked up for the 14th straight month in February, bringing the gross non-performing loan ratio to a steady 3.44 percent, amid high interest rates......»»
Digital banks seen profitable in 5-7 years
Digital banks in the Philippines need five to seven years to become profitable, as only two out of six online lenders are doing well so far, according to the Bangko Sentral ng Pilipinas......»»
Philippines, German central banks partner on capacity-building
The central banks of the Philippines and Germany have formalized their partnership on capacity-building through the signing of a memorandum of understanding......»»
RCBC the best PH bank by network uptime, and UBP ranks at the bottom
Brankas, a Singapore-based fintech software and services provider, published its first annual ASEAN Bank Stability Report to measure the network uptime performance of ASEAN-region banks, and RCBC finished in the top spot among banks in the Philippines with an uptime of 98.3% (31 hours total downtime) including a stretch of seven months with zero downtime events......»»
‘Philippine banks to ride wave of robust economic growth’
The projected robust economic growth this year could shape up into a better year for Philippine banks, S&P Global Ratings said......»»
More groups to establish Islamic banks in Philippines
More groups are looking at establishing Islamic banks in the Philippines as the first branch of the new banking classification is expected to open soon, according to the Bangko Sentral ng Pilipinas......»»
BSP pursues reforms to modernize banks
The Bangko Sentral ng Pilipinas is pursuing policy reforms to modernize Philippine banks and ensure a sustainable, digital and inclusive banking future......»»
BSP onboards 1st nonbank electronic money issuer
The Bangko Sentral ng Pilipinas (BSP) achieved a significant milestone by welcoming OmniPay, Inc. as the first nonbank electronic money issuer (EMI) participant in its Real Time Gross Settlement (RTGS) payment system, PhilPaSSplus. This move aligns with the National Payment Systems Act and signifies a more inclusive national payment system, allowing nonbank financial institutions to conduct efficient and low-risk funds transfers directly through the central bank. Assistant Governor Mary Anne P. Lim emphasized the BSP's commitment to safeguarding the entire Peso RTGS payment system amidst global trends of diversified participation. With 236 institutions, including various banks and nonbank entities, utilizing PhilPaSSplus for large value transactions and retail payment clearing, the BSP's initiative reflects a broader trend of central banks facilitating direct access for nonbank entities to settlement services. This development comes as international standard-setting bodies work on access guidelines to manage risks in evolving payment systems with new players and financial technologies......»»
Anthony Jennings is on pace to be the next big thing
“Mama mo!” and “Nakatapak ka ng jackpot!” are some of the unlikely punchlines that have become memorable funny lines thrown by rising star Anthony Jennings in the hit Netflix and TV5 show “Can’t Buy Me Love.”.....»»
Philippine Onces can get chance to meet Twice in Manila
Fans of K-pop girl group Twice can get the chance to meet the group when they join a digital promo......»»
Landslide survivor: Where can I get my son’s death certificate?
MACO, Davao de Oro (MindaNews. 11 February) — Ten minutes before 10 a.m. on Sunday, Julius Sandolan, 36, mustered what’s left of his strength to go to the reception area of the Incident Command Post and ask in Cebuano: “Asa mangayo ug death certificate?” (Where can I get a death certificate?) Days after staring into […].....»»
Apolinario rises from knockdown to stop Thai, earns world title shot
Dave Apolinario lines himself up for a world title crack this year, but not after the pride of Maasim, Sarangani managed to survive the first knockdown of his career.....»»
Higher shipping costs loom as Red Sea route suspended
The suspension of Red Sea routes by major shipping lines because of the continued attacks of Iran-backed Houthi rebels in Yemen is expected to result in higher shipping rates and delay the trade of goods which may affect exporters from ecozones, the Philippine Economic Zone Authority said yesterday......»»
Connecting technology to national security
Just as states prioritize the defense of their territory and sovereignty from an outside power, so should they keep strong lines of defense in cyberspace......»»
BDO Life clients can now access their insurance policies online
BDO Life clients can now access their insurance policies online.....»»
Josh Cullen, Pinoy rapper Yuridope sanib-pwersa sa remix ng ‘Get Right’
MATAPOS maging hit ang “Get Right” ng SB19 member na si Josh Cullen, naglabas naman siya ngayon ng remix nito. Ang nakasama pa niya riyan ay ang Pinoy rapper na si Yuridope. Kwento ni Josh sa inilabas na pahayag ng Sony Music, “I’ve been eyeing a remix for ‘Get Right’ with a local artist, and.....»»
Tatjana Maria comes back to defeat Peyton Stearns in Madrid
(Photo credit: Susan Mullane-USA TODAY Sports) Germany's Tatjana Maria rallied from a set down to defeat Peyton Stearns 6-7 (4), 6-2, 7-6 (5) in first-round action Tuesday at the Mutua Madrid Open in Spain. Stearns fell behind 5-3 in the first set, but used a service break to get back on serve and eventually won a tiebreaker to take the lead in the two-hour, 48-minute match. She couldn't maintain the momentum in the seco.....»»