Huawei, a leading global provider of information and communications technology (ICT), is setting up industry guidelines on power consumption and encouraging green investments, saying that it expects regulators in the Philippines to step up green finance efforts starting this year. “While green finance is not a new topic, its actual implementations and best practices may […]
Metropolitan Bank & Trust Co. (Metrobank) was recently named “Best Bank in the Philippines” at the recently concluded Euromoney Awards for Excellence 2022. The award helps solidify the bank’s strong position and reliability as the country’s second largest bank. “Metrobank’s story was about more than prudence. The bank is out there supporting a reviving economy, […]
Citi, an American multinational investment bank and financial services company based in New York City, is now working on improving its global consumer base and recruiting more talent as it continues to grow its banking presence in Asia. Just recently, the largest foreign commercial bank in the country completed the sale of its retail-banking business […]
Non-profit organizations can now avail of a faster and cheaper way of receiving crypto donations from anywhere in the world. Unlike other services of the same nature, organizations can also withdraw funds from their account anytime, anywhere with no minimum maintaining balance required. PDAX, a BSP-regulated exchange that lets you trade in bitcoins, ethereum, and […]
Here’s good news for government workers eyeing to enjoy the fruits of their labor upon their retirement. Arnulfo “Wick” Veloso, the new chief of the Government Service Insurance System (GSIS), said that he is committed to strengthening the state-run pension fund for public-sector workers. This means handling and provision of the retirement benefits of government […]
by Bhea Baarde, Correspondent Starting next year, financial institutions will be required to digitalize the majority of their payment options and financial services as part of the Bangko Sentral ng Pilipinas (BSP)’s Digital Transformation Roadmap, which aims to promote financial inclusion and digitalization of payments in the country. Of all the financial service providers here […]
The Rizal Commercial Banking Corp. (RCBC) is pushing for the creation of a scorecard that can be used to assess the risk profile of the unbanked, who now face a great challenge since they have no credit history or banking information. The scorecard will be improved further by using external information such as personality, behavioral […]
GCash is set to launch a new insurance package that is meant to empower businesses in the Philippines, particularly the micro-, small, and medium-sized enterprises (MSMEs). Expected to be launched by the third quarter of this year, the new insurance package forms part of the in-app feature of GInsure, a digital, one-stop shop for all […]
Cryptocurrencies have become extremely popular in the Philippines due to the economic shift that the country had gone through during the COVID-19 pandemic when digital assets started gaining popularity. Experts are now looking at this transformation as a possible game-changer that can turn the Philippines into a new crypto hub. In a survey conducted by […]
According to a report by research firm Gartner, application programming interface (API) will become the top attack vector for web applications in 2022. API is a software intermediary that allows two applications to talk to each other. In an attempt to exploit system vulnerabilities, hackers would usually use numerous attack vectors such as APIs to launch […]
