GoTyme Bank has partnered with foodpanda to introduce a transformative loan program aimed at empowering micro, small, and medium enterprises (MSMEs) within foodpanda’s vendor network across the Philippines. GoTyme and foodpanda executives during the MOA signing that’ll offer a flexible loan program for MSMEs By addressing common financial barriers that MSMEs face, this collaboration provides […]
JuanHand, an online lending platform, and the Philippines’ Cybercrime Investigation and Coordinating Center (CICC) have recently signed a groundbreaking memorandum of agreement (MOA) aimed at combating cybercrime and fraud within the fintech lending sector. Officials from JuanHand led by President and CEO Francisco “Coco” Mauricio (2nd from left) and FinVolution Group’s Head of International Business […]
The Bangko Sentral ng Pilipinas (BSP) has projected the October 2024 inflation rate to fall within a range of 2.0% to 2.8%, highlighting various economic factors that influence consumer prices in the country. In its months ahead forecast, the Philippine central bank acknowledges both upward and downward pressures on inflation yet their forecast remains relatively […]
Rizal Commercial Banking Corp. (RCBC), a prominent member of the Yuchengco Group, has expanded its medium-term note (MTN) program from US$3 billion to US$4 billion. This expansion marks a significant step for the bank as it seeks to diversify its funding sources and better position itself in the competitive global debt market. In a disclosure […]
CBC celebrates 10 international awards for excellence in consumer finance China Bank has clinched ten prestigious international awards, highlighting its expertise and innovation in consumer finance. These awards span multiple product categories, from home loans and real estate financing to credit card offerings, underscoring the bank’s commitment to providing diverse financial solutions tailored to the […]
Wise, a global fintech company, has recently gained direct access to InstaPay, the Philippines’ real-time payment system, and established a direct settlement account with the Bangko Sentral ng Pilipinas (BSP) through PhilPaSS Plus, the nation’s real-time gross payment system. The integration is set to transform cross-border payments for millions while allowing the global fintech company […]
Ayala Corporation (Ayala), one of the Philippines’ oldest and largest conglomerates, has strengthened its financial footing by securing a US$200 million long-term loan facility from the Metropolitan Bank & Trust Company (Metrobank). Image Credit: Rolly Barayang In a press release, the company stated that the loan will support Ayala’s ongoing investments in high-growth sectors, including technology […]
The Bangko Sentral ng Pilipinas (BSP) has projected inflation for October 2024 to fall between 2.0% and 2.8%, a range that aligns with its goal of stabilizing the country’s economy amid global volatility. While food prices, petroleum costs, and peso depreciation have added upward pressure to inflation, lower prices for rice, meat, and electricity offer […]
Cybersecurity challenges are intensifying alongside the rapid growth of artificial intelligence (AI), which is creating a wealth of opportunities for innovation and transforming industries worldwide. As experts say, “With great power comes great responsibility,” and this could not be more relevant when balancing AI adoption with data privacy and cybersecurity. Integrating AI with cybersecurity and […]
PowerSchool, a global leader in cloud-based K-12 education software, recently hosted its highly anticipated ‘Innovation in Education Summit’ in partnership with REX Education at Park Inn by Radisson in Quezon City, Metro Manila. PowerSchool and REX Education executives during the recent ‘Innovation in Education Summit‘ Drawing more than 130 education leaders from across the Philippines, […]
