AI adoption key for finance sector growth in PH
AI adoption and the rapid development and innovation in generative AI over the recent years have set the stage for…
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Latest fintech updates in the Philippines: breaking news on digital banking, crypto, e-wallets, payments, and inclusive finance insights.
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BSP launches“Paleng-QR Ph Plus” in Mabalacat, leads city towards a revolutionary digital future
On July 23, 2024, a few days before Super Typhoon Carina hit the country, the Bangko Sentral ng Pilipinas (BSP)…
Mocasa waives fees and penalties, shares tips for building calamity fund to prepare for unexpected
In a country frequently battered by typhoons, floods, and earthquakes, having a robust calamity fund is not just advisable —…
BSP says PH right on track to being a cashless economy, hits digital payments milestone in 2023
In a recent media advisory, the Bangko Sentral ng Pilipinas (BSP) announced that the Philippines has successfully met its ambitious…
DBP earns international acclaim in 2024 for its groundbreaking renewable energy facility
The Development Bank of the Philippines (DBP), a state-owned institution, has recently been lauded by a prestigious international body for…
BSP report sees surge in digital payments in 2023, outlines positive role of remittances
According to the Bangko Sentral ng Pilipinas (BSP)’s Report on E-Payments Measurement “Traversing New Heights: The Future is Digital,” the…
Amidst rising bad loans, Moody’s says RCBC to face big challenges in sustaining capital this 2024
Rizal Commercial Banking Corporation (RCBC), one of the Philippines’ leading banks, is anticipated to encounter a significant rise in bad…
Super Typhoon Carina shuts PH financial markets down amid floods comparable to Ondoy in 2009
by Jan Michael Carpo, Reporter Super Typhoon Carina, internationally known as Gaemi, wreaked havoc on the Philippine financial markets on…
BSP supports war against financial cyber crimes, welcomes passage of RA No. 12010 (AFASA)
The Bangko Sentral ng Pilipinas (BSP) recently welcomed the passage of Republic Act No. 12010 or the “Anti-Financial Account Scamming…
CrowdStrike’s new software update sparks global disruptions, exposing tech dependence risks
by Jan Michael Carpo, Reporter Last July 19, a catastrophic software update from security company CrowdStrike brought global IT disruptions,…
GoTyme Bank leads digital banking growth in PH, welcomes 1.7 million new customers in 2024
In an impressive display of growth and customer satisfaction, GoTyme Bank has established itself as the Philippines’ fastest-growing digital bank,…
July 19 IT meltdown caused by ‘Falcon Sensor’ exposes vulnerability in banks’ digital systems
Several major banks in the Philippines experienced significant outages recently due to a sweeping technical glitch caused by the cybersecurity…