Fintech in the Philippines – 2023 review

calendar_today April 17, 2024 schedule 6 min read

by the IDfy Team In 2023, the Philippines Open Finance Pilot was initiated and was considered a significant development for the Fintech sector in the Philippines. This groundbreaking project, spanning an 18-month trial period, aimed to explore advanced functionalities such as account consolidation and credit analysis. The initiative also brought together financial institutions and third-party […]

Blogs

Opening the doors of financial inclusion: How open finance transforms emerging economies like the Philippines

calendar_today November 23, 2023 schedule 4 min read

by Robin Wong, Chief Executive Officer of Mocasa The financial landscape in emerging markets is undergoing a great shift. In the Philippines, the Bangko Sentral ng Pilipinas (BSP), in collaboration with the International Finance Corporation (IFC) and the World Bank (WB), unveiled the Open Finance PH Pilot last June of this year – a monumental […]