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Project Nexus

Photo shows Bangko Sentral ng Pilipinas Governor Eli M. Remolona Jr. together with other bank executives during the launch of Project Nexus Phase 4 in Basel, Switzerland

Completion of Project Nexus Phase 3 blueprint to offer PH hope towards global financial revolution

In a monumental step towards transforming global financial transactions, the Bangko Sentral ng Pilipinas (BSP), Bank for International Settlements (BIS), and their partners have recently announced the successful completion of the comprehensive blueprint for Phase Three of Project Nexus. Project Nexus is an ambitious initiative that aims to seamlessly connect instant payment systems (IPS) across […]

A man's hand with globe-like structure and the logos of Open Finance and Project Nexus

Fintech in the Philippines – 2023 review

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 […]