Bank-Genie, a technology company with headquarters in Singapore, continues to power the digital transformation of banks across the Philippines helping accelerate the digitization of the economy and driving financial inclusion. Bank-Genie provides […]
GoTyme Bank, Philippine interbank ATM and online banking network BancNet, and Visa, one of the world’s leaders in digital payments, formed a strategic partnership to address the need for convenient and accessible […]
Neobank Tonik introduced the BillsPay feature to provide consumers with easy and accessible banking. Available through the Tonik app, BillsPay enables users to seamlessly pay their bills on time, without the hassle […]
Digital banking services provider CIMB Bank PH has recently launched CIMB Virtual Card, a unique virtual card powered by its revolving credit product REVI Credit. Through the virtual card, REVI Credit users […]
GoTyme Bank was awarded its Certificate of Authority to operate as a digital bank by the Bangko Sentral ng Pilipinas (BSP). This signifies that the BSP has already reviewed GoTyme Bank’s processes […]
Noname Security, a proactive API (application programming interface) security platform, has been chosen by Tonik, a neobank based in the Philippines, to help safeguard a critical component of its digital platform as […]
Digital bank ING Philippines recently launched its security education campaign called #SimplySecuredWithING to encourage online banking adoption in the country. The campaign aims to ease any apprehensions the public still has about […]
Finance app PayMaya has evolved from an e-wallet to an all-in-one money app called Maya and it’s now available for early access to users. Maya combines the PayMaya e-wallet with new features […]
i2i, the banking-as-a-service platform and open finance community under UBX, expects business to grow by as much as 300% in 2022. This year’s growth comes after recording significant results in 2021 on […]
The Bangko Sentral ng Pilipinas (BSP), together with the Philippine Payments Management Inc. (PPMI) launched the Multiple Batch Settlement (MBS) facility of the PESONet electronic fund transfer service. “This new feature enhances […]
With licenses issued to digital banks and digital payments adoption on the rise, the Bangko Sentral ng Pilipinas (BSP) sees that digitalization has the potential to ease the country’s inflation in the […]
RCBC’s banking app enhanced its user interface and added new features with aim of providing customers with more pleasant and easy digital banking transactions. Launched last week, the RCBC digital banking app […]
By Frederic Ho, Vice President of APAC, Jumio Corp. Six digital banking licenses have already been granted in the Philippines as part of the ongoing revolution in financial services. Digital banking is […]
ING Philippines beefs up its services with the addition of new features as a response to customers’ evolving digital banking behavior. The financial services institution added two new features in its ING […]
Philippine Savings Bank (PSBank) now allows new account opening through its mobile up. The app allows customers to enjoy hassle-free, safe banking and easily as well as conveniently do tasks such as […]
Digital-only bank Tonik will start offering its Quick Loan product which is another step in reaching the underserved consumer lending market in the Philippines. “We estimate that there is $100 billion of […]
Photo by Christina Morillo from Pexels Too many questions to answer when filling out online banking applications is a total turn-off for the 3 in 5 Filipino respondents in FICO’s 2021 Digital Banking Survey released […]
Quoting the Bangko Sentral ng Pilipinas (Central Bank of the Philippines), ICT company Fujitsu the combined volume of electronic transfers via PesoNet and InstaPay (electronic fund transfer services) hit 107 million. The […]
Private neobank Tonik, which is operating under its own digital bank license by the Bangko Sentral ng Pilipinas (BSP), has launched physical debit cards for clients of its mobile app. Tonik customers can […]
Back End News talked to Mr. Frederic Ho, vice president of Jumio Asia Pacific, to discuss the rise and considerations of digital banking in the Philippines. Following the release of guidelines by […]
Union Bank of the Philippines (UnionBank) launched another service that will enable micro, small, and medium enterprises (MSME) to digitize their businesses. UPay is an all-in-one payment acceptance hub that offers different […]
Amsterdam-headquartered Backbase, a company that offers engagement banking platforms, has recently appointed Iman Ghodosi as regional vice president for the Asia Pacific (APAC) region. The new role is based in Sydney and […]
For the Philippine financial services firms to further accelerate their digital transformation, a robust infrastructure coupled with strong security posture should be in place. In a media briefing, software firm VMWare said […]
The Rizal Commercial Banking Corp. (RCBC) has been cited as Best Cash Management Bank Philippines 2021 by the Global Banking and Finance Awards (GBAF) for executing a digital pivot in corporate servicing […]
EastWest will launch what is considered to be the first-ever customizable app-based, on-demand life insurance in the Philippines. Troo Flex will be exclusively available through Komo, the group’s fully digital banking service, […]
The COVID-19 pandemic not only accelerated companies’ digital transformation but may have also increased consumer awareness in terms of digital services available today. The Visa Consumer Payment Attitudes study shows “over 8 […]
Tonik, a neo or all-digital bank that recently launched in the Philippines, has now enabled interbank fund transfers through PESONet, an electronic fund transfer service. This service is initially available through RCBC, […]
Filipinos are fast adapting to digital banking as shown by the recent survey by analytics software firm FICO wherein 56% of the respondents said they now prefer to do their transactions online. […]
Digital banking is gaining momentum across the Asia Pacific (APAC) driven mainly by forced lockdowns, mobility restrictions, and people’s fear of COVID-19. As affirmed by Backbase’s latest study titled “Fintech and Digital […]
DigiBankASIA, the visionary financial services company headquartered in Singapore, and Xebia, a company that offers next-generation digital services and consulting, announced a strategic partnership for the launch of Asia’s new digital bank […]
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