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 […]
The release of Bangko Sentral ng Pilipinas’ (Central Bank of the Philippines) Digital Banking Framework accelerated transformations in financial institutions. Digital-only banks or neobanks, while still significantly low in terms of numbers […]
Aiming to onboard 1 million micro, small and medium enterprises (MSMEs) in the coming years, Union Bank of the Philippines (UnionBank) developed a mobile app tailor-fit for the evolving needs of small […]
Based on its recent analysis of the Philippines’ customer experience solutions in the banking industry, Frost & Sullivan honored UnionBank of the Philippines (UnionBank) with the 2020 Philippines Excellence In Customer Experience […]
As one of the pioneering financial institutions in digital banking, Union Bank of the Philippines (UnionBank) seeks to leverage SAP Data Intelligence to create a new banking model that will support more […]
Union Bank of the Philippines (UnionBank), one of the largest and profitable banks in the country, continues to redefine banking by introducing automation to its Treasury & Investments Channel Management (TICM) workflows […]
The replacement of in-person branch interactions with impersonal digital transactions through online and mobile channels during the COVID-19 pandemic has accelerated the ongoing erosion of consumer trust in banks, according to a […]
Banking should be quick, especially if you’re there for a simple transaction that you do regularly. That’s why EastWest has figured out how to keep your bank visits short with EasyWay, a […]
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