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 […]
DigibankASIA, a Singapore-headquartered fintech, has tapped Backbase, a fintech software provider, to design and automate the customer onboarding platform for its UNO, its digital bank. Backbase’s engagement banking platform is designed to […]
Engagement banking technology provider Backbase announced recently the launch of its next-generation platform, as well as the release of its enhanced Backbase-as-a-Service (BaaS) offering. The announcement comes as Backbase hosts its annual […]
The Monetary Board approved the recognition of digital bank as a new bank category that is separate and distinct from the existing bank classifications. A digital bank is defined as a bank […]
BanqIn, an instant all-in-one digital banking platform developed by Bank-Genie continues to support efforts of the government for financial inclusion, especially for unbanked Filipinos in far-flung rural areas. Through innovative and transformational […]
ING Philippines unveiled its latest e-payment system ING Pay in anticipation of large-scale digital transactions in the coming months as the Bangko Sentral ng Pilipinas explores more use cases of cashless payments […]
Despite the continuing Covid-19 pandemic that has greatly impacted the Philippine economy, Union Bank of the Philippines (UnionBank) continues to register solid growth especially as it delivers more innovative – and often […]
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