Philippines’ Gokongwei Group and Singapore-based Tyme Group officially launched the digital bank GoTyme Bank. The new venture combines high-tech with high-touch approach to make financial solutions accessible to more Filipinos. “The mission […]
Maya Bank registered one million customers and reached P10 billion deposit balance in just five months after its public launch. Publicly launched in April this year, Maya Bank powers the digital banking […]
The Bank of the Philippine Islands (BPI), through its microfinance arm BanKo, introduced new products and services as part of its digitalization efforts. “Digital banking has become a necessity now. This is […]
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 […]
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 […]
Recognizing the continuing challenge of micro, small and medium enterprises (MSMEs) in digitalizing their businesses amid the pandemic, software solutions company Multisys Technologies Corp. introduces an online store builder called Multistore, which […]
As proof that more and more Filipinos are embracing digital payments than before the pandemic hit, a Visa study found that 60% of Filipinos now are carrying less cash in their (physical) […]
Ahead of its intended launch in Q2, 2022, UNObank Inc., a digital bank licensed under the Bangko Sentral ng Pilipinas’ (BSP) Digital Banking License framework, has rebranded UNObank to UNO Digital Bank. […]
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 […]
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 […]
The Bangko Sentral ng Pilipinas (BSP) has granted digital payment PayMaya Philippines (PayMaya) license to operate as a digital bank. Operated by Voyager Innovations, the fintech arm of PLDT Inc., the digital […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
FICO, a global analytics software firm, has released its “Identity in Digital Banking Survey,” which found that the complexity and cost of validating the identity of digital banking customers are the top […]
Poor user experience on mobile applications is just one of the many barriers that hamper the total adoption of digital banking in the Philippines, according to digital banking services provider Backbase. In […]
Digital banking platform provider Backbase appointed Aileen Lopez-Sanchez as the country sales manager for the Philippines. In this position, Lopez-Sanchez will lead Backbase’s sales and go-to-market strategy in the Philippines. Drawing on […]
Vietnam’s Tien Phong Commercial Joint Stock Bank (TPBank) accelerated their digital transformation with Backbase, a digital-first banking platform, to transform the bank’s traditional products, services, and core banking system. Backbase drove the […]
Union Bank of the Philippines (UnionBank) has virtually added thousands more deposit channels through partnerships with ECPay and international convenience store 7-Eleven. ECPay, an all-in-one platform that offers different financial services, has […]
By Guruprasad Gaonkar, JAPAC SaaS Leader – Enterprise Resource Planning & Digital Supply Chain at Oracle We are witnessing unexpected and dramatic changes in the banking industry. On top of stiff competition […]
Philippine Savings Bank (PSBank), the consumer banking arm of the Metrobank Group, has launched its PSBank Mobile Time Deposit (TD) placement, a digital service that allows clients to open Peso Time Deposits […]
As digital banking experienced a spike during the lockdown with the UnionBank of the Philippines (UnionBank) recording a 50% growth in online transactions, cyberthreats are not far behind. In the second installment […]
In global analytics software firm Fico’s “Consumer Digital Banking Survey,” a significant percentage of Filipinos have been complacent in keeping and protecting their passwords for online banking. FICO’s Consumer Digital Banking Survey […]
Neobanking or an all-digital bank has been around for a few years now challenging traditional banking. Doing transactions online has become even more enticing especially with the present circumstances that the world […]
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