Technology News
Union Bank of the Philippines (UnionBank) joined the Bangko Sentral ng Pilipinas (BSP), fellow PERA administrators, and financial services partners in the ceremonial launch of the Open Finance for PERA…
The Bangko Sentral ng Pilipinas (BSP) has launched the Open Finance for PERA Pilot, an initiative to make it easier for Filipinos to open and manage Personal Equity and Retirement…
An app designed to help Filipinos plan for a financially secure retirement emerged as the top proof-of-concept (POC) at the “Race to the Future: The Open Finance PH Hackathon,” organized…
Open finance has the potential to transform the financial industry by democratizing access to credit for the unserved and underserved segments in the Philippines, according to John Januszczak, president and…
Queen Máxima of the Netherlands, the United Nations Secretary-General’s Special Advocate for Inclusive Finance for Development (UNSGSA), recently met with National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan to…
Xendit, a B2B payment gateway, is participating in the Bangko Sentral ng Pilipinas’ (BSP) Open Finance Pilot as both provider and user of Application Programming Interface (API) technology. Xendit will…
UnionBank of the Philippines’ UBX, an open finance platform, powers the mobile app of Aboitiz Power Corp. (AboitizPower), one of the country’s largest retail electricity companies, integrating digital payments for…
The provincial government of Oriental Mindoro tapped the open finance platform UBX to beef up its digital transformation initiatives and promote greater financial and social inclusion. Under this partnership, UBX…
The rising technological challenges facing Philippine cooperatives like mobile wallets and the digital banking system have driven the need to “futureproof” this grassroots sector. A leading online service provider for…
The Bangko Sentral ng Pilipinas (BSP) will soon begin consultations for the “PH Open Finance Pilot” in crafting the development of open finance technical and operational standards and arrangements. In…
Brankas, an open finance technology provider, has been appointed by Visa as its first regional partner to provide live access to its Open Data products. The two companies have been…
Open finance platform UBX introduced UrGovPH, a suite of open finance solutions that aim to assist local governments in their digital transformation journey. UrGovPH equips local government units (LGUs) and…
UBX, an open finance platform by Union Bank of the Philippines, has been tapped to digitize the microloan processing of Kabalikat para sa Maunlad na Buhay Inc. (KMBI), a microfinance…
Union Bank of the Philippines (UnionBank) is supporting the adoption of open finance and open banking with the goal of fast-tracking digital inclusion in the country. The Bangko Sentral ng…
Bixie, an AI-powered finance platform for women has tapped UBX, an open finance platform by Union Bank of the Philippines, in providing digital solutions for beneficiaries. The partnership hopes to…
The Bangko Sentral ng Pilipinas (BSP) has launched “Open Finance Roadmap 2021-2024” which is aimed to expand financial inclusion in the Philippines. Pre-pandemic, Filipinos with bank accounts stood at 29%.…
As economies across the world become more conducive to the open finance framework, data science and artificial intelligence (AI) now both play an increasingly crucial role in cross-platform data sharing.…
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