Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla has expressed concerns over the proposed Maharlika Wealth Fund (MWF)--concerns that Albay 2nd district Rep. Joey Salceda, a proponent of the controversial measure, wants to chase away. Albay 2nd district Rep. Joey Salceda Medalla is...
CIMB BANK Philippines, Inc. (CIMB Bank PH), the country’s fastest growing digital bank, is fortifying its services by protecting its six million customers from cyber threats on all fronts. CIMB Bank PH has made significant investments in latest fraud management solutions and technologies and...
To exchange insights and ideas on how the country can navigate a post-pandemic education landscape, education leaders and stakeholders gathered at a conference organized by Teach for the Philippines (TFP) and the Asian Development Bank (ADB). Teach for the Philippines’ local government unit (LGU)...
Security Bank Corporation has been recognized by the Bureau of Treasury (BTr) again recognized as a Market Maker for 2023 under the enhanced Government Securities Eligible Dealers (GSED) program. In a statement, the bank said the recognition is given in line with the Bank’s continued efforts to...
CIMB Bank PH has partnered with Southeast Asia’s leading digital payments provider SeaMoney to onboard 2.5 million loan customers in 2023, doubling the 1.3 million users SPayLater currently has in the country. The BNPL transaction volume in the Philippine e-commerce ecosystem is projected to...
Leading digital banking services provider CIMB Bank PH has partnered with Southeast Asia’s leading digital payments provider SeaMoney to onboard 2.5 million loan customers in 2023, doubling the 1.3 million users SPayLater currently has in the country. The BNPL transaction volume in the Philippine...
Metropolitan Bank & Trust Co. (Metrobank) was named “The Strongest Bank in the Philippines” for the second consecutive year by The Asian Banker. “The Bank continued to outperform its peers in the country in terms of capitalization and liquidity. Its Tier 1 capital ratio, total capital...
Income inequality in the Philippines remained one of the highest rates in East Asia despite important gains in poverty reduction following recent strong economic performance and improving access to employment, the World Bank reported. In a World Bank report titled “Overcoming Poverty and...
BayaniPay, a Los Angeles-based Filipino fintech company, targets to get 20 percent of the $146 billion global market for Filipino remittances in three years, CEO Winston Damarillo told reporters. Already, BayaniPay is the first cross-border digital financial service for the 4.2 million strong...
Security Bank taps Malaysian automation firm By JAMES A. LOYOLA Security Bank Corporation has tapped Malaysian-based banking automation company Consolsys to transition the bank’s current branch banking management system to a state-of-the-art digital, cloud-based omni-channel platform. In a...
Top Officers Rick Pusag and Joey Regala guard the doors of EastWest against cybersecurity and IT threats. Sharing decades of experience combined between the two, they lead the Bank's Cybersecurity and Information Departments, with EVP Rick Pusag as the Technology and Productivity Head and FVP Joey...
Philippine Bank of Communications (PBCOM) has received its Certificate of Authority to operate a Universal Bank from the Bangko Sentral ng Pilipinas. 81209 In a disclosure to the Philippine Stock Exchange, PBCOM Chairman Eric O Recto said “Our upgraded license to operate as a Universal Bank is a...
