The Bangko Sentral ng Pilipinas’ (BSP) push for personal equity and retirement accounts (PERA) is expected to promote the wider adoption of open finance in the Philippines, according to the Tokyo-based think tank Asian Development Bank Institute (ADBI). “The BSP remains committed to advancing...
Brankas, the leading global open finance technology provider, and Element Inc , the privacy-led, modern AI pioneer in digital identity services used to verify a person´s information quickly and seamlessly, today announced a strategic partnership to introduce an additional layer of security to...
66972 UBX doubling workforce in 2022 Open finance platform UBX plans to add over 200 employees, more than doubling its workforce in the country this year, to serve more consumers and businesses. “Despite the pandemic, we were able to grow our workforce to a little over 200 in 2021," disclosed UBX...
Netbank, a fully-regulated bank that offers Banking-as-a-Service solutions has unveiled Netbank Virtual ( https://virtual.netbank.ph ), an openly accessible web-based platform where anyone can freely browse, test and integrate Netbank’s financial products and solutions. “While some larger local...
65270 As demand for digital financial solutions skyrocketed in the pandemic, local open finance platform UBX quintupled its revenues last year and expects to sustain its growth momentum in 2022. In 2021 alone, UBX hauled in P20 billion in annual gross transaction value serving over 200,000 business...
More than 71% of Filipinos remain unbanked and have zero access to financial services, based on the 2019 survey of the Bangko Sentral ng Pilipinas (BSP). This unbanked sector includes aspiring entrepreneurs and MSMEs resulting in their inability to secure funding and support to expand their...
The Open Finance system and the comprehensive finance API platform stand to revolutionize the growth of the MSMEs in the Asia-Pacific region, specifically the Philippines. Its forecasted trajectory of growth can be instrumental to finally providing financial access to the underserved and...
