BSP Governor Benjamin E. Diokno (FILE Bloomberg) The Bangko Sentral ng Pilipinas (BSP) said it may require all banks with digital banking services to apply for the appropriate digital bank license based on a new circular’s transitory provision. “Existing banks may apply for conversion to a...
At least five banks are expected to apply for digital bank license this month, the first batch of applicants after the Bangko Sentral ng Pilipinas (BSP) approved the digital banking framework last week. “So far, about five have signified intention to apply for a digital bank license,”...
The Bangko Sentral ng Pilipinas (BSP) has approved the framework for digital banking in the country, creating a seventh bank category. “Digital banks will play an important role in the digital financial ecosystem,” said BSP Governor Benjamin E. Diokno in a statement Thursday. These banks, he...
A night of music, mayhem, and multi-dimensional experience awaits all Dua Lipa fans as the hitmaker gears up for "Studio 2054," a live virtual concert to be streamed across the world on Saturday, Nov. 28, 4:30 a.m. Philippine time with replays at 8 a.m., 10 a.m., and 5 p.m. Shot live in a massive...
A2Z Channel 11, the Philippines’ TV network whose mission is to inspire and entertain, can now be seen and heard more clearly by televiewers as it is available on digital TV boxes in Metro Manila, Bulacan, Batangas, Cavite, Laguna and Pampanga. This development was announced recently by Sherwin...
The guidelines and regulation for a digital banking sector in the Philippines will be ready this month, according to Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno. “I think it will be issued not later than the end...
There’s more to digital transformation than the technological aspect of it -- this is what business leaders highlighted at this year’s Leadership Innovation (Lead-In) forum, Globe Business’ flagship enterprise convention which was hosted virtually for the first time since its inception more...
The enterprise arm of Globe Telecom held its annual Leadership Innovation Forum (Lead-In) in virtual style, gathering over 850 business leaders and executives amid unconventional times. “The pandemic isn’t going to stop us from reaching out to enterprise leaders and sharing valuable...
E-commerce has driven significant growth in the Philippine digital economy at 55 percent, according to the latest e-Conomy SEA 2020 report. Google, Temasek and Bain & Company released the fifth edition of the e-Conomy SEA 2020 At full velocity: Resilient and racing ahead Report released today...
To ensure stability of the financial system, the Bangko Sentral ng Pilipinas (BSP) is adopting stronger cybersecurity and digital financial supervision to support the digital transformation of all BSP-supervised financial institutions (BSFIs). “The COVID-19 pandemic has magnified our reliance on...
Aboitiz-owned Union Bank of the Philippines (UnionBank) will consider applying for a digital bank license to support its agenda for financial inclusion. UnionBank chief financial officer Jose Emmanuel Hilado believes the bank is already a digital bank after years of digital transformation,...
The Bangko Sentral ng Pilipinas (BSP) is in the last stage of sifting through the rules and regulation of digital banking in the country and could start issuing licenses earlier than expected. In a recent update, BSP Governor Benjamin E. Diokno said they have almost wrapped up all the loose Bangko...
