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BDO 'working hard' to fix digital channels clogged by surge in transactions

ABS-CBN News
Updated as of May 22 08:22 PM

The BSP has urged Filipinos to use digital platforms to transact while on lockdown. The BSP's PesoNet and InstaPay platforms allow bank to bank "cashless" transfers.  Read more »

COVID-19 pandemic propels digital banking in Philippines

ABS-CBN News
Updated as of May 11 11:19 AM

Filipinos are "finally" going to be ready to adapt to 4th industrial revolution due to COVID-19 and the government's national ID is key to making that happen, Unionbank chairman Justo Ortiz said Monday.    Read more »

'High tech, low touch' is new normal as banks see economy through COVID-19

Cathy Yang and Joel Guinto, ABS-CBN News
Updated as of Apr 22 12:20 PM

A self-confessed "old fashioned" boss, Bank of the Philippine Islands President Cezar Consing admits to working in the office instead of at home every other day during the COVID-19 lockdown, as he looked ahead to the new normal when most transactions are done digitally. Read more »

The advantages of digital banking during the COVID-19 quarantine

Moneymax.ph
Posted at Apr 01 04:18 PM

The COVID-19 outbreak is making it harder for everyone to do even the most mundane tasks. Luckily, banking isn’t one of them. Read more »

Coronavirus lockdown spurred 'huge jump' in online banking: RCBC

ABS-CBN News
Posted at Mar 24 03:23 PM

The number of online banking transactions climbed "exponentially" following the coronavirus lockdown in Luzon, an official of Rizal Commercial Banking Corp said on Tuesday.  Read more »

Ant Financial joins Razer, Grab in contest for Singapore digital banking license

Jane Zhang, South China Morning Post
Updated as of Jan 03 09:10 AM

Last June the Monetary Authority of Singapore unveiled plans to grant as many as 5 virtual bank licences to boost competition and innovation. Read more »

Bangko Sentral to ensure security of digital transactions: Diokno

Cathy Yang, ABS-CBN News
Posted at Dec 21 06:44 AM

Digital banking “is safe” Bangko Sentral ng Pilipinas Governor Benjamin Diokno assured the public Friday as the government reviews existing regulations to enable further growth of electronic payments. Read more »

CIMB sees PH market accounting for 5-10% of group bottomline in 5 years

ABS-CBN News
Posted at Dec 04 01:06 PM

Malaysia's CIMB bank expects the Philippine market to contribute around 5 to 10 percent to the group's total bottomline over the next 3 to 5 years. CIMB set up a mobile banking unit in Manila last year and its Philippine CEO believes, as more Filipinos engage in e-commerce, the next thing they will look for would be ways to do banking digitally.    Read more »

Digital bank offers offline branch services via app

ING Bank
Updated as of Aug 02 03:08 PM

Long queues, additional charges, and inflexible operating hours in banks? There is now a solution. Read more »

The future of fully digital banking

Moneymax.ph
Posted at Jun 19 02:15 PM

The banking industry wants to bring banking closer and make access easier to the public. Read more »

Big banks urged to embrace digital shift

ABS-CBN News
Updated as of Mar 18 11:21 AM

Banks should extend digital services such as in payments to keep their clients and to lure more, said Boston Consulting Group partner and managing director Anthony Oundjian. Read more »

UnionBank bets on digital users for growth

ABS-CBN News
Updated as of Feb 11 11:13 AM

Unionbank recorded the highest transaction volume on PesoNet, which services multiple lenders, despite ranking 9th in the industry based on assets, Bautista said. Read more »

Third telco will boost financial inclusion: Espenilla

Jan Yumul, ABS-CBN News
Posted at Sep 13 09:10 PM

Bangko Sentral Governor Nestor Espenilla Jr. believes the entry of a third major telecommunications player will be a big boost to the central bank's drive for digital financial inclusion. Read more »

Hong Kong's digital banking push pits tech newcomers against old-guard lenders

Sumeet Chatterjee and Alun John, Reuters
Posted at Aug 30 05:57 PM

The deadline for the first batch of applications is Friday, and others expected to apply include Bank of China (Hong Kong), Chinese smartphone maker Xiaomi and online insurer ZhongAn, said the people and local media reports. Read more »

UnionBank bets big on virtual reality, iPads as it levels up digital banking

Cathy Yang, ABS-CBN News
Updated as of Sep 14 09:26 PM

Virtual reality is probably not the first thing that comes to mind when people visit a bank branch, but for UnionBank, VR is a tool that can change not just how people view banks but the banking experience itself.  Read more »

How biometrics can help fight bank fraud

ABS-CBN News
Updated as of Jan 16 01:53 PM

Unionbank EON on Tuesday pushed for biometrics as the banking industry increased its defenses against the rising risk of fraud. Read more »