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It’s Time to Get Contactless Transactions in Your Business Strategy
Cash has been king for the longest time now, the means of payments that people are used to. Paper currency transactions is the norm in most countries. However, the “cashless revolution” has been going in a number of countries since 2016 and has started to become a new norm. Data from 2016 shows that the adoption of a cashless […]
Open Banking, APIs, And PSD2 Explained | Treasury Services Innovation | J.P. Morgan
Original Post by JP Morgan, as featured in JP Morgan’s Youtube Channel. Emerging technologies, such as blockchain, API, machine learning, are transforming treasury services. In the following video series, J.P. Morgan innovation leaders demystify these technologies, discuss real-world treasury services use cases, and identify how corporate treasurers can get started experimenting with these technologies today. […]
South Korea is Quarantining and Burning Cash to Prevent Spreading the Coronavirus
Original Post by Daniel Keyes, as featured in Business Insider. The Bank of Korea (BOK), South Korea’s central bank, is now keeping all cash it receives from local banks in a safe for two weeks because the corona virus generally dies out during that time, according to Reuters. The country is also reportedly tightening its […]
Banks in ASF, COVID-19-hit areas granted regulatory leeway
Original Post by Prinz Magtulis, as featured in Philstar MANILA, Philippines– Banking regulations were relaxed for lenders located in areas affected by the African Swine Flu (ASF) and Coronavirus Disease-19 (COVID-19), the first time such action was taken by the central bank as a response to health emergencies. The Bangko Sentral ng Pilipinas (BSP) said Tuesday […]
‘Don’t put money where your mouth is’
Original Post by Komfie Manalo as featured in Daily Tribune Paper money is unsanitary, and now, more than ever, with COVID-19 inching its way to people’s hands, it is posing a serious public health risk, as it is deemed a potential vector of the virus. This was an example invoked by Genuisto founder and CEO […]
Geniusto Brings Full Digital Banking Services to Camalig Bank
The Camalig Bank, Inc. (A Rural Bank) has partnered with dominant financial technology firm Geniusto Philippines Inc., to bring full digital banking services in Bicol that could be a game-changer in the region’s banking space. Currently, Camalig Bank offers a diverse selection of credit facilities including agricultural, salary, business loans for small and medium enterprises, […]