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Banks Given Two Months to Gear up for InstaPay
Original Post by Melissa Luz T. Lopez, Senior Reporter, as featured in Business World BANKS are given two months to get their online platforms ready to do real-time fund transfers under InstaPay, an industry official said, with only nine banks currently offering the full service. Carmelita R. Araneta, general manager of Philippine Payments Management Inc. (PPMI), […]
The Fight For The $400 Billion Business Of Immigrants Sending Money Home
Original Post by Ben Schiller, as featured in Fast Company A new class of startups is using bitcoin and the blockchain to drastically lower fees as they try to grab a share of the remittance market from old competitors like Western Union. “Dollars wrapped with love.” That’s how Dilip Ratha describes remittances—the money immigrants send home to […]
Bloomberg Launches New Foreign Exchange Solution in the Philippines
Originally Featured in Bloomberg Tri-party ticketing system for brokers and banks will enhance market transparency and trade execution Manila, September 22, 2016 — Bloomberg today announced that it has launched its tri-party ticketing system for the interbank community in the Philippines, providing real-time access to brokered foreign exchange (FX) forward transactions to market participants. The […]
Central Bank Calls on Financial Institutions to Sign Up on Cybersecurity Sharing Platform
Original post by Reicelene Joy N. Ignacio, Reporter , published on Business World TO HELP strengthen the banking industry’s resilience to cyber attacks, the Bangko Sentral ng Pilipinas (BSP) has ordered BSP-supervised financial institutions (BSFIs) to participate in a cybersecurity sharing platform hosted by the Bankers Association of the Philippines (BAP). “In order to further strengthen […]
Banks Seen to Increase Use of Fintech – BSP Survey
Original post by Lee C. Chipongian, published on Manila Bulletin Header Photo, BSP GOVERNOR DIOKNO ADDRESSES FINTECH FORUM IN BANGKOK – Speaking in front of a diverse audience comprised of both public and private fintech stakeholders, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno (in photo, 2nd from left) talked about the BSP’s policy […]
Geniusto brings Social Banking to Asia Pacific
Geniusto in cooperation with its partner One Way, are gearing up to introduce fast trending and successful social banking to the Asia Pacific region. The company aims to bring distinguished features of social banking including community and family orientated groups, market place and peer to peer social banking to the people of APAC region. Hailing […]
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