Friday, March 29, 2024
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NPC, fintech groups call on online lenders to stop collecting excessive data

The National Privacy Commission (NPC) has joined hands with two groups from the finance sector in urging online lenders to stop excessive data collection and start complying with the Data Privacy Act.

PH fintech groups unveil app testing platform

The two Philippine FinTech groups -- FinTech Alliance.PH and FinTech Philippines Association – have announced plans to collaborate on the launch of the Philippines Fintech Industry Sandbox, which is supported by the UK Prosperity Fund Asean Economic Reform Program (Asean ERP).

BSP approves licensing regulations for digital banks in PH

The Bangko Sentral ng Pilipinas (BSP) has approved the recognition of digital bank as a new bank category that is separate and distinct from existing bank classifications.

Fintech players adopt ‘TechnoEthics’ to fight abuse by online lending firms

There's an estimated 124 fintech lenders in the Philippines comprising of 75 mobile apps, 40 Web-based, and five brick-and-mortar with tech platform. But less than half of these firms are registered with the government.

Fintech group adopts ‘code of conduct’ after online lenders get embroiled in shame campaign

Over 400 harassment complaints from customers were reported to the National Privacy Commission (NPC), who said online lending apps misused the borrower?s information, including the disclosure of unpaid balances to other people.
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