In July 2017, the ADB and Cantilan Bank launched the pilot project in the southern Philippines to demonstrate how cloud technology can unlock financial opportunities for the unbanked segments of the Filipino population.
The Bangko Sentral ng Pilipinas (BSP) said it has launched a number of initiatives aimed at establishing adequate safeguards to manage the potential risks brought by financial technologies (fintech) while providing enough room for companies to develop and implement their innovations.
Over a third or 36 percent of Filipino adults think that obtaining a loan from formal financial institutions is not accessible to them because of lack of documentary requirements.
The net income of Globe Telecom reached P18.45 billion in 2018, which represents a 22-percent increase year-on-year over P15.08 billion the year before, due to strong demand for its data-related services.
The net income of Globe Telecom reached P18.45 billion in 2018, which represents a 22-percent increase year-on-year over P15.08 billion the year before, due to strong demand for its data-related services.
Regional bank CIMB has formally launched its banking presence in the Philippines, making known its aspiration to become the nation?s first all-digital and mobile-first bank.
Under the five-year service agreement, Amdocs? solution will enable Globe to activate, provision, and manage multiple network services on the cloud from a wide range of third-party network software and equipment providers.
Globe Telecom also said the implementation of Republic Act 11032 or the Ease-of-Doing-Business Act would significantly fast-track the deployment of cell sites across the country.
