GOTYME Bank Corp., a bank led by the Gokongwei group, announced it expects to cross the 1-millionth customer mark in a few weeks, with just nine months into its operation. GoTyme President and CEO Nathaniel Clarke said he attributed their success in the country to their partnership with the Gokongwei…
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The Bangko Sentral ng Pilipinas (BSP) has approved changes in the establishment of digital banks and clarified prudential requirements, licensing and documentation.
The BSP’s policy making-arm, the Monetary Board, approved Circular No. 1154 or the “Prudential Requirements Applicable to Digital Ban
Results of the Banking Sector Outlook Survey (BSOS) show that some 39.3% of banks are on schedule in terms of digitalization, while 27.3% are in the planning stage and have yet to start.
The Philippines has already reached its limit to digital bank licenses as six banks have already been given the green light to pursue full operations, the Bangko Sentral ng Pilipinas (BSP) announced Wednesday.