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
The Bangko Sentral ng Pilipinas (BSP) announced on Wednesday, Aug. 24, that the country’s six digital banks are now operational.
Of the six, three are fully operational but the other three are still on a limited run.
Government-owned Overseas Filipino Bank Inc. A Digital Bank (OFBDB), Tonik Digi
Tonik, the first digital-only neobank in the Philippines, just recently announced that Tomasz Borowski is the company's new Group Chief Operating Officer (COO). He will be based in Singapore and employed by Tonik’s holding company Tonik Financial Pte Ltd, while working closely with the Operations t