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Tyrone Jasper C. Piad

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CIMB Bank PHL notes uptick in insurance purchase

CIMB Bank Philippines Inc. said it saw an uptick in insurance penetration among its customers, which the bank said is parallel with its financial inclusion initiatives. The digital bank reported that clients who are eligible for free life insurance surged by 1,200 percent over...

Singapore fintech firm eyes more PHL partners

A Singapore-based financial technology (fintech) player is eyeing to onboard more partners in the Philippines to facilitate more digital money transfers. Thunes Group, which includes TTMFS Singapore Pte Ltd. and its subsidiaries, said it is taking the opportunity amid the accelerated digital adoption to...

Central credit registry gets ISO nod for QMS

Following the establishment of a quality management system (QMS), the country’s central credit registry earned a certification from the International Organization for Standardization (ISO). The Credit Information Corp. (CIC) said in a recent statement that the BSI (British Standards Institution) Group Philippines Inc. issued...

Economists see inflation reaching 5% in 2021

AFTER consumer price growth reached two-year highs, economists see inflation going beyond the government target and reaching 5 percent this year due to low base effects and elevated commodity prices. “For the coming months, much lower inflation denominator/base effects would also mathematically lead to...

Heed notices against fraud, group reminds consumers

SEVERAL business groups urged the public to be more vigilant when transacting online, reminding them to pay attention to notices and warnings by financial institutions about digital fraud. In a statement over the weekend, a number of business organizations told consumers anew to never...

Bank plans to continue pursuing digital initiatives

THE Philippine Savings Bank (PSBank) announced plans to further its digital initiatives this year after recording upticks in online transactions. “We will continue to pursue our digital transformation roadmap by delivering on what is relevant and simple for the customer,” PSBank President Jose Vicente...

Government loans for schools hit a quarter of P3-billion fund

THE Land Bank of the Philippines has approved loans amounting to over half a billion pesos to several educational institutions to fund “study now, pay later” scheme for students. As of February 16, the state-run bank said that it is set to bankroll P531.5-million...

Bank rolls out digital wealth management platform

CHINA Banking Corp. has recently enabled its digital trust and wealth management platform as part of its digital initiatives amid the pandemic. In a recent statement, the listed bank said it has teamed up with financial technology player Intellect Design Arena Ltd. (IDAL) for...
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