Articles with tag like: BSP

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The Philippines proposes industry-led governing body for Open Finance

News | Online & Mobile Banking | 04 Feb 2021

The Philippines’ central bank has proposed the establishment of an ‘industry-led’ self-governing body as it looks to encourage the development of Open Finance.

Philippines, Open Finance, Open Data, Open Banking, BSP, OFOC, API, framework

Philippines central bank sets regulations for digital banks

News | Online & Mobile Banking | 26 Jan 2021

Philippines central bank, the Bangko Sentral ng Pilipinas (BSP), has issued Circular No. 1105, series of 2020, the guidelines on the establishment of digital banks.

Philippines, BSP, guidelines, digital banking, online banking, banks, e-banking, financial products, banking services

BSP plans to create self-governing open finance body

News | Online & Mobile Banking | 11 Dec 2020

The Bangko Sentral ng Pilipinas (BSP) has proposed the creation of an Open Finance Oversight Committee (OFOC), an industry-led self-governing body, as part of the country’s open finance framework.

BSP, Open Finance, governing body, Philippines, OFOC, open finance oversight committee, Open Banking, Open Data, banks, financial institutions

Central Bank of the Philippines open to Qatar-based funding

News | Online & Mobile Banking | 10 Aug 2020

Bangko Sentral ng Pilipinas (BSP) has announced plans to explore potential investment deals from Qatar for digital banking and fintech projects.

Central Bank of the Philippines, Bangko Sentral ng Pilipinas, BSP, Philippines, Qatar, funding, investment, digital banking, fintech, Reserve Bank, regulations, digital transactions, banking sector, nonbank financial institutions, digital platforms, Islamic banking, shariah-compliance

BSP to work with German regulators

News | Payments General | 09 Jul 2020

The Bangko Sentral ng Pilipinas (BSP) has announced working with the German government to bring the issue of the missing USD 2.1 billion Wirecard money to rest.

BSP, Germany, The Bangko Sentral ng Pilipinas, BSP, Wirecard, BDO Unibank, Bank of the Philippines Islands, BPI, AMLC, National Bureau of Investigation

EastWest launches its digital banking service, Komo

News | Online & Mobile Banking | 25 May 2020

Philippines-based EastWest Bank has launched Komo, a fully digital bank, adopting its retail banking strategy to the present times.

EastWest, Komo, Philippines, digital banks, retail banking, EastWest Rural Bank, banks, digital savings account, Bangko Sentral Pilipinas, BSP

Filipino bank BSP launches InstaPay

News | Payments General | 01 May 2018

The Bangko Sentral ng Pilipinas (BSP) has launched InstaPay, the latest automated clearing house (ACH) under the National Retail Payment System (NRPS) Framework. 

BSP, instapay, Philippines, instant payments, online banking

BSP to launch digital payments clearing house

News | Online & Mobile Banking | 27 Dec 2017

The Bangko Sentral ng Pilipinas (BSP) has announced that its individual consumers will be granted electronic fund transfer (EFT) credit automated clearing house.

BSP, digital payments, clearing house, ACH, Philippines, online banking