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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, 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, Open Finance, governing body, Philippines, OFOC, open finance oversight committee, Open Banking, Open Data, banks, financial institutions
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, Germany, The Bangko Sentral ng Pilipinas, BSP, Wirecard, BDO Unibank, Bank of the Philippines Islands, BPI, AMLC, National Bureau of Investigation
EastWest, Komo, Philippines, digital banks, retail banking, EastWest Rural Bank, banks, digital savings account, Bangko Sentral Pilipinas, BSP