Purlieu

11/08/2021

Thanks for this timely article about the challenges in integrating the millions of MSME's in the country into the vision of . Key to that integration is the implementation of the Open Finance Oversight Committee by the BSP, and the integration of this segment into a unified data platform. Companies like Finantier (YC W21) are working with the banks, , regulators and other content and service providers to build a stable and unified platform for .

Majority or 73 percent of the country’s micro, small and medium enterprises (MSMEs) have difficulty digitizing their operations, according to a survey by the Department of Trade and Industry (DTI). Department of Trade and Industry Secretary Ramon M. Lopez (File photo / MANILA BULLETIN) During th

20/09/2020

"Traditional banking is changing across the world as more customers move from branches to mobile. How can banks adapt to best serve consumers and businesses?"
New and cutting-edge technologies are paramount to decisions about how to obtain affordable and capable core banking and peripheral banking solutions for the future. No doubt the world has changed in the past 3 quarters. FinNext
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The future of banking in ASEAN Tengku Zafrul Aziz, group chief executive officer/executive director of CIMB Group Holdings, discusses the challenges to traditional banking in Southeast Asia and how banks can adapt.

30/08/2020

Bank Indonesia, the Central Bank of the country works to bring about to the huge ASEAN. The Indonesian archipelago, made up of more than 17,000 islands, is notoriously difficult to wrestle into modernity, leaving many rural residents with painfully limited access to banking and financial services. But following the lightning quick rise in internet pe*******on and mobile phone adoption in recent years, banks have been able to bring previously people into their fold using creative, hi-tech methods, such as . DataVsn technologies (https://www.datavsn.us/) brings cutting-edge agent banking to the picture, with affordable and creative pricing models, including full core .

When getting to the nearest bank branch can be a perilous journey, and where more people have smartphones than bank accounts, digital banking is clearly the solution. But rural customers also want the human touch. Enter agent banking.

30/08/2020

Ameet Uchil Clive Knott

30/08/2020

continues to grow in the from 2017-2019, but the rate leaves tens of millions of Filipinos financially un-included. This excellent report from the BSP highlights the areas of growth and need. "Ownership of a formal account is a basic indicator of financial . Account pe*******on grew to 28.6% in 2019 from 22.6% in 2017, equivalent to an additional 5.1 million Filipinos opening an account within that period. This 2-year jump is significantly higher than the 0.6 percentage point increase in 2017 from 2015. The top gainers in terms of demographic segments are: North/Central Luzon and the Visayas, aged 40-49, socio-economic class E, less educated (elementary graduates), working adults, rural areas, and males. Increase in account ownership also coincides with increase in adults who save,
with data showing saving being the main use case of an account and savers more likely to have an account.

30/08/2020

One of the rarest pieces of digital banking the SE Asia is the local, easy to access deposit channels. Thousands of ATM's make it easy to get money out, but getting cash in remains a challenge.

Union Bank of the Philippines (UnionBank) has virtually added thousands more deposit channels through partnerships with ECPay and international convenience store 7-Eleven.

22/07/2020

The Philippines may be heading to its deepest economic recession in 35 years due to the coronavirus pandemic, but it is during this crisis that investors should be on the prowl for good bargains

07/07/2020

As banks recover from this COVID crisis, there will be a different focus on branch banking. DataVision (www.datavsn.us) has developed and deployed the answer to virtual branch banking with the MBranch solution. Setup and manage any branch, anywhere, including all teller operations, without brick and mortar costs.

06/07/2020

Joey Q. Mamaril Ameet Uchil Clive Knott

05/07/2020

Must read article on the affect of the COVID-19 pandemic on the financial systems, markets and governments, and how they are expected to fare during the months ahead.
GoKatabat Ameet Uchil Bj Crapps Clive Knott Richard Eldridge Richard Jacobson