Critics say the bill's timing is poor due to the country's lack of surplus funds, high national debt, large trade deficit, and other economic problems.
December 18, 2022The DOJ and BAP will collaborate on stronger measures to combat online fraud, including to enhance enforcement and prosecution of cybercriminals.
February 7, 2022The BSP has now granted three digital bank licences to date, two of which are conversions from other types of banking licences.
June 9, 2021The BSP has received four applications for digital bank licences, including two from thrift banks that wish to convert their existing licences.
May 6, 2021Under the digital banking framework approved by the BSP in November, the number of digital bank licences is capped at five.
April 26, 2021The database will use financial statements and loan default information held by financial institutions to generate credit scores and better estimate default risk.
October 29, 2020