The open finance roadmap paves the way for greater collaboration and data sharing between FIs and fintechs, which will help boost financial inclusion.
February 3, 2022The BSP has now granted three digital bank licences to date, two of which are conversions from other types of banking licences.
June 9, 2021Under the digital banking framework approved by the BSP in November, the number of digital bank licences is capped at five.
April 26, 2021Overseas Filipino Bank, formed as a policy bank to provide services to overseas Filipinos, has been granted a digital banking licence.
April 9, 2021Foreign individuals will be allowed to own up to 40% of a digital bank, while qualified foreign banks can own up to 100%.
July 7, 2020