Philippines

This is almost double the $7.36m it approved last May.

About 4.5% of those surveyed have been victims of identity theft.

It will standardize the front, middle, and back office of UnionBank’s wealth mgmt functions.

RCBC and GBG clinched two major awards at the ABF Wholesale Banking Awards 2022 with their enterprise risk management technology.

The sale includes the transfer of 1,540 staff to the Philippine bank.

They have also been assigned to the bank’s RPT committee.

The partnership will enable the expansion of BNPL services on the payment platform.

The bank’s app will be decommissioned by the end of 2022.

NPL in the country’s banking sector has peaked and will continue to decline.

Over 380,000 clients are expected to be affected once they leave the market by end of the year.

New CEO is current strategy consultant for the bank’s parent company Filinvest.

Filipino foreign workers can remit and send money to the Philippines at a lower cost.

GCash is king in the country.

He will take on the role of Chief People Officer.

However, a threat from the West makes it seem that the central bank may be overly confident.

Profits are expected to strengthen throughout the year as the economy recovers.