Philippine Digital Bank
Philippine banks need to update strategies for competitive advantage
Philippine banks need to update strategies for competitive advantage
Less than 10% of revenue is allocated to information technology.
Mizuho Bank to invest $61m in Philippine digital bank operator Tonik Financial
The bank hopes to cash in on the Philippines growing digital finance sector.
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1. Sea rebrands digital finance business SeaMoney to Monee 2. UOB maintains profitability despite possible slower loan growth 3. Japan’s SMBC is buying a 20% stake in India’s Yes Bank 4. Malaysia’s development banks told to plug lending gap for MSMEs 5. Bhutan enables national-level crypto payment with Binance PayResource Center
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Investment Banking
Banks feel pressure from private credit
Nonbank lenders are now providing capital even to low-risk corporate clients.
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