Digitalization to drive PHL rural banks’ growth
THE PHILIPPINE rural banking industry’s growth will be driven by its digitalization as more players embrace the neobank model, an industry head said.“Growth will be driven mainly by neobanks — rural banks that operate like digital banks but are not
Asia-Pacific countries to beef up biometric tech as use of deepfakes grows
VECSTOCK-FREEPIKASIA-PACIFIC countries are expected to strengthen their biometric verification tools next year amid the increase in deepfake technologies, according to identity authentication solutions provider iProov.“As deepfake technology becomes increasingly weaponized by hostile state actors and criminals in 2025, a wave
DOON to launch motorbike rentals next year
FACEBOOK.COM/DOONPHILIPPINESBy Beatriz Marie D. Cruz, ReporterDOON PH, a local car-sharing startup, plans to launch its motorbike rental service in the first quarter of 2025 in key tourist destinations, according to its chief executive officer (CEO).“It will be an airbnb for
BSP approves 11 bank branches in Q3
BANGKO SENTRAL NG PILIPINASTHE BANGKO SENTRAL ng Pilipinas (BSP) approved a total of 11 regular bank branches in the third quarter.The Monetary Board approved applications for new banking offices of three banks in the third quarter, with two being universal
AI agents paving the way for a new era of productivity in the Philippines
By David IreckiTHE PHILIPPINES, a nation brimming with potential, is facing a productivity challenge. While the labor force is undeniably talented, it is experiencing an efficiency gap compared to its Association of Southeast Asian neighbors. The country’s productivity per worker