Insights
With OFBank, the Philippine government enters the remittance business
Despite a pandemic-induced drop in overseas workers, remittances from Filipinos abroad reached USD 33.2 billion in 2020, nearly unchanged from a year earlier.
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Companies like SeedIn, Asia's leading P2B crowdfunding platform, are helping local MSMEs with short-term financing.
The Philippine Stock Exchange and local financial firms are adapting to a new crop of market participants.
Preliminary investigations into the data breach suggest that it was a malicious cyber attack on the company.
The network is currently looking out for investors to expand further.
The Ayala Corp-backed venture fund has a very long-term perspective and is expected to boost the Philippine startup ecosystem.
ABS-CBN was denied a new broadcasting license; now the network re-invents itself as a streaming service.
Fintech firms find the right conditions to process loan applications via mobile apps instead of in physical branches.