Can AI Reject Your Bank Loan? BSP's Guidelines Explained
The Bangko Sentral ng Pilipinas has released guidelines on AI use in banking. While AI can influence loan decisions, human oversight remains crucial.
Chinabank Unveils Earned Wage Access Service for Workers Ahead of Payday
Chinabank's new Earned Wage Access Plus allows employees to access salaries early, providing a debt-free alternative to traditional loans. This initiative could reshape financial management for workers in the Philippines.
BSP Explores Wholesale CBDC for Settlements and Payments
The Bangko Sentral ng Pilipinas is advancing toward a wholesale CBDC to modernize securities settlement and cross-border payments. This initiative could reshape the financial landscape in the Philippines.
Philippines Digital Credit Sector Urges Action Against Lending Scams
The Consumer Lending Association of the Philippines is rallying government and fintech leaders to tackle the alarming rise of lending scams. The recent symposium emphasized a proactive stance against cybercrime impacting the financial sector.