The HelloMoney e-wallet app, powered by Asia United Bank (AUB), is transforming the landscape of digital financial services in the Philippines. Since its launch in 2019, HelloMoney has significantly altered how Filipinos interact with banking services by offering a fully digital registration
In a remarkable milestone for the Philippine banking system, total deposits have surged beyond P20 trillion in 2024, marking a significant achievement in the country's financial landscape. This impressive growth is driven by an 18% increase in the number of deposit accounts, culminating in
The core banking software industry stands at a pivotal juncture, witnessing significant transformations driven by the advent of artificial intelligence (AI). Since the dawn of digital banking, there has been a quest for an ideal technology platform that is open, cloud-native, intelligent, scalable,
Kofi Ndaikate is well-versed in the dynamic world of Fintech. His expertise spans various industry areas, from blockchain and cryptocurrency to regulation and policy. Why is digital accessibility important in banking and fintech? Digital accessibility is essential because it ensures that financial
The sudden collapse of Synapse Financial Technologies Inc. in April 2024 sent a significant tremor through the fintech industry, bringing to light glaring inadequacies in the regulatory framework that governs digital banking. This pivotal event saw the freezing of $265 million in end-user funds,
In a groundbreaking move, The Clearing House will raise the individual transaction limit for real-time payments in the US to $10 million starting February 9, 2025, potentially transforming the financial landscape. This decision follows the recent milestone of surpassing one billion payments on the
