BPI: “Hiking the policy rate gradually in contrast to what the Fed is doing may exacerbate the headwinds affecting the Philippine economy.” BPI — On Thursday, the Bank of the Philippine Islands said that the Bangko Sentral ng Pilipinas (BSP) may increase its benchmark rate by 50 basis points in its meeting next week following … Read more
BPI CEO: “BPI will capitalize on the strength of our brand, our significant presence plus a robust digital platform to compete.” BPI — The president and CEO of the Bank of the Philippine Islands said that the bank is prepared to compete with digital banks and fintech (financial technology) companies. On Thursday, BPI President and … Read more
BPI introduced its digital banking platform dedicated to helping MSMEs manage their finances. BPI — On Wednesday, the Bank of the Philippine Islands introduced its digital banking platform dedicated to helping micro, small, and medium enterprises (MSMEs) manage their finances. In a virtual briefing, BPI head of Transaction and Services Division Ana Maria Sison told … Read more
BPI warned its clients against “money mule” scams. BPI — On Wednesday, the Bank of the Philippine Islands said that clients should be careful as the number of “money mule” scams increased. BPI chief digital officer Noel Santiago said that “money mule” was a form of money laundering scheme that facilitated the transfer of illegally … Read more