Banking & Insurance
BPI simplifies account opening with national ID integration
The Bank of the Philippine Islands (BPI), in marking its 175th year as lender, rolled out a new feature making the opening of a bank account easier for all Filipinos. The improvement comes from a formal partnership with the Philippine Statistics Authority (PSA), marked by the signing of a subscription agreement that adopts the National ID Authentication Services (NIDAS) for the BPI app.
BDO eliminates digital transaction fees with BDO Pay app
Banking giant BDO Unibank is stepping up its digital finance push by offering completely fee-free transactions on its payment platform, BDO Pay, while launching a cash reward incentive for users who refer family and friends.
RCBC profit slips as loan growth stays resilient
Rizal Commercial Banking Corp. (RCBC) weathered a more volatile operating environment in the first half of 2026, posting lower earnings after setting aside bigger provisions against potential credit risks even as its core lending business continued to gather momentum.
Bill paves way for alternarive data use and new consumer body to boost financial inclusion
Lawmakers have filed a measure seeking to create the country’s first formal system for consumer-controlled financial data sharing, alongside a new independent commission, to help millions of Filipinos prove their credit standing and gain easier access to financial services.
Insurer UITFs allow global options for Filipino investors
Rampver Financials, one of the country’s top investment fund distributors, has signed a distribution deal with Manulife Investment Management and Trust Corporation, the local asset management arm of global financial leader Manulife. The agreement allows Rampver clients access to a full range of Manulife unit investment trust funds through the Rampver Online digital investing platform, with minimum investments starting at just ₱1,000.
