Banking & Insurance
Consumer finance giant warns of scams targeting consumers
Home Credit Philippines is warning customers about a rise in scams that target borrowers with seemingly easy ways to turn loans or credit limits into cash. Scammers are approaching people with pre-approved loan offers, offering to buy devices in cash, pay down payments, or convert credit limits into money, sometimes even accompanying victims to stores to gain trust.
Lender helps execute some of the country’s biggest transactions in 2025
East West Banking Corp. (EastWest) strengthened its presence in the local capital markets this year after helping execute three major transactions: the IPO of Maynilad Water Services in November, SM Prime Holdings’ ₱17-billion retail bond offering, and Ayala Land Inc.’s ₱15-billion Sustainability-Linked Bonds completed in October.
Philippines to push financial health as ASEAN priority in 2026
The Bangko Sentral ng Pilipinas (BSP) says financial health will be a major focus when the Philippines chairs ASEAN in 2026. BSP Governor Eli M. Remolona, Jr. announced the plan during a fireside chat at the Bank for International Settlements (BIS) in Basel, Switzerland, on 11 November 2025.
Savings priorities shift with age, Metrobank survey shows
A recent Metrobank survey reveals that Filipinos’ reasons for saving change as they move through different life stages. Younger adults save mainly for financial security and personal needs, working adults focus on buying a home or funding travel, and middle-aged Filipinos prioritize retirement and their children’s education.
Ayala units collaboration trials frictionless banking authentication
Globe and the Bank of the Philippine Islands (BPI) are testing a new security technology called Silent Network Authentication (SNA), which aims to make digital banking safer and easier. The Proof of Concept (POC) is part of Globe’s G Verify platform, which uses real-time network data and secure APIs to verify users without requiring one-time passwords (OTPs) or SMS codes.
