The Yuchengco family-backed Rizal Commercial Banking Corp. reported a 22 percent decline in first-half net income as it set aside more provisions for potential credit losses amid heightened geopolitical uncertainties.
Digital banking is moving beyond rolling out new features, with banks increasingly judged by how technology improves customers' financial lives rather than by innovation alone.
Banking executives, regulators and technology leaders from across Asia gathered in Manila this week to map out how artificial intelligence, open finance, cybersecurity and cross-border payments will reshape the region's financial sector, highlighting the industry's push to balance rapid innovation with trust and financial inclusion.
Rizal Commercial Banking Corp. (RCBC) is extending its digital payments footprint into public transportation as it rolls out the country's first rail-based automated fare collection system that combines open-loop EMV card payments, mobile Near Field Communication (NFC) wallets, and QR payments in a single platform, supporting its push to integrate financial services into everyday transactions.
The Sy family-controlled Banco de Oro Unibank Inc. (BDO), the country’s largest bank, has waived fees for InstaPay and PESONet transfers made through its BDO Online and BDO Pay platforms, joining a growing number of Philippine banks removing charges for digital fund transfers.
Relief may be emerging for Philippine businesses after months of geopolitical disruptions pushed up shipping costs, fuel prices, and currency volatility, but Rizal Commercial Banking Corp. (RCBC) said companies should remain vigilant as pressures built up over months of conflict will not unwind overnight.
Rizal Commercial Banking Corp. (RCBC) has shortened the duration of its investment portfolio, tightened lending to higher-risk segments, and secured funding at favorable rates as it prepares for tougher economic conditions.
Rizal Commercial Banking Corp. (RCBC) is expanding financing options for Filipino homeowners looking to install solar panels, offering loan and credit facilities aimed at lowering the upfront cost of shifting to renewable energy.
Rizal Commercial Banking Corp. (RCBC) has partnered with Tambunting Pawnshop to expand community-based banking services, bringing digital financial solutions closer to Filipinos in underserved and remote areas.