WebClick Tracer

September 24, 2023

BPI partners with Luna Securities for open banking services

Bank of the Philippine Islands (BPI) has announced Luna Securities Inc. as its newest open banking partner, enabling clients to participate in virtual stock trading through BPI’s online platform.

This collaboration aligns with BPI’s objective to enhance its open banking alliances, expand technological capabilities, and broaden the digital ecosystem to benefit customers.

BPI President and CEO Teodoro Limcaoco expressed enthusiasm for future partnerships that would further extend their reach and strengthen their digitization efforts to promote financial inclusion.

With over 126 digital ecosystem partners and an array of services, including cloud-based trading, BPI continues to emphasize digitalization, customer focus, and sustainability.


Three rural banks merge to enhance financial stability

Three rural banks have successfully merged in a move aimed at bolstering their financial stability, as confirmed by the Bangko Sentral ng Pilipinas (BSP). The merger officially took effect on July 13, following the necessary regulatory approvals, as detailed in a circular letter signed by Bankero and BSP Deputy Governor Chuchi G. Fonacier on September 15.

Read More ...