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March 01, 2024

Fintech exec seeks new EU connections

PayMongo boss and co-founder Francis Plaza turned to social media to look for friends he can meet up with as he bares his travels to Madrid and Berlin.

On Twitter, the bankero posted: “Madrid 🇪🇸 and Berlin 🇩🇪 by around end of month! Love to connect with folks and startup/fintech crew in and around these cities. Hit me up!”

Time to build more international connections!


Security Bank posts net income of PHP9.1 billion in 2023

Security Bank Corporation (PSE: SECB) posted net income of PHP9.1 billion in 2023. Total revenues grew 8% year-on-year to PHP43.0 billion. Net interest income increased 19% to PHP34.7 billion. Net interest margin for the full year was 4.49%, higher compared to 4.23% in 2022. Total non-interest income was at PHP8.2 billion. Service charges, fees and commissions grew 15% to PHP6.1 billion, led by increase in fees from credit cards, remittances (which include Instapay fees) and bancassurance.

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