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September 29, 2023

Global move! Security Bank strengthens cross-border initiatives

The bank, led by Bankero Sanjiv Vohra, aims to further boost its global reach.

Security Bank Corp. has ramped up the cross-border capabilities of its investment-banking subsidiary and nuveiled new investment product offerings in a bid to further bolster its global reach.

SB Capital Investment Corp. inked separate service agreements with MUFG Securities Asia and the Bank of Ayudhya to enhance onshore and offshore business opportunities for its inbound and outbound customers.

Bankero Takashi Takeuchi underscored that the bank intends to leverage its partnerships to boost its global reach and capacity in the financial services sector.

Security Bank recently forged an agreement with two institutions to further ramp up its onshore and offshore operations.


BSP disqualifies unregistered money service business

The Bangko Sentral ng Pilipinas (BSP) has disqualified Riyben Foreign Exchange for operating an unregistered money service business, part of BSP’s ongoing efforts to curb unauthorized MSBs, following similar actions taken against six other firms earlier this year.

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