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Financial sector and intelligence-driven cybersecurity amidst digital revolution in SEA

Among the obvious effects of this pandemic is the rapid rise of online payment services and digital banking across Southeast Asia (SEA)......»»

Category: techSource: thestandard thestandardAug 3rd, 2020

Financial sector and intelligence-driven cybersecurity amidst digital revolution in SEA

Among the obvious effects of this pandemic is the rapid rise of online payment services and digital banking across Southeast Asia (SEA)......»»

Category: techSource:  thestandardRelated NewsAug 3rd, 2020

PayMaya-processed transactions soar 900%

Transactions processed by digital financial services firm PayMaya from partner government agencies soared significantly in a span of one year as digitalization in the public sector accelerated......»»

Category: newsSource:  philstarRelated NewsAug 2nd, 2020

Ride-hailing app hirna taps PayMaya for cashless payments

Ride-hailing app hirna, which serves select cities in the Visayas and Mindanao, would be powered by PayMaya’s cashless system in line with the government’s mandate to increase contactless payments in the transportation sector. In a statement, the digital financial services provider said hirna’s users and partner-drivers would be allowed to have cashless transactions for the […].....»»

Category: newsSource:  manilatimes_netRelated NewsJun 7th, 2020

Financial sector digital transformation steady

We are positive that once the challenges in infrastructure have been addressed, the country is going to make its leap to digital transformation. The post Financial sector digital transformation steady appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsNov 15th, 2019

DTI, data scientists team up for AI road map

THE Department of Trade and Industry (DTI) said it is currently crafting the country’s artificial intelligence (AI) sector road map in a bid to adopt to the Fourth Industrial Revolution (4ID). In statement on Monday, DTI said Trade Undersecretary Rafaelita Aldaba of the Competitiveness and Innovation Group recently led the formal signing of an agreement […].....»»

Category: newsSource:  manilatimes_netRelated NewsNov 11th, 2019

‘I think it was Russia’ – CNN News

President-elect Donald Trump said for the first time Wednesday he believes Russia was responsible for hacking ahead of the election but contemptuously rejected allegations that Moscow mounted a campaign to compromise him. In his first news conference since winning the election, a combative Trump made clear he will not mute his style when he is inaugurated in nine days. He lashed out at media and political foes alike in a bravura performance. The Trump Tower press conference confirmed the President-elect's deep desire to quickly assert power once he's sworn in. He insisted on moving speedily &'8212; too speedily for some Republicans in Congress &'8212; to replace Obamacare. He also pledged swift action on building a wall along the border with Mexico and nominating a new Supreme Court justice. But it's also clear Trump will take office amid persistent questions about his relationship with Russia. While Trump was at the podium, his nominee to become secretary of state, Rex Tillerson, faced tough questions on Capitol Hill about whether the incoming administration will view Russia with sufficient skepticism. At the news conference, Trump finally conceded he believes Russian President Vladimir Putin's intelligence agencies were behind hacks on Democratic computers ahead of the election but argued that wouldn't happen again. &'8220;I think it was Russia,&'8221; Trump said. Putin &'8220;should not be doing it. He won't be doing it. Russia will have much greater respect for our country when I am leading it than when other people have led it.&'8221; Trump, who has vowed to improve relations with Russia despite some Republican opposition, said he did not know if he would get along with Putin and noted it's possible he won't. But he could not resist a swipe at his defeated Democratic election rival, Hillary Clinton. &'8220;Do you honestly believe Hillary would be tougher on Putin than me?&'8221; he asked. He added that Russia is not the only nation that hacks US targets and accused Democrats of not having sufficient cybersecurity programs. The news conference opened with the incoming White House press secretary, Sean Spicer, slamming a &'8220;political witch hunt&'8221; following reports that Russian operatives claim to have compromising personal and financial information about Trump. Vice President-elect Mike Pence also criticized the media before introducing Trump, who kept up his criticism of US intelligence. &'8220;I must say that I want to thank a lot of the news organizations here today because they looked at that nonsense that was released by maybe the intelligence agencies,&'8221; Trump said. He said any such move by the agencies would be a &'8220;tremendous blot on their record.&'8221; &'8220;A thing like that should never have been written, it should never have been had and it certainly should have never been released,&'8221; Trump said. The news conference follows exclusive reporting by CNN on Tuesday that classified documents presented last week to President Barack Obama and Trump included the allegations about Russia. The allegations were presented in a two-page synopsis that was appended to a report on Russian interference in the 2016 election and drew in part from memos compiled by a former British intelligence operative, whose past work US intelligence officials consider credible. Intel chiefs presented Trump with claims of Russian efforts to compromise him 01:38 The FBI is investigating the credibility and accuracy of these allegations, which are based primarily on information from Russian sources, but has not confirmed many essential details in the memos about Trump. The news conference, delayed from December, was scheduled for Trump to outline how he will address questions about possible conflicts-of-interest related to his vast business empire. Trump appeared beside a large pile of files he claimed were pertinent to the companies that are going to be placed in a trust to be run by his sons. He reiterated that he doesn't plan to release his tax returns, saying they are under audit and don't include relevant information After taking a handful of questions, Trump turned the event over to Sheri Dillon, an attorney who was on hand to discuss Trump's business interests. She said Trump planned to put in place a structure that will &'8220;completely isolate him from the management of the company.&'8221; &'8220;He further instructed that we build in protections that will assure the American people that the decisions that he makes and the actions he takes as President are for their benefit and not to support his financial interests,&'8221; she said. Trump will place all his financial and business assets in a trust, Dillon said. The Trump Organization, meanwhile, will not enter into any new deals abroad and all domestic deals will be subject to a heavy vetting process. The firm will also appoint a new ethics officer, she said. The President-elect has also terminated a number of deals set to close shortly, a step that had cost him millions of dollars, she said. Dillon argued that the decision had been made not to put all Trump's assets in a blind trust or to divest of all his assets because it would be impractical. She also said that Trump should not be forced to destroy the business that he had built up. &'8220;President Trump can't unknow he owns Trump Tower,&'8221; Dillon said, explaining why a blind trust would not be a workable solution to addressing conflicts of interest issues while he is President. Dillon said Trump would take other actions to avoid the appearance of a conflict over the Emoluments Clause [&'].....»»

Category: newsSource:  mindanaoexaminerRelated NewsJan 12th, 2017

Get up to P500 cashback when you claim your Western Union remittance via PayMaya for 1st time

Digital financial services leader PayMaya is making it convenient and rewarding for Filipinos to claim their Western Union remittances via the PayMaya app as it offers recipients a cashback of up to P500 plus a chance to win P100,000 in the raffle draw......»»

Category: techSource:  thestandardRelated News5 hr. 18 min. ago

PayMaya provides safer way to travel

Digital financial services firm PayMaya is introducing new cashless options that will enable commuters and motorists to more conveniently pay for their fares and tickets......»»

Category: financeSource:  philstarRelated News10 hr. 1 min. ago

FinTech welcomes Phl’s digital banking system

Emerging financial technology firms welcomed the recent decision of the Monetary Board to recognize digital banking platform as a new bank category that’s separate and distinct from the traditional bank classifications. According to Lito Villanueva, chair at Fintech Alliance.ph and RCBC EVP and chief innovation and inclusion officer, the FinTech Alliance and the entire Philippine […] The post FinTech welcomes Phl’s digital banking system appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsDec 1st, 2020

Financial sector sets up online platform vs fraud

The rapid shift of Filipinos to online transactions has also resulted in the increase of online scams and fraudulent activities. This accelerated further with the onset of the pandemic as more fraudsters tried to take advantage of the situation......»»

Category: newsSource:  philstarRelated NewsNov 28th, 2020

RCBC mobile app raises bar for digital transactions

Rizal Commercial Banking Corp. continues to refresh its award-winning financial services mobile app through the launch of loans and skills marketplace to boost financial inclusion in the country......»»

Category: financeSource:  philstarRelated NewsNov 28th, 2020

Pru Life UK continues health dialogue series on telemedicine with partners from the government and health sector

Pru Life UK reaffirmed its commitment to digital health with the webinar Telemedicine: Accelerating Access of Filipinos to Quality Universal Health Care......»»

Category: techSource:  thestandardRelated NewsNov 27th, 2020

BSP issues framework for digital banking

The Bangko Sentral ng Pilipinas has issued the regulatory framework on digital banks in its bid to promote market efficiencies and expand the access of Filipinos to a broad range of financial services......»»

Category: financeSource:  philstarRelated NewsNov 26th, 2020

Govt urged: Aid affected farmers

Senator Cynthia Villar on Thursday called on the government to give farmers financial assistance from the Rice Enhancement Fund to help them recover from the P10 billion in losses incurred by the agricultural sector from the successive typhoons. .....»»

Category: newsSource:  thestandardRelated NewsNov 26th, 2020

ING gears up for increased competition in digital space

Dutch financial giant ING Bank is gearing up for increased competition in the digital space as the Bangko Sentral ng Pilipinas is finalizing the framework for the new bank classification......»»

Category: financeSource:  philstarRelated NewsNov 25th, 2020

Philippines global financial inclusion ranking slips further

The global financial inclusion ranking of the Philippines slipped further this year despite improvements spurred by the government’s need to promote digital channels as part of its response to the COVID-19 pandemic......»»

Category: financeSource:  philstarRelated NewsNov 25th, 2020

How banks and financial institutions can & lsquo;get the edge& rsquo; with technology

Due to limited mobility amid lockdowns and community quarantines, the Philippines is experiencing a rise in online banking. Legacy banks are rapidly upgrading their online offerings and, several digital-only banks are announcing their plans to enter the market.  .....»»

Category: techSource:  thestandardRelated NewsNov 25th, 2020

DOTr includes Normin in granting of cash aid to PUV operators

More than 5,000 public utility vehicle (PUV) operators in the region have become recipients of the P36 million cash aid from the Department of Transportation (DOTr) after Northern Mindanao has been included in the granting of financial assistance to the public transport sector, an official from the Land Transportation Franchising and Regulatory Board-10 (LTFRB-10) said Monday (Nov. 23)......»»

Category: newsSource:  davaotodayRelated NewsNov 25th, 2020

Gov& rsquo;t asked to tap private sector support, digital technology amid pandemic

Former Bangko Sentral ng Pilipinas Deputy Governor Diwa Guinigundo called on the government to tap private sector support and digital technology to boost recovery efforts from the coronavirus pandemic......»»

Category: financeSource:  thestandardRelated NewsNov 24th, 2020

1st World Fintech Festival: Philippines as Asia s next big tech hub

The Philippines is set to showcase its best financial technology (fintech) practices to an international audience and cement its global digital footprint in the five-day virtual World Fintech Festival (WFF) on December 7-11......»»

Category: techSource:  thestandardRelated NewsNov 23rd, 2020