3
RCBC to set up digital bank after SMBC investment
source link: https://fintechranking.com/2021/06/30/rcbc-to-set-up-digital-bank-after-smbc-investment/
Go to the source link to view the article. You can view the picture content, updated content and better typesetting reading experience. If the link is broken, please click the button below to view the snapshot at that time.
RCBC to set up digital bank after SMBC investment
Philippine lender Rizal Commercial Banking Corp. plans to set up a digital banking arm and ramp up tech investments after securing $93.9 million in fresh capital from Japan’s Sumitomo Mitsui Banking Corp.
The move comes as traditional lenders like RCBC face rising competition from nimble, digital-savvy startups that are launching mobile-based financial services with the backing of Philippine regulators.
Read more: Nikkei Asia
Recommend
About Joyk
Aggregate valuable and interesting links.
Joyk means Joy of geeK