US EditionBSP Gears up to Protect Filipinos vs Danger From Online Gambling
10 Articles
10 Articles
BSP gears up to protect Filipinos vs danger from online gambling
MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is the latest institution to sound the alarm on the risks associated with online gambling. READ: Philippines told to monitor online gambling, crypto for dirty money risks The central bank said in a statement that it was going to issue a circular that would, among others,
BSP Chief Cites Tech Use For Monetary Policy, Consumer Protection
Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. on Thursday cited the need to ensure sustainable and inclusive use of technological innovations to better serve the public. In his speech during the BSP’s 32nd anniversary celebration, the central bank chief identified several areas where the BSP takes advantage of these innovations, saying digitalization is everywhere. He said there is a need to be more discerning as artificial intelli…
The Bangko Sentral ng Pilipinas (BSP) will take action in relation to the spread of online gambling in the country which is becoming a social problem. According to the BSP, they will issue a circular aimed at protecting users of digital platforms from the dangers posed by online gambling. The BSP has now developed a draft and is still awaiting responses from stakeholders. The circular aims to require BSP supervised institutions, particularly ban…
Tonik Appoints Digital Lending Veteran Mike Singh as President of Tendo
Former UnionDigital, Grab Financial, & HSBC executive to scale Tonik’s payroll-lending arm MANILA, Philippines, July 4, 2025 /PRNewswire/ — Tonik Financial, the Philippines’ first digital-only bank licensed by the Bangko Sentral ng Pilipinas (BSP), today announced the appointment of fintech veteran Mike Singh as President of Templetech Inc. (“Tendo”), its SEC-licensed consumer lending subsidiary. Tendo provides salary-deducted credit to employee…
BSP takes steps vs. access to online gambling
MANILA – The Bangko Sentral ng Pilipinas (BSP) is considering options to limit the public’s access to online gambling to protect consumers from the risks of these services. In a statement Thursday, the BSP said it has circulated among stakeholders a draft document that aims to require banks…
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