Philippines

Other potentials of AI in banking could help reach broader markets in the underserved segment of the country.

This comes ahead of plans for GCash to launch an IPO.

President and CEO TG Limcaoco said that BPI wants their branch agents to spend 70% of their time offering advice to clients.

The digital-only bank now has 7.13 million customers in total.

It reached a consolidated net earnings of P25.3b during the period.

It will be made available to merchants in Manila and Cebu.

It will service its 7,000-strong workforce.

The partnership also plans to boost new consumer financing products.

Earnings per share is PHP5.63 for the period.

Net interest income rose 27% but non-interest income fell.

Ng will succeed Abraham T. Co, who has been elected as Vice Chairman.

For BPI, reinvention and innovation are the key ingredients to how it remains one of the Philippines’ biggest banks since its establishment over 170 years ago.

It will be utilised to grow its digital loan offerings.

The credit payment service company is also developing a data-driven central credit bureau.

The event offers a platform for knowledge exchange, fostering innovation and collaboration across the industry.

This is in view of the temporary relocation and consolidation of its three leased offices.