BSP evaluating digital bank license applications, usage

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The story "BSP evaluating digital bank license applications, usage" was covered 19 hours ago by Business Mirror, a news publisher based in Philippines.

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BSP evaluating digital bank license applications, usage - Business Mirror

Quick Summary:

THE Bangko Sentral ng Pilipinas (BSP) may have opened four more digital bank licensing slots but there is no guarantee that all applications will be granted.

He said the BSP has received queries about certain legal and regulatory requirements for digital banks.

The BSP noted that it will examine digital bank applicant’s value proposition, business models, and resources capabilities as part of its “rigorous licensing process.