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[SITUATION] · [QUIET] · [BUSINESS]
2 clusters · 15 sources · 12 days · First seen · Last updated
Banking and fintech developments in Philippines and Malaysia
Overview
Developments in the Philippines and Malaysia focus on banking liquidity, deposit growth, and fintech investment.
In the Philippines, the Bangko Sentral ng Pilipinas (BSP) is implementing reforms to require domestic systemically important banks to maintain and annually test access to its Discount Window Facility (DWF) to accelerate liquidity support during funding stress. Additionally, the Philippine Deposit Insurance Corporation (PDIC) reported that bank deposits reached PHP 22.04 trillion by the end of March 2026, a 9.8% year-on-year increase driven by individuals and private corporations.
In Malaysia, the International Finance Corporation (IFC) invested US$20 million in Boost Holdings via a preference-share transaction, resulting in a post-money valuation of US$340 million for the fintech provider.
Entities
Bangko Sentral ng Pilipinas · Axiata Group · International Finance Corporation · Monetary Authority of Singapore · Philippine Deposit Insurance Corporation
Timeline
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12 days ago
[BUSINESS] 15 sourcesSingapore to invest S$220 million in fintech innovationSingapore will invest S$220 million over three years through the FSTI 4.0 scheme to boost fintech innovation, focusing on AI, frontier technologies, infrastructure, and talent development.
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24 days ago
[BUSINESS] 5 sourcesAFFIN Group and Baiduri Bank expand Malaysia-Brunei banking tiesAFFIN Group and Baiduri Bank are expanding Malaysia-Brunei banking ties, while the Bangko Sentral ng Pilipinas is funding cloud-based digital transitions for Philippine rural banks.
Sources
annaclareharper.com · asianbankingandfinance.net · bitpinas.com · finbold.com · finovate.com · fintechnews.ch · fintechnews.hk · fintechnews.my · fintechnews.ph · fintechnews.sg · gritdaily.com · marketwire.com · srnnews.com · toray.co.jp · webdisclosure.com