Benise Balaoing

The facade of the Bangko Sentral ng Pilipinas on February 15, 2024. Jonathan Cellona, ABS-CBN News

Article (news)

Bangko Sentral ng Pilipinas

ABS-CBN News

MANILA -- The Bangko Sentral ng Pilipinas (BSP) is asking banks and other financial institutions that run digital financial marketplaces to maintain at least P1 billion in capital.The BSP said digital financial marketplaces are those that offer services such as loans, insurance, and investments from BSP-supervised financial institutions.In a statement, the BSP said the P1 billion capital should support technology upgrades and cybersecurity measures.Banks that operate digital financial marketplaces must also comply with standards on risk governance, data governance, consumer protection, and customer due diligence, the BSP said. The BSP circular also said that financial information may be shared only with the customer’s consent through secure channels.&quot;The BSP promotes responsible innovation while working to ensure consumers are protected, risks are properly managed, and trust in the financial system is preserved,&quot; said Governor Eli Remolona.<div><a href="https://www.abs-cbn.com/news/business/2026/2/26/a-fintech-storm-is-brewing-2005" rel="noopener noreferrer" target="_blank">Boardroom Tea: A fintech storm is brewing as the BSP tightens standard for digital banking</a></div>

The Bangko Sentral is asking banks and other financial institutions that run digital financial marketplaces to maintain at least P1 billion in capital.

The Bangko Sentral is asking banks and other financial institutions that run digital financial marketplaces to maintain at least P1 billion in capital.

BSP requires banks with digital financial marketplaces to maintain at least P1 billion in capital

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BSP requires banks with digital financial marketplaces to maintain at least P1 billion in capital

Benise Balaoing,

ABS-CBN News

Published June 26, 2026 05:12 PM PHT

Read More:

Bangko Sentral

digital financial marketplaces

fintech

online banking

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