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Philippines Embedded Finance Business Report 2024-2029: Rising Mobile Adoption, Unbanked and Underbanked Population, Major Fintechs Boosting Payment Gateway Ecosystem, Supportive Regulatory Landscape - ResearchAndMarkets.com

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星期四, 五月 30, 2024

Unveiling the Power of Embedded Finance: Traditional financial institutions often struggle to reach the unbanked and underbanked population in the Philippines.

Key Points:

Unveiling the Power of Embedded Finance: Traditional financial institutions often struggle to reach the unbanked and underbanked population in the Philippines.
Key Drivers of Philippines Embedded Finance Market: Several factors are propelling the Philippines' embedded finance market forward:
Rising Mobile Adoption: With a high smartphone penetration rate, Filipinos are increasingly comfortable conducting financial transactions through their mobile devices.
Key Players of Philippines Embedded Finance Market: The Philippines' embedded finance market is a dynamic space with a mix of established players and innovative startups driving growth.
Get Sector Insights: Drawing from proprietary survey results, this report identifies opportunities across embedded lending, embedded insurance, embedded finance, and embedded wealth sectors.

Calix Deepens SmartBiz Security Capabilities, Enabling Broadband Providers To Keep Small Businesses Safe, Secure, and Anti-Spam Compliant

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星期二, 五月 14, 2024

Calix also enables extensive and flexible IP address management, opening a significant opportunity for BSPs to serve a wider variety of small businesses.

Key Points:

Calix also enables extensive and flexible IP address management, opening a significant opportunity for BSPs to serve a wider variety of small businesses.
With the launch of two innovative 10G Wi-Fi systems—the Calix GigaSpire® u6t and u6txg —Calix simplifies installation and enhances small business network productivity.
Integrated for the cloud-and-software-enabled Calix Broadband Platform —SmartBiz is a purpose-built small business broadband solution available for BSPs in the United States, Canada, and the United Kingdom.
New cloud capabilities for the Calix Platform ensure all BSPs and the small businesses they serve with SmartBiz are compliant with local anti-spam laws.

Rapid Evolution in Philippines' BFSI Sector: BFSI IT Summit 2024 to Illuminate Transformation

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星期五, 四月 19, 2024

Operational technology, BSP, Innovation, Insurance, Digital, Digital transformation, BFSI, PHP, Growth

As the BSP actively champions digitalization initiatives within the banking industry, including advancements in digital payments and the establishment of the Digital Banking Transformation Office, the landscape of BFSI in the Philippines is primed for innovation and growth.

Key Points:

As the BSP actively champions digitalization initiatives within the banking industry, including advancements in digital payments and the establishment of the Digital Banking Transformation Office, the landscape of BFSI in the Philippines is primed for innovation and growth.
In light of these dynamic shifts, the stage is set for the 23rd Edition of the BFSI IT Summit.
This invitation-only, in-person event is exclusively designed for technology and innovation leaders within the BFSI community in the Philippines.
Bringing together over 150 distinguished attendees, including CIOs, CTOs, CISOs, Heads of Digital Transformation, Heads of IT and Innovation, IT Infrastructure experts, and other luminaries in this domain, the summit promises to be a transformative experience.

Benefit Street Partners Closes Second Special Situations Fund

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星期三, 五月 8, 2024

Asset Management, Professional Services, Finance, Special, BSP, Investment, IRR

Benefit Street Partners L.L.C (“BSP”) announced the final close of BSP Special Situations Fund II and its affiliated vehicles (“Fund II”) which were oversubscribed with approximately $850 million in capital commitments.

Key Points:

Benefit Street Partners L.L.C (“BSP”) announced the final close of BSP Special Situations Fund II and its affiliated vehicles (“Fund II”) which were oversubscribed with approximately $850 million in capital commitments.
Fund II will seek to continue the investment approach of its predecessor fund.
BSP’s special situations platform aims to provide solutions to borrowers unable to access traditional markets, leveraging its vast experience in stressed and distressed situations.
Since inception of the platform, the special situations team has deployed over $3 billion.

Focus Announces Transformational Transaction; Buckingham Strategic Wealth to Merge with The Colony Group

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星期一, 五月 6, 2024

Banking, Accounting, Professional Services, Philanthropy, Asset Management, Small Business, Foundation, Other Professional Services, Legal, Insurance, Finance, Consulting, BSP, Partnership, History, RIA, Trust, Organization, Growth

Focus Financial Partners Inc. (“Focus”), a leading partnership of fiduciary wealth management and related financial services firms, announced today at its semi-annual partners meeting that it is in advanced discussions to enter into a definitive agreement under which Focus partner firm Buckingham Strategic Wealth , LLC (“Buckingham”), headquartered in St. Louis, will combine with Focus firm The Colony Group, LLC (“Colony”).

Key Points:

Focus Financial Partners Inc. (“Focus”), a leading partnership of fiduciary wealth management and related financial services firms, announced today at its semi-annual partners meeting that it is in advanced discussions to enter into a definitive agreement under which Focus partner firm Buckingham Strategic Wealth , LLC (“Buckingham”), headquartered in St. Louis, will combine with Focus firm The Colony Group, LLC (“Colony”).
Adam Birenbaum, currently Chairman and CEO of Buckingham, will serve as the combined company’s new CEO, and Michael Nathanson, currently CEO of Colony and Focus, will shift to serve solely as CEO of Focus.
Buckingham is a national investment adviser offering a sophisticated suite of fiduciary services and tools to support individuals, families, nonprofits and other organizations.
A leader in evidence-driven investing, Buckingham joined Focus as a partner firm in 2007 and specializes in providing exceptional guidance to help clients realize their financial ambitions.

Talino, Chemonics invest in startup Higala, the Philippines' pioneering inclusive instant payment system

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星期一, 四月 29, 2024

IIPS, Intelligence, Chemonics, Rizal Commercial Banking Corporation, Friction, Machine learning, ISO, BSP, Online shopping

As an IIPS, Higala will serve as a ﬁnancial superhighway that will connect thrift banks, rural banks, and microﬁnance institutions that are currently excluded from payment networks because of high switching and on-ramp costs.

Key Points:

As an IIPS, Higala will serve as a ﬁnancial superhighway that will connect thrift banks, rural banks, and microﬁnance institutions that are currently excluded from payment networks because of high switching and on-ramp costs.
As a consequence, the full potential of ﬁnancial inclusion remains largely untapped, depriving many Filipinos of the beneﬁts that modern banking technologies can offer.
It also aims to provide inclusive ﬁnancial solutions to the underbanked as well as rapidly enable merchants to accept digital payments.
With Mojaloop's open payment framework, Higala facilitates seamless connectivity among various ﬁnancial entities, including banks, institutions, payment gateways, merchants, and the central bank.

Talino, Chemonics invest in startup Higala, the Philippines' pioneering inclusive instant payment system

Retrieved on:

星期一, 四月 29, 2024

IIPS, Intelligence, Chemonics, Rizal Commercial Banking Corporation, Friction, Machine learning, ISO, BSP, Online shopping

As an IIPS, Higala will serve as a ﬁnancial superhighway that will connect thrift banks, rural banks, and microﬁnance institutions that are currently excluded from payment networks because of high switching and on-ramp costs.

Key Points:

As an IIPS, Higala will serve as a ﬁnancial superhighway that will connect thrift banks, rural banks, and microﬁnance institutions that are currently excluded from payment networks because of high switching and on-ramp costs.
As a consequence, the full potential of ﬁnancial inclusion remains largely untapped, depriving many Filipinos of the beneﬁts that modern banking technologies can offer.
It also aims to provide inclusive ﬁnancial solutions to the underbanked as well as rapidly enable merchants to accept digital payments.
With Mojaloop's open payment framework, Higala facilitates seamless connectivity among various ﬁnancial entities, including banks, institutions, payment gateways, merchants, and the central bank.

Renesas Introduces New Entry-Level RA0 MCU Series with Best-in-Class Power Consumption

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星期二, 四月 9, 2024

Renesas Electronics Corporation (TSE:6723), a premier supplier of advanced semiconductor solutions, today introduced the RA0 microcontroller (MCU) Series based on the Arm® Cortex®-M23 processor.

Key Points:

Renesas Electronics Corporation (TSE:6723), a premier supplier of advanced semiconductor solutions, today introduced the RA0 microcontroller (MCU) Series based on the Arm® Cortex®-M23 processor.
The new, low-cost RA0 devices offer the industry’s lowest overall power consumption for general purpose 32-bit MCUs.
In addition, Renesas offers a Software Standby mode in the new MCUs that reduces power consumption by a further 99 percent to a miniscule 0.2 µA.
Renesas is now shipping the first group in the RA0 Series, the RA0E1 Group.

Benefit Street Partners L.L.C. Announces Closing of $120 Million Loan on a Texas Office Portfolio

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星期四, 三月 28, 2024

Professional Services, Commercial Building & Real Estate, Finance, Construction & Property, Asset Management, REIT, Silver, Commercial property, BSP, RMWC, City, CRE, Creativity, Real estate

(“BSP” or the “Company”) today announced the closing of a $120 million floating-rate senior loan to Silver Star Properties REIT (“Silver Star”), intended to facilitate the liquidation of Silver Star’s legacy real estate portfolio.

Key Points:

(“BSP” or the “Company”) today announced the closing of a $120 million floating-rate senior loan to Silver Star Properties REIT (“Silver Star”), intended to facilitate the liquidation of Silver Star’s legacy real estate portfolio.
Silver Star expects to sell all current assets within their portfolio and subsequently acquire self-storage properties and transition to a self-storage REIT.
RMWC, a boutique private lender, provided a co-terminus second mortgage loan for $15 million at closing, for a combined loan of $135 million.
An inventory loan on office, retail, and industrial assets in three different cities is not something many lenders are capable of handling.

Tombigbee Fiber Enables First Responders to Deliver Lifesaving Services in Rural Mississippi With Free Wi-Fi Built on Calix SmartTown

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星期三, 三月 27, 2024

“Parts of our communities cannot even access reliable cell service,” said Scott Hendrix, chief executive officer at Tombigbee Fiber and Tombigbee Electric Power Association.

Key Points:

“Parts of our communities cannot even access reliable cell service,” said Scott Hendrix, chief executive officer at Tombigbee Fiber and Tombigbee Electric Power Association.
These are services every person deserves to have access to, regardless of where they live.”
To transform how first responders in rural Mississippi save lives and service the community, Tombigbee leverages the capabilities of SmartTown and the complete Calix Broadband Platform .
To launch SmartTown to their communities across Lee and Itawamba counties, Tombigbee deployed the Calix GigaPro® p6he outdoor system in critical areas.
Tombigbee worked closely with the award-winning Calix Customer Success Services team to plan informational sessions for first responders and public officials.