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4 Facts Consumers Should Know

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digital banks

The Philippines’ financial landscape has evolved over the years, bringing a variety of modern tools that have reshaped how people save, spend, and manage their finances. Digital financial services, for instance, have provided Filipinos with a faster and more convenient way to handle everyday transactions. As such, it’s no surprise that they’ve emerged as a transformative force in the country’s banking ecosystem.

digital banks

While these services have become a part of daily life for many, a large number of consumers aren’t fully aware of how they operate. A lot of people may also not realize the difference between general digital platforms and digital banks that are regulated by the Bangko Sentral ng Pilipinas (BSP), and why that distinction should matter.

To close this gap, this article aims to shed light on the most important facts about BSP-regulated digital banks. Having a better understanding of how these banks are governed should boost your confidence as a user, enabling you to manage your money safely and effectively. 

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But First… What Does It Mean When a Digital Bank Is BSP-Regulated?

When you’re transacting with a BSP digital bank, it means the institution has been granted a license to operate under the oversight of the Bangko Sentral ng Pilipinas. This regulation ensures that the bank follows strict standards for financial stability, consumer protection, and sound operational practices, reducing the likelihood of serious issues like fraud and data breaches. It also signals that the bank is legitimate, accountable, and required to comply with laws designed to safeguard depositors and the broader financial system.

Now that you know what it means for digital banks to be BSP-regulated, it’s time to explore the key facts that make these worth your attention.

1) They’re Fully Regulated Like Traditional Banks

Even though digital banks are branchless—that is, they have no physical locations—they’re not operating in a regulatory gray area. They go through the same long and rigorous licensing process as traditional banks, which is meant to evaluate their ability to operate safely, fairly, and in the public’s best interest. Moreover, the process is highly selective, as only applicants that demonstrate strong financial backing and a sustainable business model are granted approval.

Once approved, BSP-regulated digital banks are subject to regular audits and reporting obligations, just like any established brick-and-mortar institution. For these banks, operating digitally doesn’t mean cutting corners on accountability or reliability. 

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2) There are Only a of Handful BSP-Regulated Digital Banks in the Philippines 

Since the approval process is strict and time-consuming, only a small number of digital banks have secured a license from the Bangko Sentral ng Pilipinas. As of this article’s writing, there are just six BSP-regulated digital banks operating in the country. One of them is Maya, which is considered to be the Philippines’ number one digital bank. 

A main reason the number of BSP-regulated digital banks is low is the fact that the BSP isn’t aiming for quantity. The agency’s priority is quality, as they want to ensure that only well-prepared and well-capitalized players enter the market. As such, not all digital financial services are backed by the BSP. Therefore, it’s in your best interest to verify whether a provider is licensed before entrusting them with your money. 

3) BSP-Regulated Digital Banks are Covered by the Philippine Deposit Insurance Corporation (PDIC) 

One of the key advantages of banking with a BSP-regulated digital institution is that your deposits are insured by the Philippine Deposit Insurance Corporation (PDIC). This means that in the unlikely event the bank fails, your money—up to PHP 1 million per depositor—is protected by the government.

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The PDIC coverage is automatic and does not require any separate application or enrollment, making it a built-in safeguard for your hard-earned savings. Moreover, this level of protection is the same as what’s offered by traditional banks, which should provide peace of mind for first-time users of digital banking. 

4) Digital Banks Under the BSP are Required to Maintain Robust Cybersecurity Frameworks 

To protect consumers in an increasingly digital financial environment, the Bangko Sentral ng Pilipinas requires all licensed digital banks to implement strong, well-defined cybersecurity frameworks. This includes regular risk assessments, incident response protocols, data encryption, multi-factor authentication, and strict access controls.

These measures are not optional; they’re part of the regulatory requirements that digital banks must meet and continuously update. Failure to comply can result in penalties, sanctions, or even the revocation of a bank’s license. By requiring digital banks to follow international best practices in cybersecurity, the BSP helps ensure that customer information, transactions, and funds are kept secure—even in a constantly evolving threat landscape. 

Digital financial services have opened new doors for convenience, accessibility, and financial empowerment in the Philippines. But as more services go online, it’s important to look beyond sleek interfaces and fast transactions. Not all digital financial platforms are regulated, and that distinction can have serious implications for your financial safety. But now that you have a greater understanding of what BSP-regulated digital banks are, you know that these institutions are a safer and more reliable choice in growing your finances.

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Majalya of Trinet group sells $28,690 in stock

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NeuroOne Medical Technologies shareholders approve reverse stock split and equity plan changes

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Form DEF 14A Northrop Grumman For: 3 April

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Form DEF 14A CVS Health Corporation For: 3 April

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NYSE And Nasdaq Shut For Holiday

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Visitors at the Statue of Liberty

NEW YORK — The U.S. stock market is closed today, Friday, April 3, 2026, as the New York Stock Exchange and Nasdaq observe Good Friday, one of the few non-federal holidays when major U.S. equities exchanges halt all trading.

A Wall Street sign outside the New York Stock Exchange

Both the NYSE and Nasdaq will remain shuttered for the full day in observance of the Christian holiday commemorating the crucifixion of Jesus Christ. Regular trading will resume on Monday, April 6, at the standard 9:30 a.m. to 4 p.m. Eastern Time schedule.

The closure creates a four-day Easter long weekend for Wall Street, following normal trading on Thursday, April 2. It also marks the start of a quieter period for many investors, with limited new economic data expected until next week. The bond market, however, will follow a shortened schedule, closing early at noon Eastern Time on Good Friday, according to the Securities Industry and Financial Markets Association.

Good Friday has long been a traditional stock market holiday in the United States, even though it is not a federal holiday observed by all government offices or banks nationwide. The NYSE and Nasdaq have observed the closure consistently for decades, aligning with many global financial centers that also shut for the occasion. In 2026, the holiday falls on April 3, creating an extended break that some traders welcome amid recent market volatility tied to geopolitical developments.

The decision to close stems from the NYSE’s official holiday calendar, which lists Good Friday among the 10 full-day closures for 2026. Other upcoming closures include Memorial Day on May 25 and Juneteenth on June 19. Early closures at 1 p.m. ET are scheduled for the day after Thanksgiving and Christmas Eve later in the year.

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For individual investors, the closure means no trading in U.S. equities, options or most related derivatives on major exchanges. Pre-market and after-hours sessions are also unavailable. Futures markets for equities may see limited or no activity, though some commodity and currency futures could operate on adjusted schedules.

Many brokerage platforms and apps reflect the holiday by disabling stock trading functions or displaying clear notices about the closure. Investors can still access account information, research tools and educational resources, but execution of buy or sell orders for U.S.-listed stocks will not occur until Monday.

The Good Friday shutdown coincides with the broader Easter long weekend, during which many businesses, schools and government services adjust operations. While banks generally remain open on Good Friday in most states, some local offices or services may have reduced hours. Retail and dining establishments typically operate normally, though some may see lighter foot traffic due to family gatherings or travel.

This year’s market closure comes against a backdrop of heightened global attention on energy markets and geopolitical risks. Recent weeks have seen significant swings in oil prices and broader equities due to developments in the Middle East, with investors closely monitoring any potential de-escalation that could influence sentiment when trading resumes.

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Analysts note that holiday-shortened weeks often feature thinner liquidity and heightened volatility in the sessions immediately before and after the break. Thursday’s trading saw mixed results as participants positioned ahead of the long weekend, with some sectors showing resilience while others reflected ongoing caution.

For those planning investment activity over the weekend, experts recommend reviewing portfolios, setting limit orders that will activate on Monday, or focusing on longer-term research rather than attempting short-term trades. Cryptocurrency markets, which operate 24/7, remain open throughout the period, providing an alternative for investors seeking continuous access, though they often move independently of traditional equities.

International markets present a mixed picture over the Easter period. Many European exchanges, including those in the UK, Germany and France, are expected to close or operate with reduced hours on Good Friday and possibly Easter Monday. Asian markets, however, generally follow their standard schedules, with Japan and others unaffected by the Western holiday.

Bond trading on Good Friday will wrap up early, at noon ET, limiting activity in fixed-income securities. This partial closure can influence yields and pricing dynamics heading into the weekend.

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Looking ahead, the week of April 6 is expected to bring a return to normalcy with fresh economic indicators. Investors will watch for any updates on inflation, employment data or corporate earnings that could shape the next leg of market movement. The S&P 500, Dow Jones Industrial Average and Nasdaq Composite have shown resilience in recent sessions despite external pressures, but analysts caution that the post-holiday period could see renewed focus on macroeconomic themes.

Retail investors, who have increasingly influenced market direction through apps and commission-free platforms, often use holiday downtime to catch up on news, rebalance holdings or simply step back from daily price fluctuations. Financial advisers suggest using the break to assess risk tolerance, review diversification and consider tax implications for any planned moves in the coming months.

The long weekend also highlights the importance of automated strategies such as dividend reinvestment plans or dollar-cost averaging, which continue regardless of market holidays. Robo-advisers and index funds typically process transactions based on the next available trading day.

For businesses tied to financial services, the closure means adjusted staffing and operations. Trading floors remain quiet, while support teams handle client inquiries about account access and holiday policies. Media coverage shifts toward previews of the following week or analysis of year-to-date performance.

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Historically, post-Good Friday trading has shown varied results, with some years delivering gains as investors return refreshed and others reflecting any news that broke over the weekend. In 2026, with ongoing global uncertainties, the tone on Monday could hinge heavily on overnight developments in energy markets or diplomatic efforts.

Traders using margin accounts or options strategies should note that settlement and expiration dates adjust around holidays. The Options Clearing Corporation and other bodies publish specific calendars to guide participants.

As families across the country mark Easter with religious services, egg hunts and meals, Wall Street takes its traditional pause. The four-day break offers a moment of relative calm in an otherwise fast-paced financial year marked by significant swings.

When markets reopen on Monday, April 6, expect a full slate of activity as participants digest any weekend news and reposition for the second quarter. Volume may start lighter than average before building through the week.

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In the meantime, investors are encouraged to use reliable sources for confirmation of market status rather than assuming based on general calendars. Official NYSE and Nasdaq websites provide the most accurate holiday schedules each year.

The U.S. stock market’s observance of Good Friday underscores the blend of tradition and practicality in modern finance. While the global economy never fully sleeps, major equities hubs still honor select cultural and religious observances that shape the annual trading rhythm.

For those wondering “is the stock market open today,” the clear answer on April 3, 2026, is no. Enjoy the long weekend, and be ready for resumed activity when the bells ring again on Monday morning.

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Kelce brothers’ Garage Beer lands deal with golf clothing brand before Masters

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Kelce brothers' Garage Beer lands deal with golf clothing brand before Masters

Malbon Golf has been all about relaxing the gentlemen’s game, and with its latest partnership, it’s staying true to its word.

Travis and Jason Kelce’s Garage Beer has been named the company’s beer brand.

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The partnership was announced a week before the Masters, where Garage will be activating all week long, pouring its 95-calorie, full-flavor light beer alongside limited-edition hand-rolled cigars and co-branded pin flags for guests stopping by.

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Jason Kelce

Jason Kelce’s Garage Beer has entered a partnership in the golf industry. (Garage Beer / Fox News)

“At Garage Beer, we’ve always believed you win by doing things the right way. It starts with making a better product and being yourself as a brand. That’s why Malbon made so much sense for us,” Garage Beer Vice President of Marketing Jay McDonald said in a statement to Fox Business.

“Golf’s supposed to be fun, and beer’s always been part of that. It’s a day outside with the crew, cold ones in hand and gear that brings real style to the course. We’re stoked for our official launch in Augusta at Malbon Home and look forward to showcasing what comes next.”

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TIGER WOODS UTTERS SARCASTIC 3-WORD REMARK AFTER GETTING PLACED IN BACK OF COP CAR DURING DUI ARREST

Jason Day

Jason Day of Australia wears Malbon pants as he walks off the 10th tee during the first round of the Wells Fargo Championship at Quail Hollow Club May 9, 2024, in Charlotte, N.C. (Keyur Khamar/PGA Tour via Getty Images / Getty Images)

Garage Beer is based in Columbus, Ohio, not far from where Malbon golfer Jason Day lives.

Garage Beer and Malbon will continue showing up together at Malbon Home activations, Bucket Cup events and Sip & Shop retail experiences tied to upcoming apparel capsules, with everything centered around community, content and making golf feel more inclusive and fun.

Where culture and fashion intersect with golf, you’ll find Malbon Golf, the brand founded by Stephen and Erica Malbon in 2017 because of their love for the game. 

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It’s a lifestyle brand that has appealed to the likes of famous rappers, skateboarders, athletes in other sports, the everyday golfer and Tour players like Day, who wanted individuality back on the course. 

Jason and Travis Kelce on the field

Jason Kelce of the Philadelphia Eagles and Travis Kelce of the Kansas City Chiefs embrace after a game at GEHA Field at Arrowhead Stadium Nov. 20, 2023, in Kansas City, Mo. (Ryan Kang/Getty Images / Getty Images)

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Malbon’s mission is “to inspire today’s youth to participate in the greatest game on Earth.” 

Partnering with possibly the two most famous NFL brothers ever figures to help that cause.

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Fox News’ Scott Thompson contributed to this report.

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Form 13D/A Repay Holdings Corp For: 3 April

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Samsung Now Lets You Control Your Smart Home Straight Using Your Car Infotainment

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Apex Legends

Controlling your home from your car used to be a sci-fi concept. Samsung just made it real.

The South Korean tech giant recently launched a feature called “Car-to-Home” via its SmartThings platform, and it is available on Hyundai or Kia vehicles. This feature transforms its infotainment system into a smart home remote.

The New Car-to-Home Feature

According to Samsung, Car-to-Home is a new feature that allows users to control SmartThings-connected home appliances directly on a car’s dashboard. It offers support for appliances like air purifiers, air conditioners, lights, cameras, and robot vacuums.

Samsung designed Car-to-Home with a simple interface that takes minimal effort to set up. Drivers only need to scan a QR code displayed in the SmartThings app on their infotainment system to link their accounts.

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It Works Both Ways

Samsung and Hyundai previously worked together on the venture called “Home-to-Car,” which works the other way around. Here, instead of cars controlling the smart home, users may check their car’s status, lock the doors, start the engine, and more directly from the comforts of their abode.

With the introduction of this new tech, Samsung flips the script around with Car-to-Home to let users control their homes from their cars. Now, users can control their homes from their cars, as well as their cars from their homes.

Smart Routines Make It More Than Just a Remote

The real value here goes beyond manually toggling switches. Car-to-Home unlocks location-aware automation that changes how your home responds to your day.

You can set routines so that SmartThings turns on appliances as you pull into your garage, pre-cools rooms, or runs air purifiers before you walk through the door.

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It can also automatically shut everything off as you leave the driveway, with a dedicated Away Mode handling lights while you are out.

Which Cars Support It?

The feature works with Hyundai and Kia vehicles equipped with the Connected Car Navigation Cockpit infotainment platform, which first debuted in November 2022. It is rolling out through a software update.

There are several eligible models shared by Samsung, and they include Hyundai’s Grandeur, Santa Fe, and IONIQ 5. In addition, Kia’s Sorento and EV9 are eligible to use the feature.

Samsung plans to expand Car-to-Home’s technology to Genesis vehicles that have the ccIC27 infotainment system available.

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Originally published on Tech Times

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Mobix Labs enters $3 million convertible note agreement with Leviston Resources

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Meta to lay off about 200 workers in San Francisco Bay Area in May

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Meta to lay off about 200 workers in San Francisco Bay Area in May

Tech giant Meta is planning to move forward with laying off about 200 employees in the San Francisco Bay Area.

The company’s layoffs will affect 124 employees from its site in Burlingame, California, along with 74 in Sunnyvale. Those cuts are expected to take effect in late May, with the Burlingame cuts slated for May 22 and the Sunnyvale layoffs a week later on May 29. 

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All positions involved will be eliminated permanently, according to Meta’s regulatory filings with the state of California.

The job cuts are related to an announcement from last month that affected Meta’s sales and recruiting teams and its Reality Labs hardware division. Some of the workers affected by the cuts will be offered other jobs within the company.

META SLASHES ROUGHLY 700 JOBS; LAYOFFS HIT MULTIPLE TEAMS ACROSS THE COMPANY

Signage outside Meta headquarters

Meta’s latest layoffs will affect about 200 employees in the Bay Area. (David Paul Morris/Bloomberg via Getty Images)

“Teams across Meta regularly restructure or implement changes to ensure they’re in the best position to achieve their goals,” a Meta spokesperson told FOX Business. “Where possible, we are finding other opportunities for employees whose positions may be impacted.”

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The move comes as Meta, the parent company of Facebook and Instagram, announced 700 layoffs last month that affected the company’s recruiting operations and sales teams.

META EYES MASSIVE 20% WORKFORCE CUT AS AI INFRASTRUCTURE COSTS CONTINUE TO SOAR ACROSS OPERATIONS: REPORT

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Meta’s moves to restructure its workforce come as the company is investing heavily in artificial intelligence (AI) infrastructure and has incurred heavy costs in the process.

The company projected it will spend up to $135 billion on capital expenditures, including those related to AI, this year. Meta CEO Mark Zuckerberg has also said the company will spend an estimated $600 billion building out its U.S. infrastructure by 2028.

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META CUTS OVER 1,000 JOBS IN MAJOR METAVERSE RETREAT

Mark Zuckerberg and others

Meta CEO Mark Zuckerberg has overseen aggressive investment in AI and related infrastructure at the tech giant. (Shawn Thew/EPA/Bloomberg via Getty Images)

Last month, Reuters reported that Meta was planning layoffs that could affect 20% or more of its workforce as it looks to offset those costs and improve its efficiency through AI-driven tools.

Meta employed nearly 79,000 at the start of the year.

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