Regional insurtech firm Igloo promotes Raunak Mehta to co-founder & CEO to drive Southeast Asia expansion

PHILIPPINES, 16 MARCH — Regional insurtech firm, Igloo, today announced the promotion of Raunak Mehta, previously Chief Commercial Officer as its new Co-founder and Chief Executive Officer (CEO). He will work alongside co-founder of Igloo, Wei Zhu, who is on the company’s board of directors.

(more…)

Palo Alto Networks APAC cybersecurity predictions 2022

Philippines – December 16, 2021 – Palo Alto Networks (NASDAQ: PANW), the global cybersecurity leader, released its predictions for the cybersecurity trends that will shape the digital landscape for the year ahead. (more…)

FSS business support suite enables BancNet to maximize billing and settlement efficiencies

FSS

Manila, Philippines, October 26, 2021: FSS (Financial Software and Systems), a leading global provider of integrated payment products and a payments processor, announced its Business Support Suite enables BancNet, the Philippines ATM switch operator, bring efficiencies of speed and scale to automate billing, and settlement for all switched transactions among participants, and to provide their members with an efficient dispute platform facility. In 2020, BancNet processed a record one billion transactions through its platform, significantly contributing to the growth of the country’s digital payments economy. (more…)

FSS partners with Equicom Savings Bank towards strengthening digital security

K. Srinivasan,COO, FSS PayTech

Manila, Philippines, October 13, 2021 – FSS (Financial Software and Systems), a leading global provider of integrated payment products and a payments processor has partnered with Equicom Savings Bank (EqB) – one of the leading banks in the Philippines to address online fraud and to boost e-commerce growth. (more…)

Privacy Commission orders immediate takedown of four online lending apps

National Privacy Commission (NPC)

The National Privacy Commission (NPC) has ordered the immediate takedown of four online lending apps (OLAs), JuanHand, Pesopop, CashJeep, and Lemon Loan to protect the data privacy rights of borrowers.

These apps have been the subject of various complaints of unauthorized use of personal data that resulted in harassment and shaming of borrowers and are currently being investigated for violations of the Data Privacy Act and other NPC issuances. (more…)