GoTyme Bank was awarded its Certificate of Authority to operate as a digital bank by the Bangko Sentral ng Pilipinas (BSP) last July 29, 2022.
This signifies that the BSP has already reviewed GoTyme Bank’s processes and infrastructure and deemed them compliant with all of BSP’s regulations including the Bank Secrecy Act, Anti-Money Laundering Act, Customers Protection Act, Data Protection Act and a robust IT Risk Management Framework.
The issuance of a COA is the third and final stage involved in establishing a digital bank in the country. The other two stages are filing an application for the Authority to Establish a Digital Bank with the Monetary Board (MB) and the Issuance of the Authority to Register with the Securities and Exchange Commission.
GoTyme Bank is set to revolutionize digital banking services in the Philippines with safe and secure transactions as certified by the Bangko Sentral ng Pilipinas (BSP). With a high-tech-high touch approach, GoTyme Bank clients can open an account in under five minutes through digital kiosks and avail of banking products and services such as better bank transfers, shopping rewards, interest savings, trading,
investing and customer service.
To get exclusive updates and news on early access, subscribe to GoTyme Bank’s newsletter via www.gotyme.com.ph. Follow the official GoTyme Bank social media pages, GoTymeBank on Facebook and https://www.instagram.com/gotymebank/ on Instagram for more information.
You might also like
More from News
Fortinet Introduces Expansive Upgrades to its Real-Time Network Security Operating System to Empower Enterprises to Fortify Their Networks
Fortinet® (NASDAQ: FTNT), the global cybersecurity leader driving the convergence of networking and security, today announced the latest version of …
Live free with Infinix NOTE 40 Pro+ 5G: 100W Fast Charge phone price now launched for less than P14K
Infinix is about to supercharge your lifestyle. The newest Infinix NOTE 40 Pro Series officially launches on April 24, 2024, …
Experience the nova Difference: HUAWEI nova 12 SE and nova 12i Now Available in the Philippines!
Huawei’s latest smartphone products, the HUAWEI nova 12 SE and the HUAWEI nova 12i, will be available in the Philippines …