171-year-old BPI not yielding to digital-savvy challengers

The country’s oldest bank is gearing up for competition with the next-generation digital lenders and aggressive financial technology (fintech) platforms. The 171-year-old Bank of the Philippine Islands (BPI), owned by Zobel-led Ayala Corp., is ramping up spending on digital products and cybersecurity by 50 percent to about P13.5 billion in 2022, company president Jose Teodoro … Continue reading 171-year-old BPI not yielding to digital-savvy challengers