Digital Banking in the Philippines

Which type of bank is primarily owned and managed by private individuals?

Which type of bank is organized or owned by cooperatives or federation of cooperatives?

What is the primary purpose of a cooperative bank?

Which type of bank is allowed to accept current or checking accounts with a minimum net asset requirement?

Which bank offers a Digital Onboarding System with Artificial Intelligence (DOBSAI)?

Which digital bank offers savings with up to 6% per annum interest?

Which digital bank uses AI with machine learning for its face recognition onboarding and authentication?

Which digital bank is a partnership between the Gokongwei Group and the Singapore-headquartered digital banking group Tyme?

Which type of bank follows the principles of the Shari'a and does not involve interest (riba) in its operations?

What is the rank of the COOP BANK OF BENGUET (CBB) based on assets as of March 31, 2023?

What is the total assets of the COOPERATIVE BANK OF NUEVA VIZCAYA?

What type of banking business aims and operations do not involve interest (riba) according to RA 6848?

Which of the following is a primary goal of rural banks?

What is the main purpose of loans or advances extended by rural banks under RA 7353?

According to the 2020 Manual of Regulations for Banks, what are the powers of a rural bank?

Under what condition can a rural bank accept current or checking accounts?

Which of the following is NOT a classification of Electronic Money Issuers (EMI) according to the Bangko Sentral ng Pilipinas (BSP)?

What is the deadline for new applications for digital bank licenses according to the BSP?

Which of the following is NOT considered an Electronic Instrument or Device according to the BSP?

What is the purpose of closing the application window for digital bank licenses according to the BSP?

According to RA 10753, rural banks can grant loans on the security of lands without Torrens Title if the owner can show five (5) years or more of peaceful, continuous and uninterrupted possession in concept of owner.

According to RA 10753, rural banks can foreclose lands mortgaged to them, including lands covered by the Comprehensive Agrarian Reform Law of 1988 (RA No. 6657), as amended.

According to RA 10753, rural banks are allowed to bid and take part in foreclosure sales of real property mortgaged to them, but they cannot transfer the title of the property to themselves.

According to RA 10753, rural banks are exempt from the requirement of publishing foreclosure notices in newspapers if the total amount of the loan, excluding interest due and unpaid, does not exceed One hundred thousand pesos (P100,000) or such amount as the Monetary Board may prescribe.

Which of the following is a key feature of a microinsurance product?

What does the term 'contingent event' refer to in the context of insurance?

What is the maximum sum of guaranteed benefits for a microinsurance product?

What does it mean for premiums, contributions, fees, or charges to be collected/deducted prior to the occurrence of a contingent event?

What is the maximum percentage of the current daily minimum wage rate for non-agricultural workers that a microinsurance product's premiums can exceed?

Does the maximum amount of premium and guaranteed benefits apply on a per product or per policy basis for bundled products?