MANILA -The Bangko Sentral ng Pilipinas (BSP) on Wednesday launched the 'Open Finance PH Pilot' project, which is intended to help the unbanked build a financial profile and credit history and thus get access to loans and other financial services. Supported by the International Finance Corp. (IFC) and parent group, the World Bank, the initiative is a voluntary effort of banks and financial institutions that are supervised by the BSP to cooperate in developing an open, interoperable and scalable ecosystem.

https://business.inquirer.net/406615/bsp-addresses-needs-of-unbanked-with-open-finance-system

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