GoTyme Bank gets BSP approval

by The Manila Times

Aug 07, 2022 12:24 am

GOTYME Bank was awarded its Certificate of Authority (COA) to operate as a digital bank by the Bangko Sentral ng Pilipinas (BSP) on July 29, 2022.

This signifies that the BSP has already reviewed GoTyme Bank's processes and infrastructure and deemed them compliant with all of the 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.

With a high-tech high-touch approach, GoTyme Bank clients could open an account in under five minutes through digital kiosks and avail of banking products and services. CONTRIBUTED PHOTO

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