Fintech startup to apply for thrift bank license

Nov 23, 2024 12:18 am

PHILIPPINE fintech startup Salmon wants to secure a thrift-bank license for Rural Bank of Santa Rosa as it expands its operations in the country.

'Right now, what we can see is that a thrift bank will make sense, but we need to make sure we're ready, capital-wise, and all the potential criteria of the BSP. We have all the processes in place to do that. But that's our ambition. A thrift bank,' Salmon Group co-founder and business head Raffy Montemayor told reporters on Friday.

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