MANILA -- Philippine lender Rizal Commercial Banking Corp. plans to set up a digital banking arm and ramp up tech investments after securing $93.9 million in fresh capital from Japan's Sumitomo Mitsui Banking Corp.
Finance
Philippine lender RCBC to set up digital bank after SMBC investment
Lender aims to 'radically' cut costs as fintech startups mount challenge
Rizal Commercial Banking Corp., the Philippines' sixth-biggest private lender, says it is going digital to "radically" cut costs. © Reuters
Read Next
Latest on Finance
