GoTyme Bank explained

GoTyme Bank
Key People:Nathaniel Clarke (President and CEO)
Albert Tinio (co-CEO and CCO)
Hq Location City:Quezon City
Hq Location Country:Philippines
Parent:Gokongwei Group

GoTyme Bank is a Filipino direct bank and a subsidiary of the Gokongwei Group.[1] [2]

History

The creation of GoTyme Bank was planned in 2021 by the Gokongwei Group as a joint venture with South African-owned TymeBank. The Gokongwei Group secured a certification to operate a digital bank from the Bangko Sentral ng Pilipinas in 2022.[3] [4]

On October 20, 2022, GoTyme Bank was formally launched. As the Gokongwei Group owned Robinsons Bank when it launched, JG Summit President Lance Gokongwei stated that the Ayala-owned Bank of the Philippine Islands will be GoTyme Bank's shareholder once BPI's merger with Robinsons Bank is completed.[5]

On May 22, 2024, GoTyme's CEO Albert Raymund O. Tinio signed a memorandum of understanding with the Department of Information and Communications Technology’s CICC Director Alexander K. Ramos at the National Cybercrime Hub in Bonifacio Global City. It's “Whole-of-Society” approach aims to fight financial fraud, including cyberattack on e-commerce transactions, in collaboration with Scam Watch Pilipinas.[6]

See also

Notes and References

  1. Web site: GoTyme Bank eyeing Vietnam expansion. 9 October 2023. Alden M.. Monzon. INQUIRER.net. 10 October 2023.
  2. Web site: Gokongwei Group master brand launched. 25 August 2022. James A. . Loyola. Manila Bulletin. 10 October 2023.
  3. Web site: Digital bank GOTyme eyes mid-2022 launch: Lance Gokongwei. 24 August 2021. Jessica . Fenol. ABS-CBN News. 10 October 2023.
  4. Web site: Digital banking in Philippines sees new contender, GOtyme. 24 August 2021. Jamilah . Lim. Tech Wire Asia. 10 October 2023.
  5. Web site: Gokongwei Group launches digital bank GoTyme. 20 October 2022. Jekki . Pascual. ABS-CBN News. 10 October 2023.
  6. News: Ayeng. Raffy . GoTyme, CICC step up collab vs. financial fraud. June 3, 2024 . . June 3, 2024.