GoTyme Bank
 | |
| Industry | |
|---|---|
| Founded | October 20, 2022 |
| Headquarters | , |
Key people | Nathaniel David Clarke (President and CEO) Albert Tinio (co-CEO and CCO) |
| Parent | Gokongwei Group |
| Website | www |
GoTyme Bank is a Filipino direct bank and a subsidiary of the Gokongwei Group.[1][2]
History
[edit]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] which took effect on January 1, 2024.[6] However on March 22, 2024, BPI announced that it will divest its stake in GoTyme, citing a "potential conflict of interest".[6][7]
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.[8]
See also
[edit]Reference
[edit]- ^ Monzon, Alden M. (9 October 2023). "GoTyme Bank eyeing Vietnam expansion". INQUIRER.net. Retrieved 10 October 2023.
- ^ Loyola, James A. (25 August 2022). "Gokongwei Group master brand launched". Manila Bulletin. Retrieved 10 October 2023.
- ^ Fenol, Jessica (24 August 2021). "Digital bank GOTyme eyes mid-2022 launch: Lance Gokongwei". ABS-CBN News. Retrieved 10 October 2023.
- ^ Lim, Jamilah (24 August 2021). "Digital banking in Philippines sees new contender, GOtyme". Tech Wire Asia. Retrieved 10 October 2023.
- ^ Pascual, Jekki (20 October 2022). "Gokongwei Group launches digital bank GoTyme". ABS-CBN News. Retrieved 10 October 2023.
- ^ a b "BPI to divest from GoTyme Bank". BusinessWorld Online. 22 March 2024. Retrieved 5 March 2025.
- ^ Adonis, Meg J. (22 March 2024). "BPI divests from Gotyme". INQUIRER.net. Retrieved 5 March 2025.
- ^ Ayeng, Raffy (June 3, 2024). "GoTyme, CICC step up collab vs. financial fraud". Daily Tribune (Philippines). Retrieved June 3, 2024.
External links
[edit]| Universal banks | |
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| Government banks | |
| Commercial banks | |
| Thrift banks | |
| Digital banks | |
| Other banks | |
| Defunct |
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