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{{Infobox company
{{Infobox company
| name = GoTyme Bank
| name = GoTyme Bank
| logo =
| logo = GoTyme Bank logo.svg
| industry = {{Unbulleted list|[[Financial services]]|[[Banking]]}}
| industry = {{Unbulleted list|[[Financial services]]|[[Banking]]}}
| key_people = Nathaniel Clarke (President and [[CEO]])<br>Albert Tinio (co-CEO and [[Chief commercial officer|CCO]])
| key_people = Gedeon Manlulu (President and [[CEO]])<br>Albert Tinio (co-CEO and [[Chief commercial officer|CCO]])
| hq_location_city = [[Quezon City]]
| hq_location_city = [[Quezon City]]
| hq_location_country = [[Philippines]]
| hq_location_country = [[Philippines]]
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| parent = [[JG Summit Holdings|Gokongwei Group]]
| parent = [[JG Summit Holdings|Gokongwei Group]]
}}
}}
[[File:GoTyme Bank Debit Card.jpg|thumb|A GoTyme Bank debit card powered by [[Visa Inc.|Visa]]]]
'''GoTyme Bank''' is a Filipino [[direct bank]] and a subsidiary of the [[JG Summit Holdings|Gokongwei Group]].<ref>{{cite web|url=https://business.inquirer.net/425538/gotyme-bank-eyeing-vietnam-expansion |title=GoTyme Bank eyeing Vietnam expansion|date=9 October 2023|first=Alden M.|last=Monzon|website=INQUIRER.net|access-date=10 October 2023}}</ref><ref>{{cite web |title=Gokongwei Group master brand launched|url=https://mb.com.ph/2022/08/25/gokongwei-group-master-brand-launched/|date=25 August 2022|first=James A. |last=Loyola|website=Manila Bulletin|access-date=10 October 2023}}</ref>
'''GoTyme Bank''' is a Filipino [[direct bank]] and a subsidiary of the [[JG Summit Holdings|Gokongwei Group]].<ref>{{cite web|url=https://business.inquirer.net/425538/gotyme-bank-eyeing-vietnam-expansion |title=GoTyme Bank eyeing Vietnam expansion|date=9 October 2023|first=Alden M.|last=Monzon|website=INQUIRER.net|access-date=10 October 2023}}</ref><ref>{{cite web |title=Gokongwei Group master brand launched|url=https://mb.com.ph/2022/08/25/gokongwei-group-master-brand-launched/|date=25 August 2022|first=James A. |last=Loyola|website=Manila Bulletin|access-date=10 October 2023}}</ref>


==History==
==History==
The creation of GoTyme Bank was planned in 2021 by the Gokongwei Group as a joint venture with [[South Africa|South African]]-owned [[TymeBank]]. Meanwhile, the Gokongwei Group secured a certification to operate a digital bank from the [[Bangko Sentral ng Pilipinas]] in 2022.<ref>{{cite web |title=Digital bank GOTyme eyes mid-2022 launch: Lance Gokongwei|url=https://news.abs-cbn.com/business/09/24/21/digital-bank-gotyme-eyes-mid-2022-launch|date=24 August 2021|first=Jessica |last=Fenol|website=ABS-CBN News|access-date=10 October 2023}}</ref><ref>{{cite web |title=Digital banking in Philippines sees new contender, GOtyme|url=https://techwireasia.com/2021/08/digital-banking-in-philippines-sees-new-contender-gotyme/|date=24 August 2021|first=Jamilah |last=Lim|website=Tech Wire Asia|access-date=10 October 2023}}</ref>
The creation of GoTyme Bank was planned in 2021 by the Gokongwei Group as a joint venture with [[South Africa|South African]]-owned [[TymeBank]]. The Gokongwei Group secured a certification to operate a digital bank from the [[Bangko Sentral ng Pilipinas]] in 2022.<ref>{{cite web |title=Digital bank GOTyme eyes mid-2022 launch: Lance Gokongwei|url=https://news.abs-cbn.com/business/09/24/21/digital-bank-gotyme-eyes-mid-2022-launch|date=24 August 2021|first=Jessica |last=Fenol|website=ABS-CBN News|access-date=10 October 2023}}</ref><ref>{{cite web |title=Digital banking in Philippines sees new contender, GOtyme|url=https://techwireasia.com/2021/08/digital-banking-in-philippines-sees-new-contender-gotyme/|date=24 August 2021|first=Jamilah |last=Lim|website=Tech Wire Asia|access-date=10 October 2023}}</ref>


On October 20, 2022, GoTyme Bank was formally launched. Given the fact the Gokongwei Group owned [[Robinsons Bank]] when it launched, JG Summit President [[Lance Gokongwei]] stated that the [[Ayala Corporation|Ayala]]-owned [[Bank of the Philippine Islands]] will be GoTyme Bank's shareholder once BPI's merger with Robinsons Bank is completed.<ref>{{cite web |title=Gokongwei Group launches digital bank GoTyme|url=https://news.abs-cbn.com/business/08/24/22/6-digital-banks-allowed-to-fully-operate-bsp|date=20 October 2022|first=Jekki |last=Pascual|website=ABS-CBN News|access-date=10 October 2023}}</ref>
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 Corporation|Ayala]]-owned [[Bank of the Philippine Islands]] will be GoTyme Bank's shareholder once BPI's merger with Robinsons Bank is completed.<ref>{{cite web |title=Gokongwei Group launches digital bank GoTyme|url=https://news.abs-cbn.com/business/08/24/22/6-digital-banks-allowed-to-fully-operate-bsp|date=20 October 2022|first=Jekki |last=Pascual|website=ABS-CBN News|access-date=10 October 2023}}</ref>

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-government approach|“Whole-of-Society”]] approach aims to fight financial [[fraud]], including [[cyberattack]] on [[e-commerce]] transactions, in collaboration with Scam Watch Pilipinas.<ref>{{cite news |last1= Ayeng|first1=Raffy |title=GoTyme, CICC step up collab vs. financial fraud|url= https://tribune.net.ph/2024/06/03/gotyme-cicc-step-up-collab-vs-financial-fraud|accessdate=June 3, 2024 |publisher=[[Daily Tribune (Philippines)]] |date=June 3, 2024}}</ref>


==See also==
==See also==
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[[Category:Banks established in 2022]]
[[Category:Banks established in 2022]]
[[Category:JG Summit Holdings subsidiaries]]
[[Category:Banks of the Philippines]]
[[Category:Banks of the Philippines]]
[[Category:Online banks]]
[[Category:Online banks]]
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{{Banks of the Philippines|state=expanded}}
{{Banks of the Philippines|state=expanded}}
{{JG Summit Holdings}}

{{asia-bank-stub}}
{{asia-bank-stub}}
{{Philippines-company-stub}}
{{Philippines-company-stub}}

Latest revision as of 17:57, 9 November 2024

GoTyme Bank
Industry
FoundedOctober 20, 2022; 2 years ago (2022-10-20)
Headquarters,
Key people
Gedeon Manlulu (President and CEO)
Albert Tinio (co-CEO and CCO)
ParentGokongwei Group
Websitewww.gotyme.com.ph
A GoTyme Bank debit card powered by Visa

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]

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

[edit]

Reference

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