BSP Funds Rural Banks’ Switch to Modern, Cloud-Based Banking

August 19, 2026

The Bangko Sentral ng Pilipinas has issued guidelines allowing rural banks to apply for funded technical assistance to move from legacy IT systems to cloud-based core banking platforms. Memorandum No. M-2026-042, signed by BSP Governor Eli Remolona Jr. on 12 August 2026, sets ou…