Philippine fintech startup Salmon is seeking a savings bank license for Santa Rosa Rural Bank as it expands its operations in the country.
“Right now what we can see is that a savings bank will make sense, but we need to make sure we are ready, capital-wise, and meet all the potential criteria of the BSP. We have all the processes in place to do it. But this is our ambition. A savings bank,” Raffy Montemayor, co-founder and business leader of Salmon Group, told reporters on Friday.