Bank South Pacific Risk Report

🏗️ Operational & Business Continuity

Bank South Pacific (BSP) has been active in enhancing its operational resilience and expanding its offerings despite ongoing challenges. Notably, the bank has focused on increasing its digital services and infrastructure, as well as ensuring business continuity in the face of natural disasters. These efforts highlight BSP's commitment to strengthening its business operations.

• A 7.3 magnitude earthquake hit 🗓 2025-02-10 but did not stop BSP's data center operations, emphasizing their robustness.
• BSP has expanded its banking services with new ATMs at various locations 🗓 2025-03-18, improving customer access to banking services.
• The bank launched a new EFTPOS system 🗓 2025-04-08 to enhance transaction security, reflecting its focus on technological improvements.
• BSP opened a new business banking unit 🗓 2025-05-01, offering tailored solutions for local businesses and further diversifying its services.
• The bank's COO stated the shift to digital financial services 🗓 2025-05-29, indicating a strategic focus on innovation in banking operations.

📜 Innovation & R&D

Bank South Pacific has shown a continuous commitment to innovation, focusing on digital solutions and market expansion. Their initiatives align with broader trends in the financial sector, emphasizing the importance of technology in banking.

• BSP launched the Wantok Wallet 🗓 2025-02-17, aiming to reach nine million unbanked individuals in Papua New Guinea, showcasing its commitment to financial inclusion.
• The bank unveiled its rebranding and new identity 🗓 2025-04-01 as a symbolic representation of its dedication to customers, marking a new chapter in its innovation journey.