In an era where technology quickly reshapes industries, the finance sector stands on the brink of a major transformation. With the roll-out of the National Strategy for Financial Inclusion and the introduction of Open Finance frameworks, Globe Business has taken a pioneering step to position itself as a leader in digital enablement for the finance sector.
This initiative was showcased in "Breakthrough: A Web Series Introducing a World of Financial Possibilities," which aims to bring cutting-edge financial technologies to the forefront of business operations and strategy.
The first part of the series was designed to educate financial service institutions on the concept of Open Finance and its potential benefits for their businesses. The second webinar, slated later this month, will focus on fintech, improving backend efficiencies, leveraging CX to grow customer base, and building business resilience through cybersecurity.
“Globe Business is excited to help bring these opportunities to Philippine financial businesses. We commit to providing tailored solutions and technologies that your businesses need to succeed with your Open Finance journey,” said KD Dizon, Head of Globe Business.
“As we embark on this journey of exploration and discovery, let us open our minds to the possibilities that lie ahead. We at Globe Business are truly excited to empower Filipino businesses with innovation that propels businesses towards growth and drives financial inclusion in the country,” she added.
The webinar addresses the specific needs of diverse subsegments within the finance sector, including banking and non-banking institutions, cooperatives, microfinance, insurance, and pawnshops.
This targeted approach ensures that the solutions and strategies discussed are applicable and actionable for businesses at various stages of digital maturity, tailoring insights to the unique challenges and opportunities each segment faces.
The series kicked off with insights from Anatoly “Jing” Gusto, Bank Officer V of Bangko Sentral ng Pilipinas; Imelda “Ida” Tiongson, President and CEO of Opal Portfolio Investments; and Alan Ainsworth, Open Finance Lead of the Cambridge Judge Business School. Each speaker brought a unique perspective on the framework's principles, its potential for innovation, and the practical challenges of adoption.
The discussions showed that financial institutions actively seek opportunities for upskilling to close gaps in their operations or discover innovative approaches to enhance their existing technology programs.
These businesses also seek resources to understand new financial frameworks, the best technological applications, and successful tech transformation stories. By integrating these insights and practices into their operations, they seek to boost their competitiveness in the market.
The "Breakthrough" webinar series represents a significant step forward in Globe Business' journey toward a more inclusive and technologically adept financial ecosystem. Initiatives like these not only help individual businesses adapt and thrive but also contribute to the country's financial inclusion and technological advancement.
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