The Philippines is building on sustainable financing to expand the tax base while curbing inflationary pressures. In an uncertain global economy and facing geopolitical tensions, sustainable financing means having a balanced and stable growth while innovation is making productive use of technology to achieve this goal.
To combat climate change and strengthen vulnerable communities, Philippine finance secretary Carlos Dominguez seeks to expand the ASEAN framework of green bonds to include sectors such as transportation, infrastructure and commercial banking. From the everyday ride-hailing and e-payments to infrastructure for financial integration, APIs link up the consumer, retailer and financial services providers with data processers running in the background.
This digital economy would not be complete without regulatory technology (regtech) for transparent and stable investments. As cryptocurrency is recognized as a digital asset in the northern-most Cagayan Economic Zone Authority (Ceza), sustainable innovation is in the interest of the whole Philippines financial services.
Finance Philippines 2019 is the leading annual conference for fostering sustainable innovation not only among financial institutions like banks and insurance companies, but also disruptors and related players. The conversations during the event will help to update the leaders and decision makers with the latest ideas from key influencers on the transformational issues shaping the financial services industry.
Prior to his appointment as BSP Governor, Dr Diokno served as Budget Secretary at the Department of Budget and Management (DBM)... Read more
President, Bankers Association of the Philippines... Read more