The Philippine banking industry's ongoing embrace of digitalization and open finance is anticipated to revolutionize how financial services are provided, mainstream digital currencies, improve the revenue-generating potential of financial institutions, and stimulate economic growth. The sector's digitization efforts gained momentum as banks were compelled to explore innovative methods for offering financial services to the public during the mobility restrictions imposed during the peak of the COVID-19 pandemic.
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Bridget Rose Mesina-Romero
Director of Payments Policy and Development Department at Bangko Sentral ng Pilipinas (BSP)
Senior Director Technology Risk and Innovation Supervision Department (TRISD) of Bangko Sentral ng Pilipinas