UBX sets up advocacy foundation for inclusive Open Finance in PH

Called the Philippine Open Finance Foundation, the institution aims to make the adoption of Open Finance as a technology that empowers Filipino consumers with the right set of financial tools and solutions for their needs.

Initiatives include advocating the inclusion of finance in the Philippine education system, dialogs with the relevant government institutions, especially the Bangko Sentral ng Pilipinas and the Department of Information and Communications Technology and strong collaboration with industry players to realize the benefits of Open Finance.

Open Finance enables participants to acquire customers at scale, develop solutions specific to the unbanked, underbanked, and growing businesses, and provide consumers with greater choice and control over their data

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Visa-Brankas tie-up amplifies digital banking with new Open Finance products - BusinessMirrorVISA has tapped Brankas as its first partner in Southeast Asia to offer live access to its Open Data products which, in turn, could help increase financial inclusion in the region. Both companies have been collaborating on data and money movement initiatives for months, leveraging on each other’s expertise in Open Finance, global payments, and
Source: BusinessMirror - 🏆 19. / 59 Read more »