The Fintech Alliance Philippines has announced the addition of new members, including Bank of the Philippine Islands (BPI), SGV & Co., SeaBank, SID Global, Collabera Digital, PisoPay, The Orange Company, and TIM Corp.
Founded in 2017, the Fintech Alliance Philippines represents over 100 corporations, accounting for 95% of retail digital financial transaction volume in the country.
The alliance shared that it was the first in Asia to adopt a Code of Ethics and Code of Conduct and published the country’s first Taxonomy of Fintech in 2019.
The alliance has also launched a multi-sectoral cybersecurity awareness campaign, #WagMagpalokoMagingScamAlerto, in collaboration with regulators, law enforcement agencies, media, and consumer groups, including the Bangko Sentral ng Pilipinas and the Philippine National Police.
Reflecting the fintech industry’s rapid expansion, the alliance is processing over 50 new membership applications.
Initiatives like the annual Fintech Philippines Report by Fintech News Philippines which highlights key industry players and promote digital innovation and collaboration.
In 2023, the alliance showcased the largest Bagong Pilipinas: The Philippines Country Pavilion at the Singapore Fintech Festival, attracting over 60,000 participants from more than 70 countries.
Looking ahead, the Alliance is preparing for the Manila Tech Summit on AI Unlocked: Shaping Our Digital Future, scheduled for 6-8 August 2024.
This summit will explore emerging trends and digital customer behavior, with partners including the Asian Institute of Management and the Philippine Marketing Association.
“With cross-industry organisations joining our digital community, we are optimistic that our collective aim to innovate, adapt, grow, and thrive to stay on top of emerging trends and changing customer behaviors will further be amplified,”
said Lito Villanueva, Founding Chairman of the Fintech Alliance PH and RCBC EVP and Chief Innovations and Inclusion Officer.
