Global digital financial solutions provider additiv has expanded its presence in the Asia Pacific region by opening a new office in Manila, Philippines. The move aims to support the digital transformation efforts of financial institutions within the country’s digital finance sector.

The Philippines is currently experiencing significant economic growth and a surge in digital financial service adoption. It is mainly driven by high mobile usage and a growing demand for wealth management solutions.

Hence, seems additiv’s expansion is quite timely. The new office, situated in the financial hub of Makati, will enable closer collaboration with local financial institutions. The location of the office can also provide access to the country’s burgeoning fintech talent pool.

additiv’s General Manager and Head of Asia Pacific, Anurag Pandey, emphasised the Philippines’ crucial stage in its digital finance journey. He pointed out the country’s strong regulatory support and an increasing middle class seeking innovative investment options. Anurag states that their new Manila office positions additiv centrally within this transformation.

“By bringing our financial services platform to the region, we are helping financial institutions unlock new revenue opportunities while improving financial access for millions,” Anurag said.

Nils Frowein, CEO of additiv, mentioned that the company recognises the Philippines as a rapidly emerging force in digital finance. He expressed some excitement about bringing additiv’s expertise to such a dynamic and diverse market.

He was caught saying “This expansion enables us to better serve financial institutions looking to scale their digital wealth offerings and reinforces our commitment to enabling seamless, customer-centric financial services.”

additiv’s platform offers a range of digital solutions for wealth and asset management, credit, and insurance, incorporating features like omni-channel capabilities, automation, and AI-powered insights.

The establishment of the Manila office further solidifies additiv’s position as one of the enablers of digital finance in Southeast Asia, ensuring their continued presence at the forefront of financial innovation across the region. Headquartered in Switzerland, additiv serves over 400 financial institutions globally.

Featured image credit: Edited from Pexels.