Financial sector digital transformation steady

We are positive that once the challenges in infrastructure have been addressed, the country is going to make its leap to digital transformation.

Jackal Ma, co-founder dan partner Tongdun Technology. (Photo: Tongdun)

The country’s rapidly evolving financial industry, open-minded and collaborative leaders, and young population combined offer a lot of opportunities for digital transformation in the financial sector. Jackal Ma, co-founder and partner of leading global risk control services provider Tongdun Technology, expresses his optimism about the adoption of digital solutions among the country’s financial institutions on the side lines of the recent Finance Philippines 2019 conference.

According to Ma, while digital payment in the country is not yet very inclusive and the infrastructure is lagging behind other countries in the ASEAN region, there has been a lot of improvements, especially in the information infrastructure.

“The Philippines is one of the most important countries in our operations in Asia. We are positive that once the challenges in infrastructure have been addressed, the country is going to make its leap to digital transformation,” Ma shares.

Asserting its position as one of the leading global providers of risk control services to financial institutions and insurance companies, Tongdun further strengthened its footprint in the Philippines with the recent extension of its partnership with the Bank of the Philippine Islands (BPI). Through the partnership, Tongdun will aid BPI in offering more accessible and sustainable digital banking solutions to its customers, especially those from unbanked communities in the country.

To help BPI reach out to more Filipinos and further improve its efficiency, Tongdun will provide customized and omnichannel solutions to help BPI’s customers access a wide range of financial products and services, including savings, payments, credit and insurance.