Jovelyn Hao, Bangko Sentral ng Pilipinas (BSP)’s FinTech Innovation and Policy Research Group acting head, said the central bank is open to leveraging the gains brought about by fintech innovations amid the pandemic.
The worldwide wearables market hit a new record high in the fourth quarter of 2021 as shipments reached 171 million units, up 10.8% from the same quarter last year.
Ayala-owned Bank of the Philippine Islands (BPI) recently launched BPI BizKo, a subscription-based digital banking platform that allows micro, small, and medium enterprises (MSMEs) to manage their business finances and provides an integrated online system for invoicing and collection.
The National Research Council of the Philippines (NRCP), an attached unit of the DOST, funded the research project to digital store and process the Hanunoo Mangyan language.
IBPAP president and CEO Jack Madrid said that while the group supports the need to fully reopen the economy, BPO employees have an overwhelming preference for a hybrid work arrangement.
Aside from venture capital, Plentina co-founder and CEO Kevin Gabayan said government grants that do not add red tape would also contribute to a startup’s progress.
Recent data from the World Intellectual Property Organization (WIPO) showed that after Cuba, the Philippines is the second country with the biggest share of women inventors applying through the Patent Cooperation Treaty (PCT), the international route for a patent protection.
