One outcome of the coronavirus pandemic has been a massive acceleration of the digital transformation process. Nowhere is this more evident than in the finance industry, where Covid-19 prompted a complete overhaul of legacy processing systems and the widespread implementation of what are known as ABCD technologies – a catch-all term that encompasses artificial intelligence (AI) and automation, blockchain and bitcoin, cloud computing, and digital and data-driven solutions.
Demand for Bitcoin has been surging globally since the beginning of the coronavirus pandemic, with interest reaching a fever pitch early this year. While it is not without its potential pitfalls, emerging economies are increasingly looking to cryptocurrencies as a way to drive their recoveries from the economic fallout of the virus.
Interviews & Viewpoints | Benjamin E Diokno, Governor, Bangko Sentral ng Pilipinas (BSP): Interview from The Report: Philippines 2021
What is your assessment of the BSP’s ability to mitigate the economic challenges brought about by the pandemic and facilitate recovery?
Interviews & Viewpoints | Sanjiv Vohra, President and CEO, Security Bank: Interview from The Report: Philippines 2021
Which factors help banks alleviate the economic implications of the pandemic?
Articles & Analysis | New offerings seen from Philippine banks amid Covid-19 from The Report: Philippines 2021
The Philippines is experiencing a boom in digital banking as a result of the Covid-19 pandemic, with several digital-only banks announcing plans to enter the market and legacy banks rapidly upgrading their online offerings. East-West Banking Corporation, the country’s 11th-largest bank by assets, launched its own fully digital bank, Komo, in...