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Fintech Sector in the Philippines can Play a Key Role in Collecting Data for Climate-related Issues, Industry Professional Says
December 16, 2020 @ 11:24 pm By Omar Faridi
The Fintech industry could leverage its tools and capabilities to gather climate-related data in the Philippines, which would be in line with the nation’s goal of supporting sustainable financing, according to
FintechAlliance.ph Chairperson
Angelito M. Villanueva.
In statements shared with local news outlet, the BusinessMirror, Villanueva noted that the Fintech sector could potentially help with estimating climate-related risks for green financing.
Villanueva remarked:
“We (the Fintech industry) can play a big role in the collection of data as climate-related [information] is not available. We need to properly quantify the cost of climate-related risk.”
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