Live Breaking News & Updates on Uot He Added Diokno Said The Central Bank Is Also Set To Issue Policies On Outsourcing And Regulatory Sandbox Or Quot Test Learn Framework That Are Expected Further Facilitate Digitalization Among Smaller Institutions

BSP Governor Benjamin Diokno (file photo) MANILA - The government continues to strengthen its partnership with banks and related institutions to further improve the level of digital payments in the country. In his speech during the Chamber of Thrift Banks (CTB) virtual convention on Tuesday, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno highlighted the importance of banks' contribution in increasing the public's access to improved financial services and their cooperation in the reforms towards financial inclusion. "Thrift banks are strategically positioned to be a catalyst for financial inclusion with an extensive network of 2,744 banking offices as of end-August 2021 that are spread in different regions throughout the country," he said. Diokno said the country's strong macroeconomic fundamentals and ongoing reforms can be used by the thrift banking sector in the quest to be more resilient post-pandemic. He said the central bank, for one, has issued t ....

Benjamin Diokno , Bangko Sentral , Rodrigor Duterte , Land Bank , Thrift Banks , Governor Benjamin Diokno , Open Finance Framework , Philippine Identification System , President Rodrigo , Republic Act , Philippine Identification System Act , Bsp Governor Benjamin Diokno File Photo Manila The Government Continues To Strengthen Its Partnership With Banks And Related Institutions Further Improve Level Of Digital Payments In Country His Speech During Chamber Thrift Ctb Virtual Convention On Tuesday , Angko Sentral Ng Pilipinas Bsp Governor Benjamin Diokno Highlighted The Importance Of Banks 39 Contribution In Increasing Public 39s Access To Improved Financial Services And Their Cooperation Reforms Towards Inclusion Quot Thrift Are Strategically Positioned Bea Catalyst For With An Extensive Network 2 , 744 Banking Offices As Of End August 2021 That Are Spread In Different Regions Throughout The Country , Uot He Said Diokno The Country 39s Strong Macroeconomic Fundamentals And Ongoing Reforms Can Be Used By Thrift Banking Sector In Quest To More Resilient Post Pandemic Central Bank , For One , As Issued The Open Finance Framework That Promotes Consent Driven Data Portability , Nd Collaborative Tie Ups Among Financial Institutions And Third Party Providers Quot Through 39 Permission Based Access To Customer Information , Inancial Institutions And Third Parties Will Gain Access To Financial Information Necessary Develop Innovative Products Services That Are Suited The Changing Consumer Needs , Uot He Added Diokno Said The Central Bank Is Also Set To Issue Policies On Outsourcing And Regulatory Sandbox Or Quot Test Learn Framework That Are Expected Further Facilitate Digitalization Among Smaller Institutions , Uch As Thrift Banks Another Measure In The Pipeline Is Development Ofa Quot Course On Digital Transformation To Assist Preparing Fora Ready Culture And Environment , E Said Diokno Also Underscored The Importance Of Implementation Philippine Identification System Philsys Or National Id Since This Will Not Only Provide Filipinos Witha Unique , Nd Biometric Based Digital Identity , Ut Also Increases Bank Account Ownership Under The National Id Program , Sp Has Teamed Up With The State Owned Land Bank Of Philippines Landbank To Provide Applicants Who Do Not Havea Account Open One At Same Site Where Biometrics For National Id Is Being Gathered Signed Into Law By President Rodrigor Duterte In August 2018 , Epublic Act 11055 ,