4 Financial Technology Trends in 2023
As a marketer, I make sure that I'm updated in terms of Financial Technology Trends to make sure that we aren’t missing out on important things to know. With this, I share the FinTech trends this year. GROWTH OF DIGITAL BANKS The Bangko Sentral ng Pilipinas (BSP) believes that the emergence of digital banks has the potential to fundamentally alter how traditional brick-and-mortar banks provide financial products and services. When attempting to enhance financial and digital inclusion throughout the nation, the Philippine government has given e-commerce and electronic payment systems top priority. Digital banks don't have physical branches, sub-branches, or branch-lite units; instead, they offer end-to-end financial products and services via a digital platform and/or electronic channels. It enables safe transactions anytime, anywhere. It also enables fast circulation of digital currency, cultivate users' payment habits, optimize payment settings and promote economic developmen…
