PLDT Enterprise has expressed its commitment to reinforcing its programs that accelerate the digital adoption among local banks and support the needs of the increasing number of consumers of digital financial services.
During the Fintech Asia Summit
2022, PLDT FVP and Enterprise Revenue Group Head Vic Tria said that they are
continuing their network buildout, together with Smart, to strengthen the
capacity of consumers, banks, and businesses to transact digitally.
“This pandemic has delivered
unexpected changes and challenges for the banks, as many Filipinos were forced
to become part of the digital banking ecosystem. And as a result, we’ve seen an
increased emphasis on digital even among rural and cooperative banks specially
with increasing fintech players in the country,” said Tria.
The PLDT Enterprise executive
noted that PLDT has allocated P88 billion in capex guidance last year, and
network upgrades continue to represent the bulk of capital expenditures, as the
Group ensures consistent delivery of superior customer experience.
“All of this to equip digital
consumers, as we continue to invest in new technologies and solutions,
cybersecurity, and data center facilities for the banks, ensuring a really
capable digital environment,” Tria shared.
FinTech Asia Summit 2022 is a
digital conference that brings together the most influential leaders of the
global financial and business community to discuss relevant developments and
trends in finance.
This aims to help finance
professionals and entrepreneurs with their roadmap against the pandemic, and
enable the delegates in the financial services industry to discover ways of
driving profitability and consumer satisfaction through innovation.
“The Fintech Asia Summit is not
an event – but a community. A community of innovators, builders and leaders
working together to build a better industry. FinTech is not only an enabler but
the driving engine,” said Dhinesh Kumar, CEO & Founder of Point To Business
Services Private Limited.
Tria joined the panelist
composed of esteemed guests and speakers from different financial institutions
across the globe, including the Managing Partner of Blockchain Founders Fund
Aly Madhavji, Bank of Thailand Payment Systems Policy Department Deputy Director
Pariwat Kanithasen, Paytm Money Chief Executive Officer Varun Sridhar, and
Chief Digital Officer of Allied Digital Services Ltd, Utpal Chakraborty.
Meanwhile, PLDT Group and Smart
Communications' FVP and Group Chief Information Security Officer (CISO) Angel
Redoble delivered the opening remarks for the event’s first discussion on the
importance of visibility in cybersecurity.
“In cybersecurity, if you have
no visibility over an asset and what is going on inside that asset, then you
have no control over that asset and there is no way you can protect that
asset,” Redoble underscored.
The PLDT Group CISO also advised companies that before strategizing their cybersecurity and acquiring technologies to protect their organization, they first need to ensure 100 percent visibility in their assets and to consider all assets as critical, without discriminating any devices.
PLDT Enterprise is a gold
sponsor of the FinTech Asia Summit 2022.
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