PLDT Enterprise reinforces support to accelerate digital adoption in PH banks

(Manila, Philippines – February 02, 2022) PLDT Enterprise has expressed its commitment to reinforce 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.

For more information, visit pldtenterprise.com