eCompareMo.com’s FINOVATION 2019: Real Problem Real Solution annual forum gathers key industry leaders, policymakers, regulators and stakeholders to discuss trends, challenges and possible solutions to improve credit access to the Filipinos.
The one-day summit goal is to provide valuable financial services to as many Filipinos as possible.
There were routable discussions covering topics from consumer behavior, industry-wide challenges to regulatory initiatives. Keynote speaker Dr. Benjamin Diokno, Bangko Sentral ng Pilipinas governor graces the event, encouraging leaders to maximize the use of technology to reach more financially underserved Filipinos.
The industry-wide challenges, identification of areas of improvement in credit infrastructure, data verification and digital ecosystem was the topic in another roundtable discussion. It aims to generate solutions that will strengthen collaboration between financial service providers and create accessible and trustworthy ecosystem.
The panel consisted of JP Ellis, co-founder and Group CEO of C88 Financial Technologies, Inc, Marlo Cruz, President and CEO of CIBI Information Inc, Marty Gonzalez, Head of Integrated Solutions Group, TransUnion and Simon Colobra, Managing Director of CRIF Corporation.
Ellis shared to Tech Patrol that Credit Score is quite significant and eCompareMo’s goal is for every “Juan” to get good credit standing by providing a digital solution.
He also mentioned that in the last few years of eCompareMo’s existence, the most number of requests done in the website are loans and insurance.
eCompareMo is part of C88 Financial Technologies, Inc and is now the country’s largest online financial market. It connects banks, loan providers, and insurers to millions of Filipinos.