Aiming to strengthen financial literacy and inclusion in the Philippines, eCompareMo — the country’s leading website for banking and insurance services — presented Finovation 2019: Real Problems, Real Solutions.
First held in 2018, the event facilitated thought leadership to simplify and provide valuable financial services for more stakeholders.
Held on September 25 at the Manila Peninsula Hotel, Finovation brought together nation’s leading banks, insurance companies, government regulators, and policymakers to address the financial needs of Filipinos, most especially credit access, via innovative and technical solutions.
eCompareMo CEO Stephanie Chung sees this as a golden opportunity to improve access to proper financial education, reiterating that this is the first step toward reimagining credit access and strengthening financial infrastructure. “Filipinos need to understand that they need to educate themselves first about these financial concepts,” says Chung. “At the same time, industry leaders need to help the public understand what they must do to empower themselves financially, so more people can close the gap between being a rejected applicant to somebody who the banks will consider for credit services.”
Headlining this year’s event was Governor Benjamin Diokno of the Bangko Sentral ng Pilipinas.