Gae Martinez

Great news! Mojaloop-enabled Higala, the Philippine's first IIPS, will help modernize the country’s digital financial infrastructures. It will become a financial superhighway that will connect thrift banks, rural banks, and microfinance institutions so that the entire population, especially the underserved segments, has access to financial services.   Higala has been freshly launched and seed-funded by Chemonics International and our members Talino Venture Studios. Read all about it in the press release: https://lnkd.in/dv7wawH2 #financialinclusion #tech #fintech

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The Government of the Philippines aims to enhance the cost-effectiveness of the Philippine Crop Insurance Corporation (PCIC), a public sector entity. Simultaneously, the goal is to facilitate private sector participation, rationalize the premium subsidy regime, and enhance the delivery of agricultural insurance services to Philippine farmers. The Bureau of the Treasury requested technical support from the World Bank team. To address this demand, the World Bank team identified a two-phased approach. This technical report presents the World Bank’s findings from Phase 1, including the review of PCIC’s operations, the roadmap, and recommendations for strengthening and reforming agricultural insurance in the Philippines.   The technical report is now available.  Please read here or download via this link: https://lnkd.in/gzFX7b7G   The study has been funded by SEADRIF program Multi-Donor Trust Fund with a contribution from the Ministry of Finance of Japan.

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My latest auto blog for Security Bank.

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Is this also true for you? 🤔 Don't let retirement catch you off guard! Check out these eye-opening insights and start planning your financial future today: https://bit.ly/3UuzNME #ManulifeRetirementPlans #retirement #FutureBoostRetirement

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Read about the 4 things you need to remember before getting an auto loan. Written by yours truly.

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🇵🇭🔍 Embedded Banking Addresses Loan Supply Shortage 📊 As highlighted in previous posts: - 57% of borrowing Filipinos use informal lenders - Banks only supply 4% of retail loans - Over 55% of the adult population can't access formal loans due to a dearth of IDs and financial tracking - Credit card penetration is less than 3% 🌐 Before digital banks and fintechs started tackling this opportunity, foreign banks applied embedded banking to address underserved loan segments. 🏦🇲🇾CIMB: Early Embedded Banking Model - CIMB entered the Philippines in 2018, pre-dating the Digital Bank license in 2021. - 1 HQ and no branches. - Employed an embedded banking model to offer financial services via e-commerce and payment platforms like GCash, Shopee and Lazada. 🌟 This embedded banking strategy uses partners as a customer acquisition vehicle, circumventing traditional branches and directly integrating banking services into online platforms, which brings banking access to millions. This model works because banks leverage platforms like GCash, Shopee and Lazada, to 1 Rapidly acquire customers 2 Gather financial data to know their customers 3 Lend to traditionally excluded customers at low cost with less risk 🔗 Without branches, neo banks like CIMB and SeaBank can scale while keeping costs low in ways traditional banks with their branch focused model cannot. This also enables them to serve markets previously considered not profitable. Another example is Shopee's Seabank. 🌏🇸🇬 SeaBank: E-commerce Platform + Embedded Banking - SeaBank Philippines is a rural bank acquired by e-comm platform Shopee in 2021 - It uses its own platform to provide low-risk loans to merchants, similar to CIMB. - With 1 million monthly active sellers and 160 million active users, Shopee has a wealth of customer penetration and user data to leverage. - SeaBank takes advantage by embedding loan and deposit services within Shopee. 🚀 Impact & Growth - CIMB loans 3x between early 2022 to end 2023 - SeaBank loans surged 4x from 2022 - SeaBank deposits up 46% from 2022 💬 What This Means for the Digital Loans Landscape These lenders are quietly revolutionizing access to credit. This is especially important in the Philippines, where lack of documentation is a leading barrier. Banks leverage platform data to overcome that barrier. However, if platform data continues to remain siloed, this could create a deep dependency on these e-commerce platforms as both sources of income and banks. In such an environment, consumers’ choices may be limited. Follow along as I continue to explore how these changes are reshaping the financial landscape in the Philippines 📉📈 #Fintech #DigitalBanking #Philippines #Credit #FinancialInclusion #EmbeddedBanking

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4 (na) Komento

𝐓𝐞𝐜𝐡 𝐭𝐨 𝐭𝐫𝐚𝐧𝐬𝐟𝐨𝐫𝐦 𝐭𝐡𝐞 𝐜𝐨𝐮𝐧𝐭𝐫𝐲 GoTyme Bank Co-CEO Albert Tinio attended the Philippines CIO Association (PCIOA) Inaugural Meet-up held on June 5, 2024 at the National Cybercrime Hub in BGC, Taguig City. Tinio (first from right) is PCIOA's adviser for Digital Finance and Assets. PCIOA is a community of technology leaders who harness the power of technology to transform the Philippines into a more prosperous and inclusive digital economy. Its mission includes: (1) promotion of the proper use of appropriate technology and digital assets toward a digital and sustainable nation; (2) protection of critical assets thru risk management and protective technologies to ensure business resilient operations; (3) empowerment of women and youth in learning new and emerging technologies and practices through diversity, inclusion and equity; and (4) strengthening of leadership capabilities within the transforming environment toward strong governance and business growth.

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Article written by yours truly on how Security Bank’s Car Loan Calculator can help you decided on your next automobile purchase.

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Protect yourself and your data. Know more about how you can improve your cybersecurity. Phishing scams remain pervasive in the online world, with some of the schemes having the ability to deceive users to look like legitimate ones. Common Signs of Phishing Email Here are some of the usual characteristics of a phishing email: • Suspicious attachments or URL • Generic greetings • Mismatched domain name • Threats or sense of urgency • Questionable grammar • Requests for private information or details How to Protect Yourself • Do not provide any personal information or details • When in doubt, contact the financial institution yourself to confirm • Never click a suspicious attachment or links • Ignore unsolicited requests of information iCare | Trusted HMO in the Philippines #SayYesToBetterHealth

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🚀 Elevate Your Marketing Game with Virtual Coworker! 🎯 Are you ready to transform your marketing strategy? Watch our latest video to see how our expert virtual assistants from the Philippines can boost your brand and drive results. At Virtual Coworker, we connect you with top marketing professionals skilled in social media management, content creation, SEO, PPC advertising, and more. Our dedicated remote talent is here to help you achieve your marketing goals, all while maintaining a healthy work-life balance. 🌟 Why Choose Virtual Coworker? • Access to expert marketing talent • Cost-efficient solutions • Flexible and scalable support • Commitment to work-life balance Join us and take your marketing to the next level! Fill out the form to get started today. #VirtualCoworker #MarketingExcellence #MarketingSolutions #DigitalMarketing

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