TrustDecision Highlights Role of Rural Banks in Financial Inclusion at RBAP 67th Charter Anniversary Symposium

TrustDecision recently participated in the Rural Bankers Association of the Philippines (RBAP) 67th Charter Anniversary Symposium, focusing on the pivotal role of rural banks in advancing digital and financial inclusivity across the Philippines.

June 6, 2024

2 minutes

Yuqi Chen

Bacolod City, Philippines —TrustDecision recently participated in the Rural Bankers Association of thePhilippines (RBAP) 67th Charter Anniversary Symposium, focusing on the pivotal role of rural banks in advancing digital and financial inclusivity across thePhilippines. With an estimated 35 million unbanked Filipinos, mostly in rural areas of the country’s 7,641 islands, rural banks are vital in connecting nearly half of the population to essential financial services.

 

During the symposium, TrustDecision's Chairman, Jackal Ma, delivered a key note highlighting the company’s use of advanced analytics to foster digital and financial inclusion. “When a country’s digital popularity exceeds digital literacy, it’ll cause a lot of problems, including huge financial loss for the society. To really help organizations solve this problem, we onboard an end-to-end solution to offer all-round protection against fraud and credit risks”, Ma explained, “By leveraging data across identities, devices, behaviors, transactions, locations, and channels, we aim to provide accessible security solutions that meet the diverse needs of all financial entities.”

 

TheTrustDecision booth served as a center for discussions on industry challenges and solutions, featuring engagements led by Country Head of the Philippines, Anzel Rubio, Regional Director, Jim Luo, and Regional Consultant, Kent Chong. These conversations focused on how TrustDecision's innovative approaches can help accelerate growth and enhance security for rural banks to secure transaction and facilitate growth.

 

Theevent also featured valuable contributions from notable industry leaders including Ms. Anacleta Aboyme, President of RBAP, Rafael Amparo, ExecutiveDirector of RBAP, Hon. Alfredo Abelardo Benitez, Mayor of Bacolod City, andHon. Bernadette Romulo-Puyat, Deputy Governor of Bangko Sentral ng Pilipinas.Additionally, Mr. Melchor T. Plabasan, Senior Director of Technology Risk andInnovation Supervision Department at BSP, and Ms. Lynette V. Ortiz, President and CEO of the LandBank of the Philippines, offered significant insights into regulatory and technological advancements.

 

"TrustDecision is committed to continuing our support for rural banks as they play a crucial role in expanding financial inclusion and connectivity across the nation. Together, we can move the society" Ma concluded.

 

For more information, please visit https://trustdecision.com/

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