Diokno: BSP backs fintech innovations

Bangko Sentral ng Pilipinas Governor Benjamin Diokno said pushing for the responsible use of financial technology remains a priority agenda of the regulator because of its significant impact to financial inclusion efforts of the government.

In front of a diverse audience comprised of both public and private fintech stakeholders, Diokno talked about the BSP’s policy goals on financial innovation, safety and resilience, and consumer protection during the Bank of Thailand and International Monetary Fund high-level conference held recently.

“The adoption of fintech innovations has provided support to the BSP’s thrust to foster a responsive, efficient, and inclusive financial system. Because of this, fostering the responsible use of fintech is a priority agenda of the BSP,” Diokno said in his speech.

Diokno also shared insights on the BSP’s financial technology roadmap band and how it addresses the 12 policy considerations laid out in the Bali Fintech Agenda.

Topics: Bangko Sentral ng Pilipinas , BSP Governor Benjamin Diokno , fintech innovations
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