Our regulatory environment also enables the promotion of financial technology (fintech). In a country like the Philippines where mobile phone penetration is high, it is prudent for financial regulators to recognize the potential of fintech to hasten financial inclusion.
The second proposal would explicitly designate activities in MDIs, women-owned financial institutions, and low-income credit unions as a potential pathway to achieving  -7an “outstanding” CRA rating. The purpose of this provision would be to elevate the profile of and create more incentives for activities with these mission-oriented institutions.