We trust that thrift banks will be at the forefront of opening basic deposit accounts. Part of our strategy is the deepening of financial education and consumer protection initiatives, as well as leveraging on available digital technology to have greater scale in banking.
Charting the course towards digitalization A FINTQ Inclusive Digital Finance Report for 2017–2018 highlighted the huge opportunities for financial service providers to innovate financial products and services that offer the greatest potential in transforming the country’s financial landscape. Thrift banks can take advantage of these opportunities. Smaller institutions can leverage on cloud technology and shared services to lower operational costs.