PH fintech groups unveil app testing platform
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The two Philippine FinTech groups FinTech Alliance.PH and FinTech Philippines Association – have announced plans to collaborate on the launch of the Philippines Fintech Industry Sandbox, which is supported by the UK Prosperity Fund Asean Economic Reform Program (Asean ERP).
“The collaboration between the fintech organizations which was announced during the World Fintech Festival on December 11, 2020 is a significant milestone towards the development of an industry sandbox in the Philippines,” said Alastair Totty, charge d’affaires at British Embassy Manila
“Through the Financial Services and Intellectual Property component of the Asean ERP, the UK is delighted to support the sandbox initiative which is a key element in the country’s digital transformation, that will help promote innovation and collaboration, and scale up business opportunities and sustainable economic recovery.”
BBC News
By John Campbell
Published
image captionInvest NI got a substantial part of its budget from two EU funds, the ERDF and the ESF
Invest NI - Northern Ireland s economic development agency - is facing a potential funding shortfall due to the loss of EU grants.
A substantial part of its budget was from an EU fund, the ERDF.
These funding sources will be sharply reduced as a result of Brexit.
Economy Minister Diane Dodds said the new UK Shared Prosperity Fund would provide significantly less than the EU schemes.
Mrs Dodds, of the DUP, said the Department for the Economy and its arms-length bodies, which include Invest NI, typically got about £100m a year from EU sources.
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12/12/2020 00:01 GMT+7
Vietnam-RoK consultancy and technology solution centre inaugurated
The Vietnam – Republic of Korea consultancy and technology solution centre (VITASK) was inaugurated during a ceremony in Hanoi on December 11.
Funded by the official development assistance, the centre is a joint project between the Vietnamese Ministry of Industry and Trade and the Korean Ministry of Commerce, Industry and Energy (MOTIE) with an aim to help Vietnamese enterprises operating in automobiles, electricity and electronics join the global value chain.
Korean experts will offer technical support to Vietnamese businesses, provide training for engineer students, and build experimental infrastructure to review product functions.