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Business groups push financial consumer protection bill


Published July 19, 2021, 2:46 PM
Some 16 local and foreign business groups have strongly urged for the immediate enactment of the proposed Financial Consumer Protection (FCP) Act, which seeks to protect consumers amidst the growing complexity in financial services, especially digital services.
In a statement the business group said that the intricate development of financial products and services resulting from advancements in technology has opened countless opportunities for financial markets and consumers alike. It also poses new risks, particularly to financial consumers.
“Reality has shown how financial products, including financial services accessed through digital channels, are susceptible to fraud or used for fraudulent purposes,” according to a statement. ....

United States , Association Executives , Commerce Of The Philippines Inc , Philippine Women Economic Network , Nordic Chamber , Shareholder Association Of The Philippines , Investment House Association Of The Philippines , Cebu Leads Foundation , American Chamber , National Real Estate Association Inc , Professionals Inc , Cebu Business Club , Financial Executives Institute Of The Philippines , Alliance Ph Guild , Management Association Of The Philippines , Philippine Life Insurance Association , Philippine Retailers Association , Philippine Council Of Association , Institute Of Asia , Women Business Council Philippines , Foundation Inc , Financial Consumer Protection , Financial Executives Institute , Real Estate Entrepreneurs , Investment House Association , Intellectual Property ,

Leveling up to AI: DTI roadmap shows the way


Published May 23, 2021, 12:12 AM
The COVID-19 pandemic has accelerated the pace of digital transformation worldwide. In the Philippines, the protracted lockdown has brought about a shift to digital and online payments. Artificial intelligence (AI) has become the catalyst for the increased tempo of what is now widely known as the Fourth Industrial Revolution.
As it is commonly understood, AI “refers to the simulation of human intelligence in machines that are programmed to think like humans and mimic their actions.” After the introduction of smartphones, digital voice assistants such as Amazon and Apple’s Alexa and Siri became popular applications of AI as a tool for more convenient daily living. ....

United States , United Kingdom , The Philippines , Ramon Lopez , National Center , Technology Association Of The Philippines , Ai Research , Women Business Council Philippines , Business Council Inc , Georgetown University , Ai Pilipinas Coalition , Institute Of Corporate Directors , Makati Business Club , Fourth Industrial , Secretary Ramon Lopez , Technology Association , Corporate Directors , Business Council Philippines , ஒன்றுபட்டது மாநிலங்களில் , ஒன்றுபட்டது கிஂக்டம் , தி பிலிப்பைன்ஸ் , ராமன் லோபஸ் , தேசிய மையம் , தொழில்நுட்பம் சங்கம் ஆஃப் தி பிலிப்பைன்ஸ் , ஐ ஆராய்ச்சி , பெண்கள் வணிக சபை பிலிப்பைன்ஸ் ,