In a recent article, Bankero Carlo B. Nazareno, Senior Vice President at BDO Unibank, shares the importance of managing the tempo of technology change in the Philippines’ financial sector.
The bankero highlighted how technology is rapidly shaping the country’s network economy, with growing internet and mobile usage. Despite these advances, challenges like the predominance of cash transactions, geographic obstacles, and the importance of personal relationships in business remain.
Nazareno also emphasized the need for a harmonious integration of technology and human interaction, particularly in banking.
In addition, he illustrated BDO Unibank’s commitment to this approach and its development of cash management and industry-specific Relationship Managers.
Moreover, Nazareno emphasized the need to manage the pace of technology change in the Philippines, highlighting that addressing fundamental issues, ensuring innovation benefits all, and bridging the digital divide should occur alongside the provision of traditional cash and human-based financial services.
