The Chamber of Thrift Banks underscored the importance of artificial intelligence in shaping the future of banking.
It said the group achieved several digital milestones through collaborations with the Bangko Sentral ng Pilipinas including the implementation of the Financial Consumer Protection Act of 2022, Anti-Money Laundering Act updates and BSP initiatives on banks digital transformation and cybersecurity. “Investing in digital transformation is paramount for thrift banks to remain competitive in the evolving banking landscape,” CTB convention committee chairman Jerome Minglana said.
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