In photo: FINTQ Managing Director Lito Villanueva presents KasamaKA to the members of 1Cooperative Insurance System of the Philippines during their General Assembly at the Royce Hotel in Clark Freeport Zone.
In Photo: FINTQ Managing Director Lito Villanueva and MyPhone President and CEO David Lim discussing on how cooperatives can innovate their services during the recent General Assembly of 1Cooperative Insurance System of the Philippines members at the Royce Hotel in Clark Freeport Zone.
FINTQnologies Corp. (FINTQ), the financial technology arm of Voyager Innovations, further strengthened its thrust for inclusive digital finance by helping cooperatives understand and undertake digital transformation.
At the recent general assembly of the 1Cooperative Insurance System of the Philippines (1CISP) at the Royce Hotel in Clark Freeport Zone, FINTQ Managing Director Lito Villanueva said FINTQ is assisting cooperatives in the country to bridge the gap between their “traditional members” and prospective “younger clients” they cater through the use of different digital platforms.
“We want to close the gap between the digital customers and what the analog business delivers. We want to help cooperatives with old or no IT infrastructure at all to connect with millennials who are the disruptors of businesses because they demand fast services that answer their needs. We want to help the cooperatives disrupt themselves and be ready with what young generations will demand from them,” Villanueva said.
Villanueva, speaking to at least 1,000 cooperative officers from all over the country, said the cooperatives should embrace the digital disruption and reinvent themselves.
“The current and next generation customers will continue to disrupt industries. Fusing technology with the strategy is the way forward,” he said.
Villanueva pointed out that when a company undergoes digital transformation this translates to “cultural and organizational shifts, happy and engaged customers, agility at the core, new mind set, genuine and dynamic collaboration, and an empowered and pro-active workforce.”
For FINTQ, he said, the financial technology firm of PLDT and Smart’s Voyager Innovation will continue to develop and launch platforms and apps to facilitate and enhance digital financial services to a larger number of people especially those living in the 4th, 5th, and 6th class municipalities in the Philippines where the average annual income is Php35 million and below.
“The financial inclusion journey is a gradual program making Filipinos move from being unbanked to semi-banked to banked,” Villanueva said.
“We want Filipinos to be able to avail and have access to affordable financial products and services. The Philippines is leading in Asia in terms of economic development. And the question to every Filipino is – kasama ka ba sa pagbangon ng bayan?” he said.
To further accelerate inclusive digital finance in the country, FINTQ introduced KasamaKA to the members of 1CISP. KasamaKA is a grassroots-based, self-help, and digital-enabled social intervention and last mile solution to promote financial literacy and inclusive growth. At the same time, it is a cost-efficient, convenient, secured, and transparent shared services platform to expand the reach of banks, financial services and insurance sector to the unbanked and underserved Filipinos providing microsavings, microinsurance, microinvestments, and lending products.
FINTQ, through its insurance company partners, is giving away free microinsurance* and all participants of the general assembly of the 1CISP were given the opportunity to avail of this. To avail of the free microinsurance until December 31, 2018, an individual has to register as a KasamaKA member by simply texting KKK to 29292 or signing up at KasamaKA’s website: www.kasamaka.com. For SMS registration, type in REG <Space><First Name>/<Last Name>/<Date of Birth, MMDDYYYY>/<Address> and send to 29292. For website registration, provide your Full Name (Kumpletong Pangalan); Date of Birth (Araw ng Kapanganakan); Nationality (Nasyonalidad); Present Address (Kasalukuyang Tirahan); Source of Income (Saan galing ang iyong kasalukuyang kita); and Mobile Number. To know more, visit www.kasamaka.com
FINTQnologies Corp. is the leader in customer-centric, demand driven, evidence-based, and mobile-first digital financial innovations by way of engaging regulators, enabling enterprises, and empowering individuals. FINTQ is committed to accelerating universal digital access to finance at scale via pioneering financial technologies in growth and emerging markets. It is the financial technology arm of Voyager Innovations under the PLDT Group. To know more, visit http://www.fintq.com
*DTI Permit No. 2246.