Digital Financial Innovations

Digital Financial Innovations. The legacy of the late Bangko Sentral ng Pilipinas (BSP) Governor Nestor A. Espenilla, Jr. in promoting financial inclusion in the Philippines continues as a social transformation initiative named after him was launched during the Fintech Alliance Summit on March 26, 2019. The Governor Nestor A. Espenilla, Jr. Institute for Growth towards National Inclusion, Transformation, and Empowerment (IGNITE) aims to bring access to online financial services to about 25 million Filipinos. At the launching, the new BSP Governor Benjamin Diokno (5^th from left) officiated the oath taking of IGNITE’s board of trustee. CARD MRI Founder and Chairman Dr. Jaime Aristotle B. Alip (6^th from left) sits at the board of IGNITE together with leaders of other digital finance players including (from left) Lito Villanueva, FinTechAlliance.ph Chair and IGNITE president (1^st); Undersecretary Lilia C. Guillermo, Department of Budget and Management (2^nd); Rizalina G. Mantaring, Sun Life Foundation Chairman (3^rd); Ma. Teresita F. Espenilla, IGNITE chairman and wife of the late BSP Governor Espenilla (4^th); Kelly Hattel, Asian Development Bank Senior Financial Sector Specialist (7^th); Gay Santos, International Finance Corp. (8^th); Undersecretary Gil S. Beltran, Department of Finance (9^th); Richard Bon Moya, Microsoft National Technology Officer (10^th); Sylvia O. Paraguya, National Confederation of Cooperatives Chief Executive Officer (11^th); Secretary Ramon Lopez, Department of Trade and Industry (12^th); and Gilda E. Pico, Producers Savings Bank Corp. President (not in photo).