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Dec 17 2020 Finance Chief: Digitalization transformation top priority of BIR, BOC
Ensuring efficiency. seamless and on time, the Bureau of Internal Revenue (BIR) and Bureau of Customs (BOC) have put their respective digital transformation programs on the fast lane this year even amid the COVID-19 pandemic to further improve tax administration for the benefit of taxpayers and raise the collection efficiency of these agencies.
In separate reports…
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Dec 17 2020 Fintech group wants industry-crafted rules
THE CENTRAL BANK should allow market players to develop their own open finance framework, with the Bangko Sentral ng Pilipinas (BSP) only providing support when needed in the process, an industry group said.
Through open finance, permissioned data sharing and third-party access is extended to a wider range of financial sectors and products in a bid…
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Dec 17 2020 FINTECH.PH top brass pushes for open finance regime
The evident role of the digital economy in a country empirical as this made transactions safe, fast, and efficient notwithstanding the fact that this empowers many people and defies the borders and space.Corollary to this, the FinTech industry in the Philippines supports Bangko Sentral ng Pilipinas adoption of an open finance regime to serve as…