Connect with us

Hi, what are you looking for?

HEADLINES

Alibaba Cloud launches ‘Fintech ONE’

The Fintech ONE is in line with local government’s favorable policies to support the fintech industry.

Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, launched the “Fintech ONE”, a program which further supports the digital transformation journeys of finance companies in the Philippines.

The Fintech ONE is in line with local government’s favorable policies to support the fintech industry. Aimed to speed up the digital transformation of businesses via secure, reliable and scalable cloud solutions while helping boost financial inclusion in the country, the program offers participating fintech companies in the country easy access to advanced cloud technologies, free technical training and professional consultations.    

An eligible fintech firm will receive up to US$10,000 in cloud coupons which can be redeemed against Alibaba Cloud products and services as well as support from Alibaba Group’s ecosystem. Qualified companies will benefit from streamlined access to technology solutions from Alibaba Group’s ecosystem and its affiliated company, Ant Group – including those that facilitate e-commerce and payment processes to help participating firms maximize emerging opportunities in the Philippines. Alibaba Cloud will also assist fintech companies in engaging with local and global investors and accelerators to help grow their businesses.

“Alibaba Cloud is excited to witness what the future holds for the digital industry and particularly the fintech sector in the Philippines. We are already seeing transformation and strong expansion in these areas, and we aim to further stimulate this through initiatives like the Fintech One program,” said Leo Liu, general manager of the Philippines, Hong Kong, Macau SAR, Alibaba Cloud Intelligence.

Advertisement. Scroll to continue reading.

Earlier this year, Alibaba Cloud launched a FinTech Industry Sandbox Program in partnership with the Philippines’ FinTech Alliance.ph. The program enables local financial businesses to explore the use of advanced cloud computing products and fintech services from Alibaba Cloud in a risk-free testing environment.

“We see the role of being a trusted cloud service provider as helping fintech companies deliver products and services that operate seamlessly and reliably for their end users. By leveraging Alibaba Cloud’s IT infrastructure and innovative fintech products, digital financial services can reach more of the country’s unbanked Filipinos,” said Allen Guo, Country Manager for the Philippines, Alibaba Cloud Intelligence. 

As the leading public cloud service provider in Asia Pacific, Alibaba Cloud offers its expertise in cloud technology to provide appropriate products, including elastic compute, database, security, storage and network services and machine learning and data analytics capabilities, to address issues and challenges in the sector. It works with various fintech players including GCash and UBX.

Alibaba Cloud provides a mix of fintech solutions to GCash to handle large volumes of digital transactions with minimal interruption and high-cost efficiency. For UBX, Alibaba Cloud provides an Electronic Know-Your-Customer (eKYC) solution designed to help boost their efficiency and security through digitalizing the identity verification process.

Advertisement. Scroll to continue reading.
Advertisement
Advertisement
Advertisement

Like Us On Facebook

You May Also Like

HEADLINES

The five solutions unveiled will lay a solid foundation for aviation to “go broadband, go cloud, and go AI.”

HEADLINES

Reincubate – an innovator in edge AI and audio-video processing – and HP Inc. announced that they have formed a strategic multi-year partnership to...

Biz Solutions

Powered by the new IBM Telum  II processor, IBM z17 expands the system's capabilities beyond transactional AI capabilities to enable new workloads.

HEADLINES

FortiAI has now expanded to encompass Fortinet’s entire AI-driven approach across security and network operations, protecting environments, and securing AI models and LLMs.

HEADLINES

The facility serves as a platform to recognize the critical role engineers play in building the future of digital infrastructure.

HEADLINES

This innovative, AI-powered solution simplifies and accelerates data interaction, empowering organizations to uncover insights, automate visualizations, and drive impactful business outcomes.

HEADLINES

Expect a day packed with energy and competitive spirit as local teams battle it out for a chance to qualify for the vivo 3x3...

HEADLINES

These global benchmarks confirm that Smart is following the best practices in protecting its people, its customers, and the planet.

Advertisement