FinTech Alliance PH, the Philippines’ first and largest digital and fintech association, welcomes the appointment of Bangko Sentral ng Pilipinas (BSP) Monetary Board Member Eli Remolona as the new Governor of the BSP and Chairman of the Monetary Board. Incoming Governor Remolona brings an impressive wealth of global experience to his new role, which holds great promise for accelerating the country’s journey towards a thriving digital economy.
Remolona has extensive international policy experience in central banking. He worked for 14 years at the Federal Reserve Bank of New York and for 19 years at the Bank for International Settlements (BIS), the bank for central banks. Before joining the BSP, he served as an Independent Director of the Bank of the Philippine Islands and the Chair of the Risk Management Committee. He was also a Professor of Finance and the Director of Central Banking at the Asia School of Business in Kuala Lumpur, a collaboration with the MIT Sloan School of Management.
With a strong track record in the field of finance and digital transformation, Remolona is poised to make a significant impact on the financial technology and digital industry in the Philippines. His expertise, gained through years of working in various international financial institutions, will undoubtedly enhance the nation’s efforts to embrace the opportunities presented by the digital revolution.
“The FinTech and digital industry through the Fintech Alliance PH extend our warmest congratulations to incoming Governor Eli Remolona. His remarkable global experience and expertise in finance will undoubtedly propel further the country’s digital agenda. We look forward to fostering sustained collaboration with the BSP under his guidance. We believe that we can collectively drive innovation, cultivate a vibrant ecosystem, and shape policies that facilitate the growth of the digital and fintech industry in the Philippines,” said Lito Villanueva, Chairman of FinTech Alliance PH, and Executive Vice President and Chief Innovation and Inclusion Officer of RCBC.
FinTech Alliance PH is the Philippines’ premier and largest digital and fintech association, with almost 100 corporate members collectively generating over 90 percent of digital-initiated retail financial transactions in the country today. It represents the diverse and dynamic landscape of the local fintech industry committed to driving innovation, collaboration, and growth. The alliance brings together startups, unicorns, financial institutions, regulators, and other stakeholders to shape the future of finance in the Philippines.
For more information, visit https://www.fintechalliance.ph/.