The partnership aims to help strengthen financial stability, sustainability, and resilience, according to a BSP news release dated February 12.

Under the MOA, the BSP will gain access to PhilSA’s satellite imagery and related datasets to help identify areas vulnerable to climate-related hazards and assess their potential impact on communities and economic activity. These insights can support monetary policy, financial supervision, and sustainability initiatives.

According to BSP Assistant Governor Pia Bernadette R. Tayag, “The MOA reflects how we view resilience-building in the financial system. It requires good governance, strong coordination, and better data — supported by technology that helps institutions act earlier and smarter. This innovation improves preparedness across the economy and the financial sector

Meanwhile, PhilSA Director General Dr. Gay Jane P. Perez underscored that “space science and banking may appear to operate in different domains, yet both are ultimately concerned with stability.” She said the MOA highlights BSP’s and PhilSA’s shared commitment to managing climate risks.

Beyond data sharing, BSP and PhilSA will also collaborate on developing tools, conducting research, and strengthening capacity to promote the responsible use of satellite data and geospatial analytics in support of their respective mandates.

Geospatial analytics refers to the use of location-based data to better understand conditions on the ground and support more informed decision-making.

In her speech at the opening of the UK-Southeast Asia (SEA) Tech Week in Manila earlier this week said fintech, cybersecurity, and digital services are positioned to play a crucial role in enhancing the country’s growing digital economy, which is seen as one of Southeast Asia’s most promising.

“The UK is one of only three countries with a trillion-dollar tech economy. The UK tech sector is by far and away Europe’s leading ecosystem,” she said.

With its rapidly expanding tech ecosystem, the Philippines is becoming an ideal partner for UK firms looking to invest and collaborate in digital transformation. The country’s burgeoning digital economy provides a strong foundation for companies to innovate and scale.

She pointed to companies like Wise and NCC Group, both of which have established a presence in the Philippines to contribute to the country’s financial inclusion efforts.

“Wise, known for making cross-border transactions faster and more affordable, and NCC Group, a global leader in cyber risk management, have already opened offices in the Philippines, ready to support the Philippine’s Financial Inclusion story,” Ambassador Beaufils said.

Given its significant growth in its digital infrastructure with a strong push toward innovation, the Philippines is also seeing a surge in the adoption of digital technologies across sectors, from government services to business operations. These, the ambassador said, create ample space for international partnerships.

Furthermore, the Philippines’ commitment to financial inclusion and digital security creates a welcoming environment for UK businesses with expertise in areas like cybersecurity and digital banking.

“We are committed to strengthening our tech partnerships, and we invite all of you to be part of this journey,” she said, encouraging Philippine-based attendees to connect with the 12 UK companies participating in the event, which include experts in data analytics, IoT, cybersecurity, consulting, and AI for enterprise.

Regtech, a sector that combines regulatory compliance with cutting-edge technology, has become particularly important as businesses and financial institutions seek ways to streamline processes and ensure they meet regulatory standards. Digital identity verification is also growing in prominence as a tool for enhancing security, streamlining transactions, and ensuring trust in an increasingly digital world. Veronica Uy