Ten years ago, the word fintech emerged in the local business scene, introducing flashy and compelling forms of payment and banking online. Many thought of it as risky, dangerous even, what with the complex and vast nature of the internet. Come 2016, Fintech is no longer a buzzword – it’s become the future.In May, Bangkol Sentral ng Pilipinas said that in less than four years, 20 percent of transactions nationwide will be done online.
“Unlike what most believe, fintech is an enabler [and] not a disruptor for financial institutions. It will