What Does Digital Mean for Your Business?
It was veritably an enlightening experience to moderate a panel of experts during the well-received Philippine Anti-Money Laundering (AML) Executive Briefing organized by NICE Actimize and KrisFinSoft. It was composed of notable personalities namely Dante T. Fuentes, Group chief compliance officer of Security Bank Corporation; Dodie Lagman, senior consultant, on Counter Financing of Terrorism; Venkat … Read moreAdvances in anti-money laundering
The jampacked room in the Asian Institute of Management (AIM) was in full silence when I slowly highlighted key figures for the Philippines: The Philippine economy loses of more than P357 billion ($7 billion) yearly on average from crime, corruption, and tax evasion. Metro Manila’s notorious traffic jams cost the Philippine economy at least P3 … Read moreDigital transformation for sustainable development
Just a few days ago, Russian lawmaker Anton Morozov, who just returned from a visit to Pyongyang, delivered a message from the North Koreans that they are preparing to launch another missile in the near future. In mid-September, the US military flew bombers close to North Korea to show that Donald Trump “has many military … Read moreThe practice of brinkmanship
One thing is clear – the fusion of different technologies in the digital, physical and biological spheres is disrupting businesses and organizations the world over. Commonly referred to these days as the 4th Industrial Revolution, or 4IR, this phenomenon is having a profound impact on the way we live, learn, work, and relate to each … Read moreThe 4th Industrial Revolution – Are we ready?
“Virtual currency-based payments and remittance transactions have been monitored at $5 million to $6 million per month.” This is the surprising fact shared by the Bangko Sentral ng Pilipinas (BSP) during the event organized by the Financial Executives Institute of the Philippines (Finex). What’s even more surprising is how this seemingly esoteric topic gained widespread … Read moreVirtual currency – boon and bane
“How can I grow my business? How can we scale?” These are the common questions I got after my talk and after the panel discussion in Slingshot Cebu 2017, a gathering among tech start-ups and medium, small, and micro enterprises (MSMEs) organized by the Department of Trade and Industry (DTI) Cebu. Almost in unison, these … Read moreScaling a startup
When I cursorily survey senior business executives about their preparation for the impending September 9 deadline to submit their compliance with RA 10173 (or the Data Privacy Act of 2012) to the National Privacy Commission (NPC), some confidently say they are ready, most retort with a shrug, while a significant few others express total ignorance … Read moreData protection officer
“Build, build, build.” This is the new mantra of the administration’s infrastructure plans as propounded by Secretary Benjamin Diokno of the Department of Budget and Management (DBM) during the recently held “Infrastructure and Construction Forum: Re-thinking Infrastructure Building” organized by the Italian Chamber of Commerce in the Philippines, Inc.in partnership with the EU-Philippines Business Network. … Read moreGolden age of infrastructure
SM Investments Corporation (SMIC) recently acquired a substantial stake in the Philippines’ largest logistics provider 2GO Group Incorporated, intensifying the new arena of competition among the country’s conglomerates – logistics. This move is part of SMIC’s strategy to address the emergence of e-commerce, which is a brewing threat to the mall’s foot traffic, at the … Read moreNew synergies in conglomerates
“Organizational inertia is the reason digital transformation initiatives in this company is failing,” told by an executive of a local company when he shared his digital transformation journey. “Employees just say it can’t be done when I implement transformative projects,” he further said. This is perhaps the biggest barrier to digital transformation success, that is, … Read moreOrganization development in digital transformation