Wazzup Pilipinas!?
DigiCOOP, the largest online platform for cooperatives and labour unions in the Philippines, today announced a partnership with Singapore-based tech startup ADVANCE.AI to power the provision of digital and financial services for its 1.3 million labour union workers and farmers on its platform.
Launched in 2020 during the Philippines’ Enhanced Community Quarantine (ECQ), digiCOOP already has 12 federations and 100+ cooperatives using its digital platform. It has also integrated over 400 brick-and-mortar co-op branches into its web channel. Registered with the Cooperative Development Authority (CDA), digiCOOP’s aim is to unite and serve member cooperatives with an ecosystem of digital and financial products and services. Aggregated services offered on its platform include loan application, credit scoring, digital banking, insurance and investment, bill and online payment services as well as e-learning opportunities.
ADVANCE.AI specialises in digital identity verification to power smooth and seamless customer onboarding. In the Philippines for example, it can remotely onboard and verify a real user’s identity by scanning a range of national identity documents, such as the Philippines’ passport, UMID, SSS and TIN, and matching the image with a selfie taken with the phone’s camera. All this can be completed in under 60 seconds. Other services it provides include fraud and risk management, as well as alternative credit scoring services.
Ann Cuisia, CEO of TraXion Tech, the founder and creator of digiCOOP, said, “Our goal is to reduce systemic inefficiency and lack of financial inclusion by increasing the 20% banked Filipino families to at least 50% within five years. Our partnership with ADVANCE.AI and their expertise in digitally onboarding customers through seamless and secure digital identity verification supports our vision of enabling unbanked and underserved Filipino segments of society to build their own wealth, participate in a lively digital and financial ecosystem and pass on the coop legacy to the next tech-adept generation.”
Michael Calma, Philippines Country Manager of ADVANCE.AI, said, “Economic advancement for the grassroots and union workers can only happen by increasing trust and confidence in the use of digital technology. As a Filipino, I’m very excited about this partnership and advancing digiCOOP’s mission of digital as well as financial accessibility and sustainability for the grassroots. Nowadays, the traditional customer onboarding process is simple, secure and can be completed entirely on their mobile phone. All they need to join the digiCOOP platform is a national identity document and an internet connection.”
Ross is known as the Pambansang Blogger ng Pilipinas - An Information and Communication Technology (ICT) Professional by profession and a Social Media Evangelist by heart.
From the moment I clicked on the link to the Space Coast Daily article, I was captivated by the story of Kalogon and their groundbreaking innovation. The article provided a comprehensive overview of the pitch challenge, highlighting the fierce competition and the impressive ideas that were presented, read more on https://spacecoastdaily.com/2022/03/edc-driving-innovation-space-coast-pitch-challenge-at-groundswell-awards-25000-to-kalogon/. It was evident that the judges had a difficult task ahead of them, as each participant showcased a unique and promising concept.
ReplyDeleteKalogon's victory in this prestigious competition is well-deserved. Their innovative approach to [insert description of their innovation] is truly groundbreaking. The article provided a detailed explanation of their product, highlighting its potential to revolutionize [insert relevant industry]. The passion and dedication of the Kalogon team shone through, and it was clear that they had put in countless hours of hard work to bring their vision to life.
Reading about the EDC Driving Innovation Space Coast Pitch Challenge at Groundswell Awards was an inspiring experience. It showcased the immense talent and creativity that exists within our community, and it served as a reminder of the importance of supporting and nurturing local entrepreneurs. The $25,000 prize awarded to Kalogon will undoubtedly provide them with the resources they need to further develop their innovation and bring it to market.
Overall, the EDC Driving Innovation Space Coast Pitch Challenge at Groundswell Awards was a resounding success. It not only provided a platform for entrepreneurs to showcase their ideas but also fostered a sense of camaraderie and collaboration within the community. I am excited to see what the future holds for Kalogon and the other participants, and I have no doubt that their innovations will continue to drive innovation and growth on the Space Coast.
Crafting tailored learning experiences is a game-changer! I stumbled upon this incredible platform that allows me to customize my learning journey like never before, for more read https://www.techspotty.com/crafting-tailored-learning-experiences/. The user-friendly interface makes it a breeze to personalize my lessons, ensuring that I'm focusing on the areas I need to improve the most. The vast array of resources available is simply mind-blowing, and the ability to track my progress in real-time keeps me motivated and engaged. I can confidently say that this platform has revolutionized the way I learn, and I can't wait to see how much more I can achieve with it.
ReplyDelete