As the Philippines’ leading financial supermarket for
banking and insurance services, eCompareMo.com aims to revolutionize financial
processes in the country through the application of exciting developments in
the fintech industry.
This was shared by J.P. Ellis, Group CEO and Co-Founder of
eCompareMo.com’s parent company, C88 Financial Technologies, the largest
digital finance, insurance, and investment platform in Southeast Asia. A
digitally powered platform, the company believes technology is key to providing
the growing number of customers in Southeast Asia access to financial products
and services.
“There has been a lot of talk about game-changers in the
fintech industry, specifically artificial intelligence, big data, product customization,
blockchain, and information security. We predict that these trends will greatly
shape the future of the financial services industry, responding to the demand
of the market for faster and more convenient ways to accomplish financial
processes.” Ellis shared during the first-ever eCompareMo Finovation, where key
executives from C88 Financial Technologies and eCompareMo shared exciting
developments that the country can look forward to in the fintech sector.
“With its expertise and deep understanding of the
developments we have today, eCompareMo is in an advantageous position to help
financial institutions adapt to these new technologies and maximize their
positive impact to their businesses and the financial experience of consumers,”
Ellis added.
Since its inception in 2014, eCompareMo.com has grown to be
the first and only financial supermarket in the Philippines that has an
integrated portal with a financial institution, championing the Filipino
consumer by offering the most complete lineup of banking, insurance, and
investment services online.
The portal serves as a one-stop shop for users applying for
a credit card, loan, car insurance, and other financial and insurance products
without having to go from one website to another or call insurance providers
one by one.
Users can compare interest rates, credit card features and
perks, and insurance quotations--and apply on the spot for their product of
choice. As a value-added service, eCompareMo.com delivers the country’s first
and only Car Insurance Concierge—a helpdesk for insurance policy issuance and
renewal, as well as claims processing assistance across different providers.
Through the years, eCompareMo.com has expanded its reach
and directory by partnering with major financial institutions in the
Philippines to supply the needs of the Filipino consumer.
To show how embracing new technologies can enhance the
financial experience of consumers, eCompareMo.com Chief Commercial Officer Ched
Limson introduced and conducted a demo of the portal’s artificial intelligence
(AI) bot dubbed “Alex”. The demo showed that the use of artificial
intelligence, one of the hottest developments in financial technology, can
provide immediate access to necessary financial information without human
intervention and error.
Ellis stressed that there is more potential to improve
products and services available to the Philippine market if financial
institutions embrace groundbreaking innovations.
“These new developments in the fintech industry should not
be dismissed as merely ‘disruptors’ to our current financial landscape.
Instead, financial institutions must see them as effective tools to improve on
their products and services to benefit Filipinos.” said Ellis. “Exciting times
are ahead of us, and we, at eCompareMo, would like to lead the Philippines into
the future of the financial industry.”
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