Digibanks and the Philippines: a work in progress

More: Lucrative fintech funding rounds and an exclusive club with an odd requirement. [Read from your browser]( Daily Newsletter Hello {NAME} The importance of financial inclusion to a country is often overlooked. It helps build the key concepts of credit and savings and is a major step toward inclusive growth, i.e., growing financially stable together as a population, irrespective of age, gender, race or income. Financial inclusion is a major issue that needs to be addressed, especially among countries in Southeast Asia. For example, a staggering 47% of the Philippines’ adult population are unbanked as of the second quarter of 2021. Yet, the topic, like most things related to banking or finance (ahem, taxes), is often met with an eye roll. The advances in fintech and digital transactions are, nonetheless, painting a brighter picture for financial inclusion in Southeast Asia. More and more startups are making financial services easily accessible. Today, we analyze how the Philippines’ digibanks are accelerating financial inclusion in the country. -- Shravanth  ---------------------------------------------------------------  THE BIG STORY [Banking on a digital remedy in the Philippines]( Digital bank licenses were granted to six players in the Philippines, where banking is slow and inaccessible. But can the newcomers fix this pain point?  ---------------------------------------------------------------  IN PARTNERSHIP WITH Strong leadership makes all the difference During my time in school, in the military, and in my career, I’ve worked with and under many different superiors. I’ve seen the damage that bad leaders can do, as well as the incredible positive impact that good ones can have. The best leaders can guide others through both big and small actions - they’re able to not only inspire others with rhetoric but also lead by example and instruction. 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