Financial technology (fintech) companies must take advantage of the opportunities presented by the ‘new economy,’ which resulted from the coronavirus disease 2019 (Covid-19) pandemic, according to Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno.

“The pandemic has revealed and brought urgency to necessary reforms around public health, social safety nets, disaster response and countryside development. But what reinforces all these reforms is the digital imperative,” he told the participants of the FinTech Alliance Digital Forum on Wednesday.