BIZ BUZZ: ING to launch GenAI apps in PH
And we have more updates from Finance Secretary Ralph Recto’s recent trip to Davos-Klosters, Switzerland, for the World Economic Forum.
On the sidelines of the Davos meet, the finance chief had a discussion with officials of Dutch financial giant ING Bank to explore more partnership opportunities with the Philippines, particularly in leveraging artificial intelligence (AI).
Recto’s meeting with ING chair of the Supervisory Board Karl Guha and CEO Steven van Rijswijk zeroed in on the Bank’s plan to launch its pioneering use of generative artificial intelligence (GenAI) in the Philippines.
The move will make the Philippines the next country after the Netherlands and Germany to host ING’s live GenAI applications, which can be used to assist customers.
And the move makes sense. For ING, the Philippines is a key hub for its operations, with 6,000 of its 14,000 global workforce based in the country.
That said, the Bank also underscored its commitment to further invest in the Philippines’ workforce by developing advanced skill sets.
