Philippine’s Union Bank More Vigilant on Cybersecurity: Ortiz

The video discusses the impact of the pandemic on online banking, cybersecurity, and financial markets. It highlights the increased need for cybersecurity due to more online activities and the potential rise in costs. The discussion also covers the loan portfolio's challenges, including credit quality and provisions. Innovations in the bond market using blockchain technology are explored, along with the potential for democratizing bond offerings. Finally, the video addresses permanent changes in the financial sector, such as increased competition and digital banking trends.

What is the primary risk associated with increased online banking and working?

• Reduced customer satisfaction

• Decreased internet speed

• Increased cybersecurity threats

• Higher transaction fees

How has the pandemic affected the bank's operating leverage?

• It has decreased significantly

• It has remained the same

• It has increased

• It has become irrelevant

What is the expected trend for cybersecurity costs in the future?

• They will decrease

• They will be eliminated

• They will increase

• They will remain constant

What is the relationship between the loan book and GDP growth?

• They are unrelated

• The loan book is dependent on GDP growth

• GDP growth depends on the loan book

• They have an inverse relationship

What innovative technology was used in the recent bond sale?

• Virtual Reality

• Quantum Computing

• Blockchain

• Artificial Intelligence

What is a potential benefit of open banking regulations?

• Reduced competition

• Decreased customer base

• Increased market growth

• Higher transaction fees

What is a significant trend in the financial sector due to the pandemic?

• Decline in online transactions

• Rise in digital bank licenses

• Increase in physical bank branches

• Decrease in digital banking