SEC enhancing digital initiatives in bid to boost regulatory compliance

The Securities and Exchange Commission (SEC) is further streamlining requirements and processes for regulatory compliance as it strives to chart the Philippine corporate sector's path toward a digital-first world.

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The goal is to have a zero-touchpoint transaction environment powered by cloud, artificial intelligence, cybersecurity solutions and other new technologies, said SEC chairperson and CEO Emilio Aquino.

The move is part of efforts to make starting and doing business easier in the Philippines and thus create a more empowered business sector.

"Our focus on digital innovations is part of our vision of an empowered business sector, considered among the best in Southeast Asia, and we do so to help create more and better opportunities and help every Filipino achieve our shared vision of a strongly rooted, comfortable and secure life," said Aquino, the chief architect of the SEC's digital transformation.