Filinvest Group’s Second Annual Hackathon with Amazon Web Services Empowers Diverse Teams to Innovate and Serve Underserved Markets Through Digital Transformation
The Filinvest Group, a major conglomerate in the Philippines with interests in banking, property, infrastructure, utilities, and agriculture, has partnered with Amazon Web Service’s (AWS) Asia Pacific Innovation team to organize its second annual Hackathon program. The program aims to foster digital innovation across the organization, and 25 teams from diverse industry sectors, including the conglomerate, participated in the event. The teams were tasked with developing new digital services to tackle real customer problems, and the best teams presented their prototypes at a “Demo Day” similar to Y Combinator. The initiative is part of the Filinvest Group’s Filinvent campaign, an open innovation program launched in 2020 to promote internal digital transformation and future-proofing. The conglomerate’s holistic approach to innovation and digital transformation aims to serve middle-class Filipinos at scale while contributing to the country’s sustainable economic progress.
The Filinvest Group’s Filinvent campaign, which was launched in 2020, is aimed at future-proofing the conglomerate’s businesses and internal digital transformation efforts. F(DEV) spearheads this open innovation initiative, which encourages a more holistic approach to digital innovation across the organization. The Hackathon program is one of the initiatives under Filinvent that enables design thinking to solve operational or commercial challenges. The teams, made up of 25 diverse groups from various industry sectors across the conglomerate, were challenged to create new digital services that address real customer challenges. The program ran for three months and culminated in a Y Combinator-style “Demo Day,” where the top teams pitched their prototyped products and experiences to the Group. The teams are continuing to iterate on their products and experiences as they move from prototype to launching Minimum Viable Products (MVP) in the market.
Filinvest Group’s next-gen leaders are leading the charge on innovation across all subsidiaries, empowering employees to collaborate and shape the company’s future. Through the Filinvent initiative, the group is bringing technology to its various businesses to better serve the underserved middle markets. F(DEV), Filinvest’s strategic tech-driven project, has created Qwote, a digital procurement experience that digitizes buying processes in banking and shared services. It’s now working with its hospitality and F&B units to extend this e-commerce experience. Fastwire, a new payment and financial operating experience, is being rolled out to property management teams to streamline customer payments and account management. By prioritizing a holistic approach to innovation and digital transformation, the conglomerate is committed to serving middle-class Filipinos at scale, boosting the country’s digital growth and sustainable economic progress. For more information on Filinvent, visit filinvest.io, and stay updated on Filinvest’s developments via their Facebook, Instagram, and LinkedIn accounts.
Q: What is the Filinvest Group?
A: The Filinvest Group is one of the largest conglomerates in the Philippines with diverse businesses in banking, property, infrastructure, utilities, and agriculture.
Q: What is Filinvent?
A: Filinvent is an open innovation initiative launched in 2020 by the Filinvest Group to step up the conglomerate’s future-proofing and internal digital transformation efforts. It promotes a more holistic way of approaching digital innovation across the organization.
Q: What is the Hackathon program?
A: The Hackathon program is one of the initiatives under Filinvent that enables design thinking to solve operational or commercial challenges. Twenty-five diverse teams across the Filinvest Group and from a variety of industry sectors join and accept the challenge to create new digital services with the goal of addressing real customer challenges.
Q: Who spearheaded the Filinvent campaign?
A: The Filinvent campaign is spearheaded by F(DEV), with Xavier Marzan serving as its CEO and the conglomerate’s Group Chief Digital Officer and Chief Innovation Officer.
Q: What is Demo Day?
A: Demo Day is a pitching exercise held at the end of the 3-month Hackathon program where the top teams showcase their prototyped products and experiences to the Group.
Q: What is Qwote and Fastwire?
A: Qwote is Filinvest Group’s own digital procurement experience that digitizes buying processes in its banking and shared services divisions. Fastwire is a new payment and financial operating experience that the group is rolling out to its various property management teams to streamline the process of customer payments and account management, taking out a lot of the manual pen and paper behaviors that have historically been plaguing operations.
Q: What is the Filinvest Group’s goal?
A: The Filinvest Group remains steadfast in its commitment to serve the underserved middle-class Filipinos at scale and hopes to significantly impact the country’s digital growth and sustainable economic progress.
Globe Dominates 5G speeds
Leading digital solutions platform Globe emerged as the fastest 5G mobile network for the first quarter of 2023 in Makati City, a key business hub in the Philippines.
Based on Ookla® Speedtest Intelligence® Q1 2023 data, Globe edged out its closest competitor with a median download speed of 171.814 Mbps from January to March this year.
Makati City is an important financial center in the Philippines, hosting the headquarters of majority of the Philippines’ top 1,000 companies as well as multinational corporations operating locally.
5G’s faster speeds, higher bandwidth, and more stable internet connection offer big corporations numerous benefits, including enhanced mobility, new business opportunities, and improved customer experience. These can give enterprises a competitive edge and help them stay ahead of the curve in today’s fast-paced market.
As of the first quarter of 2023, Globe deployed 66 new 5G sites in 74 cities and towns across the Philippines. This expanded its 5G outdoor coverage to 97.21% of the National Capital Region and 90.28% of key cities in Visayas and Mindanao. Globe also logged 4.3 million devices in its 5G network as of March 2023.
“With 5G, we are opening doors to endless possibilities and opportunities for innovation, collaboration, and development. We believe that everyone deserves to experience the benefits of 5G, and we are committed to making this a reality for all our customers,” said Globe Chief Transformation and Customer Experience Officer Rebecca Eclipse.
As a leading provider of 5G connectivity, Globe has always been committed to providing a #1stWorldNetwork to Filipinos, in line with its commitment to economic growth and development under the United Nations Sustainable Development Goals.
Its efforts were rewarded with the Ookla® recognition as the Most Reliable Mobile Network for four straight quarters – from the second quarter of 2022 to the first quarter of 2023.
Based on Ookla® Speedtest Intelligence® Q1 2023 data, Globe dominated the industry anew after obtaining the highest All Technology Consistency Score of 83.39 percent in the first quarter of 2023, an improvement from 83.13 percent in the fourth quarter of last year.
It also topped All Technology Availability with a higher score of 93.18 percent in the first quarter from 92.38 percent in the previous quarter.
To learn more about Globe, visit https://www.globe.com.ph/.
Q1: Which mobile network emerged as the fastest 5G network in Makati City during the first quarter of 2023?
A: Globe emerged as the fastest 5G mobile network in Makati City during the first quarter of 2023.
Q2: What was Globe’s median download speed during that period?
A: According to Ookla® Speedtest Intelligence® Q1 2023 data, Globe achieved a median download speed of 171.814 Mbps from January to March.
Q3: Why is Makati City significant?
A: Makati City is an important financial center in the Philippines, housing the headquarters of many top 1,000 companies in the country as well as multinational corporations.
Q4: What are the benefits of 5G for big corporations?
A: 5G’s faster speeds, higher bandwidth, and more stable internet connection offer benefits such as enhanced mobility, new business opportunities, and improved customer experience, giving enterprises a competitive edge in today’s fast-paced market.
Q5: How extensive is Globe’s 5G deployment in the Philippines?
A: As of the first quarter of 2023, Globe deployed 66 new 5G sites in 74 cities and towns across the Philippines. Its 5G outdoor coverage reached 97.21% of the National Capital Region and 90.28% of key cities in Visayas and Mindanao. The number of devices in Globe’s 5G network reached 4.3 million.
Q6: What is Globe’s commitment regarding 5G connectivity?
A: Globe is committed to providing a #1stWorldNetwork to Filipinos and believes in making the benefits of 5G accessible to all customers. This commitment aligns with the company’s dedication to economic growth and development under the United Nations Sustainable Development Goals.
Q7: Has Globe received any previous recognition for its network performance?
A: Yes, Globe was recognized by Ookla® as the Most Reliable Mobile Network for four consecutive quarters, from the second quarter of 2022 to the first quarter of 2023.
Q8: What were Globe’s scores in terms of network consistency and availability?
A: Based on Ookla® Speedtest Intelligence® Q1 2023 data, Globe achieved an All Technology Consistency Score of 83.39 percent in the first quarter, an improvement from 83.13 percent in the previous quarter. Globe also topped All Technology Availability with a score of 93.18 percent in Q1 2023.
Q9: Where can I find more information about Globe?
A: To learn more about Globe and its services, please visit their website at https://www.globe.com.ph/.
Globe Champions Circular Devices and Digital Business Cards to Promote Sustainability
Company launches take-back program for used service units
Globe is rolling out new initiatives to foster sustainable practices in the workplace. The company is standardizing its employee work tools to the latest MacBook Air lineup, and introducing the use of E-Business Cards (EBCs).
Strengthening Operational Resilience
In collaboration with HCX Technology Partners, Inc., a Globe portfolio company under the Asticom Group of Companies, and CompAsia, Globe is providing its 15,000 employees under the Globe Group the option to get MacBook Air service units as their chosen work tool to strengthen operational resiliency and promote circularity.
With regard to the company’s choice of service units, a key consideration was how Apple has taken sustainability into account in the design and production of its products.
“By investing in the best work tools for our people, we not only improve the ways of working within the Globe Group, we also empower everyone to serve our customers better while actively participating in creating a sustainable future,” said Globe Group Chief Transformation and Operations Officer and Chief Customer Experience Officer Beck Eclipse.
In promoting circularity, the company partnered with CompAsia to initiate a “take-back” scheme for old units, which will allow for three-year old service units to be remarketed, rather than disposed of.
By extending the life cycle of the devices, Globe is minimizing e-waste in support of its Net Zero commitments.
As of February 1, 27% of Globe employees have already shifted to using MacBooks for day-to-day business tasks. The company expects this number to increase as more employees choose this as their main work tool.
Minimizing e-waste and giving devices a second life
In 2017, Globe launched an internal program that promoted employees’ freedom of choice when it comes to picking the best work tools that suited them. Today, the company has expanded this program to practicing circularity, engaging employees, communities and its supply chain.
● iOwnIT – Three years after the device has been issued to the employee, they have an option to own the device as a personal asset, while they are issued a new service unit that will maintain if not maximize their productivity.
● Internal Laptop Loaner Program – Returned service units are taken in within Globe’s IT Bar, which repurposes laptops in good condition as loaned units to employees.
● Buy-Back and Trade-In Program via CompAsia – Employees’ used service units may also be given to CompAsia, as part of the company’s initiative to buy back and redistribute them into the supply chain.
Returned service units are also eligible for donation to partner beneficiary organizations, potentially providing them with access to digital worktools.
Reducing carbon emissions from purchased goods and services
In the same vein, Globe has also introduced the use of e-business cards to habituate the use of digital platforms and reduce carbon emissions associated with the production and delivery of traditional business cards.
Globe said the strategy for implementing the EBCs are highlighted in the product’s initials:
● Easy to use
○ Contact information may be shared easily without physical contact
○ Details are stored in one place and are quick to update
● Better for employees
○ Worry-free from running out of physical copies and bringing a bulky set of cards
● Contributes to sustainability
○ Reduced carbon emissions associated with production and delivery
○ Reduced material/resource consumption (i.e. ink and paper)
Its implementation also streamlines costs, processes, and distribution, making EBCs more cost-effective and convenient for our employees and stakeholders, who shifted to more mobile-first behaviors.
“We believe that small changes, such as adopting E-BCs, can have a significant impact on our overall carbon footprint. The introduction of this initiative is only the beginning. We will continue to find ways to become more sustainable in our operations,” said Jerry Cabiles, Vice President for Supply Chain, Procurement and Logistics.
Globe was recently named by Standard Insights as the Most Sustainably Driven Network in the Philippines in its 2023 Consumer Awards. It is committed to creating positive societal and environmental impact through its various programs.
To learn more about Globe, visit https://www.globe.com.ph/about-us/sustainability.
What initiatives is Globe implementing to foster sustainable practices in the workplace?
Globe is standardizing its employee work tools to the latest MacBook Air lineup and introducing the use of E-Business Cards (EBCs) to minimize e-waste and reduce carbon emissions associated with the production and delivery of traditional business cards.
How many Globe employees are expected to shift to using MacBooks for day-to-day business tasks?
As of February 1, 27% of Globe employees have already shifted to using MacBooks, and the company expects this number to increase as more employees choose this as their main work tool.
How is Globe promoting circularity with its MacBook service units?
Globe has partnered with CompAsia to initiate a “take-back” scheme for old MacBook service units, which allows for three-year-old units to be remarketed rather than disposed of. By extending the life cycle of the devices, Globe is minimizing e-waste in support of its Net Zero commitments.
What are the different programs that Globe has launched to promote circularity and minimize e-waste?
Globe has launched three programs to promote circularity and minimize e-waste: iOwnIT, an Internal Laptop Loaner Program, and a Buy-Back and Trade-In Program via CompAsia. Returned service units are also eligible for donation to partner beneficiary organizations, potentially providing them with access to digital worktools.
How is Globe reducing carbon emissions from purchased goods and services?
Globe is reducing carbon emissions from purchased goods and services by introducing the use of E-Business Cards (EBCs) to habituate the use of digital platforms and reduce carbon emissions associated with the production and delivery of traditional business cards.
How does Globe’s implementation of EBCs contribute to sustainability?
The implementation of EBCs streamlines costs, processes, and distribution, making EBCs more cost-effective and convenient for employees and stakeholders who shifted to more mobile-first behaviors. It also reduces carbon emissions associated with production and delivery and material/resource consumption (i.e., ink and paper).
What award did Globe recently receive for its sustainable initiatives?
Globe was named by Standard Insights as the Most Sustainably Driven Network in the Philippines in its 2023 Consumer Awards.
Where can I learn more about Globe’s sustainability initiatives?
To learn more about Globe’s sustainability initiatives, visit https://www.globe.com.ph/about-us/sustainability.
Globe Stores and EasyHubs Ready to Provide SIM Registration Assistance
Globe Stores and Easy Hubs across the country are ready to provide assistance to customers who may need help in registering their SIMs as the April 26, 2023 deadline approaches.
Cleo Santos, Head of Globe Channel Marketing Group, said 147 Globe stores and 25 Easy Hubs in various locations around the country are open to mobile and broadband customers who would need help to have their SIMs registered in compliance with the SIM Registration Act.
“We are pleased to see a steady increase in registered subscribers. However, we understand that some of our customers may still need assistance. So in our commitment to provide excellent service, our Globe Stores and Globe Easy Hubs are open to assist customers who need help for SIM registration,” said Cleo Santos, Head of Globe Channel Management Group.
This effort is on top of 24/7 registration via Globe’s SIM registration website https://new.globe.com.ph/simreg, and the GlobeOne app. Globe earlier launched National SIM Registration Week, an initiative to roll out over 500 SIM Registration Assistance Desks across the country, including remote areas and places known to have high concentration of users of basic phones.
Globe has so far logged 23.48 million SIM registrations as of April 2. An estimated 86.7 million SIM are under the Globe network.
The SIM Registration Act aims to help curb scams and cybercrime by requiring all local SIMs to be registered by April 26 this year. Unregistered SIMs will be deactivated after the deadline.
To facilitate the registration of more customers, especially in remote areas, Globe has participated in several rounds of on-ground SIM Registration Assistance led by the National Telecommunications Commission (NTC). To see the list of SIM Registration Assistance sites, please visit https://www.globe.com.ph/register-sim-card.html.
It has also partnered with local government units, groceries, and malls in putting up assisted registration booths in more than 100 sites nationwide, and held on-site assistance in major festivals.
To learn more about Globe, visit https://www.globe.com.ph/.
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