DTI and Security Bank join MUFG to Accelerate Regional Startup Growth
Security Bank Corporation has joined forces with the Department of Trade and Industry (DTI), MUFG Bank, and Thailand’s Krungsri to strengthen cross-border collaboration for startups.
The partners formalised the relationship through a memorandum of understanding (MOU).
Such an agreement aims to expand market access and encourage innovation-led growth across the Philippines and neighbouring economies.
The collaboration integrates the distinct strengths of its signatories to support the regional ecosystem.
Security Bank provides deep local corporate relationships, while MUFG offers an extensive network across Japan and Southeast Asia.
Krungsri contributes its regional business-matching expertise, and the DTI anchors the initiative through its mandate to promote Philippine startup development.
Hirofumi Umeno, Executive Vice President at Security Bank, described the primary goal as converting collaboration into practical results.
The outcomes will reinforce industrial sectors and drive sustained growth throughout Asia and the rest of the world.
Under the agreement, partners will collaborate on international trade missions, exchange programmes, and business-matching efforts.
Notably, Philippine startups and corporations will be invited to the Japan-ASEAN Startup Business Matching Fair in Bangkok this June.
John Cary Ong, Executive Vice President at Security Bank, added that the partnership creates real value by connecting startups with corporations for pilots, partnerships, and investments.
The initiative also focuses on strengthening the country’s AI and Startup Centre as a regional innovation hub.
The framework connects startups with large corporations for pilots and investments. These strategic links offer local businesses a practical path to scale their operations internationally.
Featured image by the DTI Competitiveness and Innovation Group via Facebook.
The post DTI and Security Bank join MUFG to Accelerate Regional Startup Growth appeared first on Fintech News Philippines.
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