المستخلص: |
This study aims to explore the contribution of banking technology to enhancing the efficiency of government subsidies by discussing, on one hand, its role in improving the transparency and efficiency of the distribution of government subsidies, and, on the other hand, to clarify the challenges and obstacles to the use of such technology in enhancing the efficiency of government subsidy (costs, growing informal labor, cyber risks, regulatory issues). In the context of government subsidy, mention was made of the Filipino experience through the Poverty Reduction Strategy implemented by the Ministry of Social Welfare and Development, Pantawid Pamilyang Pilipino. Finally, we have come up with a series of findings that indicate that banking technology has significantly enhanced government support to individuals, as governments can provide financial subsidies in more effective and rapid ways, using cloud computing techniques and artificial intelligence, automated learning, and blockchain technology. Banking technology improves the distribution of government subsidies and reduces costs. The Filipino experience has proven that through the program. (Pantawid Pamilyang Pilipino).
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