Cooperation across national borders is about extraction, SME growth, government alliances
Manila, Philippines, 6 November 2022 /PRNewswire/ — The week-long First Philippine Fintech Festival (PFF)-World FinTech Festival-(WFF) The Philippines highlighted ASEAN as a global powerhouse for innovators with the participation of 200 international leaders of government and industryis S. PFF kick-started ASEAN FinTech Month, culminating in the recently concluded Singapore FinTech Festival November 4th. It was Digital Pilipinas, the largest private sector-led movement championing the betterment of the country, in partnership with Elevandi, founded by the Monetary Authority of Singapore (MAS) to promote public-private sector dialogue for FinTech development.
The Philippines Department of Information and Communication Technology. David Almirol promised the participants, “Government is your ally for sustainability in digitization.”
For MAS Chief FinTech Officer Sopnendu Mohanty, the focus is on “recovery”, especially for “small businesses that need a lot of technology and digital platforms.”
The cooperation between digitally savvy nations — The Philippines, Singapore, Indonesia, Hungary, Israeland Japan — created the following partnerships: Department of Trade and Industry’s Philippine Trade Training Center and MAS’ Proxtera; and Digital Pilipinas individual agreements with Hungary’s Digital Jólét programme; Affinidae; and Indonesia’s The Norwegian Financial Supervisory Authority.
Coins.ph CEO Wei Zhou acknowledged, “PFF’s users, capital and projects will help kickstart” ASEAN cooperation.
PFF was attended by more than 5,000 people and discussed challenges and potentials involving digital cooperatives; big data and AI; InsureTech, Green Finance; Open finance; NFTs, e-wallets and digital currencies; EduTech; WealthTech; MarkTech; AgriTech; and PropTech.
Participant in PFF was co-presenter Coins.ph and co-conveners Etiqa Philippines, Angkas, PayMongo, Union Bank of The PhilippinesdigiCOOP, ADVANCE.AI, NinjaVan Philippines, KPMG i The Philippines, UNO Digital Bank, Creador, Globe, PruLife UK, ACUBELAW, Gorriceta Africa Cauton & Saavedra, Brankas, GCash, COL Financial and, Xendit Philippines. Other sponsors were Tech Exactly, StartUp Village, Bounce Back Philippines, Fintech Philippines Association, FinScore, Mapúa University and GeiserMaclang.
Media partners were Inquirer Group of Companies, Inquirer Mobile, Inquirer.Net, Philippine Daily Inquirer, The Philippine Star, Manila Bulletin, United Neon, Coinvestasi and CoinGeek.
Government and industry leaders are optimistic about ASEAN’s continued growth as a global digital powerhouse.
Top left: Rico Bautista, President and CEO, Etiqa Philippines and President, Philippine Life Insurance Association Inc.; Bottom left: George Royeca, Angka’s CEO; Top row, from left: Michael CalmaPH Country Manager, ADVANCE.AI; Wei ZhouCEO, Coins.ph; Yang Yang ZhangManaging Director, Xendit Philippines, Cupid Maclang, Convenor – Digital Pilipinas, WFF-Philippines, PFF; and Winsley BangitCEO, G-Xchange, Inc. Second row, from left: Israel Ambassador Ilan Fluss; Ambassador of Hungary Titanilla Tóth; Sopnendu Mohanty, MAS Chief FinTech Officer; DICT Usec. David Almiroland Triyono Gani, Chief Executive Officer, OJK.
Bottom row, from left: Ann CuisiaCEO of TraXion Tech, Inc. /DigiCoop.ph; David HardonChief Data Officer, Union Bank of The Philippines; Manish BhaiFounder and CEO, UNO Digital Bank; Erika Dizon-Go, Union Bank of the Philippines Senior Vice President, Fintech Business Group Head, Open Finance and Digital Services Center of Excellence Head; and John Aguilar, The final pitch producer/host.
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