ASEAN’s most influential fintech event – WFIS, is set to disrupt the Philippines’ FSI market – Latest Digital Transformation Trends | Cloud News

World Financial Innovation Series (WFIS) 2022 – The Philippines brings together some of the world’s best financial services providers for a two-day mega-scale FSI summit. The event will explore what’s happening in the Philippines’ fintech market, while facilitating collaboration between vendors and organizations looking to invest or offer products/services in this growing market.

The launch of the ‘Digital Payments Transformation Roadmap 2020-2023’ by the central bank has driven major fintech investments in the Philippines. To give an estimate, the first half of 2021 witnessed total funding of $342 million raised by the country’s firms, which is more than double what was raised throughout 2020 so far.

To facilitate a common foundation for networking and intelligence sharing for the Philippines’ FSI community, Tradepass is hosting the World Financial Innovation Series (WFIS) Philippines at the Sofitel Philippine Plaza in Manila on August 16-17, 2022.

The summit will attract more than 600 technology and business executives from premium banks, microfinance institutions and insurance companies across the Philippines.

In a statement issued, after she announced her participation as a speaker, Dr. Adrienne Heinrich (Vice President and Head of AI Center of Excellence, Union Bank of the Philippines) explained the centrality of AI in her organization, “AI is an important driver of Aboitiz Group’s major transformation to be the Philippines’ first tech conglomerate. At Union Bank of the Philippines, an Aboitiz-led universal bank, we leverage technologies like AI to deliver innovative models and solutions that allow us to make tailored recommendations on products and services that truly meet our customers’ needs. AI also enables us to unlock new potential and opportunities across industries in the group, including banking and financial services, power, manufacturing and more.“

The event will also host over 30 top thought leaders and industry experts who will shed light on the most popular FSI topics. Attendees can also get ready to watch a live showcase of the best FSI solutions from leading organizations and much more.

One of the confirmed speakers, Lito Villanueva (Executive Vice President and Chief Innovation & Inclusion Officer, Rizal Commercial Banking Corporation) expressed while speaking on the event, “The bridge between now and the future can only be built by disrupting today’s conversation about technology and finance. These conversations trigger boundless collaboration between leaders and trailblazers that create boundless innovation. The event is an opportunity to create not only innovation and disruption, but ‘disrupt innovation‘.”

Roy Joseph Roberto (Assistant Vice President (AVP) of Digital Transformation, Citibank Philippines) while appreciating the WFIS platform to address key CX challenges mentioned,”CX has now become the key differentiator while choosing a financial services platform. The financial industry realizes its inseparable nature with data science and AI, and is equipping itself with greater investments in AI-enabled solutions. In that regard, the World Financial Innovation Series serves as an ideal avenue for business and technology leaders to address the most pressing CX challenges and share how disruptive technology like AI can help bridge these gaps and transform DCX as we know it.“

Organizer and CEO of Tradepass, Sudhir Jenaexpressed “With the Philippines witnessing record investments in fintech and Filipinos becoming more and more digital savvy, WFIS 2022 – Philippines will be the perfect opportunity for the fintech providers to collaborate with the traditional financial institutions and other seeking organizations looking to incorporate fintech into their core infrastructure.”

Some of the confirmed speakers from the event include:

• DHARMESH PATEL, Chief Data and Analytics Officer, East West Bank
• DR. ADRIENNE HEINRICH, Vice President and Head of AI Center of Excellence, Union Bank of the Philippines;
• LITO VILLANUEVA, EVP and Chief Innovation & Inclusion Officer, Rizal Commercial Banking Corporation;
• RONALDO BATISAN, Vice President – ​​Customer Experience, Union Bank of the Philippines;
• ARIVUVEL RAMU, Group Chief Technology Officer, Tonik (Digital Bank);
• CARLOS TENGKIAT, Chief Information Security Officer, Rizal Commercial Banking Corporation and many others.

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