Fintech Alliance INDX Summit 2.0 pushes for digital inclusion

FINTECH Alliance.PH in collaboration with Enderun Conferences hosted the second edition of the Inclusion and Digital Transformation (INDX) Summit on the 22nd-23rd. November 2022 at the Enderun Tent in McKinley Hill, Taguig City. The event was attended by hundreds of industry practitioners involved in finance and technology locally and internationally and was attended by some of the country’s highly respected regulators, government officials, economic policymakers, thought leaders and members of the diplomatic corps.

The aim of the INDX Summit 2.0 was to discuss challenges around the digital divide between standards and regulations in areas such as e-commerce, health, agriculture, education, MSMEs, open banking, insurance, AI and new technologies. It also discussed how Filipino consumers and businesses can use digital technology and digital transformation to manage the current environment, promote economic recovery and get back on track to achieve long-term economic goals.

This monumental event is the gathering of Filipino visionaries and trailblazers. The past two years have been golden for the fintech industry in the Philippines and throughout Southeast Asia. It is only fitting that we reflect on our successes and welcome promising years,” said Lito Villanueva, Founding Chairman of the FinTech Alliance and Executive Vice President and Head of Innovation and Inclusion at RCBC.

GCash President and CEO Martha Sazon said that “[d]igitalisation or the digital economy is a very complicated value chain. It starts from internet connectivity, availability of devices and the various regulators around it, and into our space – fintech, e-commerce and the various financial services. In the entire value chain, you have the authorities at every step. But you have different private sectors participating in it. We need the partnership from the government to make it easy for us to participate and to increase penetration.”

She said that both the government and the private sector should build a rapport to lead the digital transformation in the country. Leaving it to the government would not be financially feasible.