WFIS 2022 will shed light on the Philippines’ fintech market

Southeast Asia’s most renowned FSI event, the World Financial Innovation Series (WFIS), is now set to disrupt the Philippines’ fintech market with its first edition in the country. To give an estimate of the country’s burgeoning market, the first half of 2021 witnessed a total funding of $342 million raised by the country’s fintech firms, more than double what was raised throughout 2020.

The event platform, which has a history of sharing the latest information from the financial industry and facilitating collaboration opportunities for industry giants, will now be led by Oz Forensics, Onfido, Snowflake, Kissflow, AppsFlyer, Nucleus Software, Seon, OutSystems, GBG , Expleo, Freshworks , Redstar, GrabForBusiness, Feedzai, Panamax Inc., Pennant Technologies, Genesys, Exist, Goldpac Fintech, Infobip and Mambu in its upcoming edition. These organizations will have their exclusive exhibition booth at the event scheduled for August 16-17, 2022 at the Sofitel Philippine Plaza in Manila, Philippines. Apart from showcasing their cutting-edge solutions, some of them will also attend the conference to share their crucial industry insights and expertise.

One of the confirmed speakers, Serge Malgin (Chief Commercial Officer, Oz Forensics), while talking about his expectations from the event, commented: “I am delighted to be part of the first Philippine edition of WFIS 2022. The Philippines represents a strategic market where we want to invest more in the coming years. Our panel will focus on sharing our expertise around biometric fraud prevention and mitigation. In fact, thanks to our cutting-edge technology, we run more than 500,000 biometric checks every day in more than 18 countries. In the past year, 1% of the total check was a potential attack that was resolved. Considering our large work in the financial segment, this becomes a very profitable technology that protected our customers from huge potential losses.”

“We take our role seriously and we try to always develop the best approach and a customized experience for all the different businesses we operate in. We can’t wait to work with all the Philippine companies that will participate in the event”, he added further.

WFIS 2022 – Philippines, will host 400+ technology and business executives from the leading banking, insurance and microfinance institutions across the country. The event will also feature 25+ most inspiring thought leaders and experts from FSI & Tech who will participate as speakers to shed light on the most pressing industry topics.

The event will run two knowledge-packed days filled with insightful presentations, fireside chats, deep dive panel discussions, Q&A, live showcase of the best FSI and fintech solutions combined with plenty of networking opportunities and much more.

Varun Budhiraja, Account Executive at AppsFlyer provided a notable insight regarding the fintech landscape, he said, “When engaging with FinTech and banking apps, mobile has become central to the customer experience in the Philippines, which particularly peaked during lockdowns. While primarily the goal for marketers is to be able to optimize growth through different types of campaigns, the process to achieve this can be complex. Creating a seamless user profile across every touchpoint is a messy, challenging and often incomplete process. That’s why those who have the benefits with mobile first and only mobile, stands out in the competitive market.”

WFIS 2022 – Philippines also aims to advance the goals of the Bangko Sentral ng Pilipinas (BSP) and help the organization share its vision with the country’s FSI community.

In a statement issued, following OutSystems’ announcement of participation, Gary Romualdez (Country Manager Philippines, OutSystems) expressed, “It is a pleasure to participate in the World Financial Innovation Series (WFIS), which resides in the Philippines where both industries from FSIs and Techs get together to discuss and learn the latest disruptive innovations in the Fintech industry, OutSystems is pleased to be a part of this event to share how OutSystems High Performance Low Code solution is able to help financial institutions automate processes , integrating solutions and building complex user interfaces/UX to provide the best customer experience with layers of security that reduce the effort of organizations to be compliant and secure in the cloud without sacrificing the speed and flexibility to develop customized solutions for their customers.”