Fintech Alliance to address financial sector issues

Fintech Alliance.PH, the country's leading and largest association of fintech and digital players, is hosting the second edition of Inclusion and Digital Transformation Summit 2.0 on 22 to 23 November 2022 at the Enderun Tent, McKinley Hill, Taguig City.

This high-level summit will focus on accelerating the new administration's massive digitalization thrust under its eight-point socioeconomic agenda and the country's first-ever Medium-Term Fiscal Framework.

The FinTech Alliance membership collectively generates over 90 percent of digital-initiated transactions volume in the Philippines today. It was established in November 2017 and was launched at the BSP with the late BSP Governor Nestor A. Espenilla, Jr., championing inclusive digital finance and financial education.

Following a successful event pre-pandemic in 2019, Fintech Alliance.PH will again bring together the economic policy-makers, industry leaders, practitioners, legislators, and government partners involved in digital finance, digital transformation, innovations, and strategy to build an in-depth discussion and actionable ideas through presentations, panels, insights, and collaborative learning opportunities that will evolve within the core pillars of transformation, people, technology, and process.

The Summit is being staged in collaboration with the Department of Finance, Department of Information and Communications Technology, Bangko Sentral ng Pilipinas, Department of Trade and Industry, Securities and Exchange Commission, Department of Transportation, National Economic Development Authority, Insurance Commission, National Privacy Commission, Credit Information Corporation, Department of Health, Department of Agriculture, and other key government agencies.

Among its keynote speakers include Finance Secretary Benjamin Diokno, BSP Governor Felipe Medalla, Securities and Exchange Commission Chairman Emil Aquino, Insurance Commissioner Dennis Funa, and other local and international shakers and movers in the fintech and digital space discussing national digital transformation focusing on inclusive finance, healthtech, agritech, eductech, quantum technology, metaverse, digitizing MSMEs, digital assets, decentralized finance, blockchain, and open banking, to name a few.

Given the exponential growth of these industries, INDX Summit 2.0 will empower key sectors to achieve their goals towards the digital future and support those who seek advancement in the fintech landscape — progressively closing a gap in terms of producing high-quality digital talents.

The two-day INDX Summit will be capped by an Ambassadors' Gala where key heads of missions and other international development agencies as well as partner regional and global partners will gather. One of the highlights of this event would be the inaugural launch of the Fintech and Regulatory Innovation Program in the Philippines on 23 November 2022 at 6 p.m.

This exciting new program will be delivered by the Mapua University and the FinTech Alliance.ph, and powered by the Cambridge Centre of Alternative Finance, University of Cambridge Judge Business School. This initiative is the first off-campus Cambridge FinTech and Regulatory Innovation Program by the CCAF, University of Cambridge Judge Business School in the ASEAN region.

"This FinTech Alliance INDX Summit 2.0 will be the biggest gathering of movers and shakers not only in the Philippines, but globally, with the common aim of accelerating inclusive and sustainable Philippine digital economy," said Lito Villanueva, founding chairman of FinTech Alliance.ph and executive vice president and chief innovation and inclusion officer of RCBC.

Villanueva was asked different questions on concerns about online lending, digital payments, and the web 3.0 space. He mentioned that all of these issues have a vital impact to the direction of the sector in the future and the INDX conference was rightfully established to create a stage where different stakeholders and decision makers can discuss and address these.