Industry leaders discuss open finance, cybersecurity and ‘new money’ – Manila Bulletin


The Philippines’ economic recovery from COVID-19 can be accelerated by modernizing its industries with fledgling innovations that can take it to the next global level. The widespread digital adoption of breakthroughs such as open finance, cybersecurity and “new money” can transform and empower businesses and make them competitive on the global stage. This roadmap towards full digitization nationwide, revolutionizing sectors like finance, real estate, insurance, esports, among others, will be presented by technology experts, heads of government and chiefs. company during the World Fintech Festival (WFF) which will be held virtually. November 11 and 12.

The WFF, the global version of the Singapore Fintech Festival, one of the world’s leading technology events, is co-hosted by the Monetary Authority of Singapore (MAS), the central bank of the Lion State; GeiserMaclang Marketing Communications, Inc. (GMCI); and Digital Pilipinas, the national movement that uses technology to solve age-old challenges that slow progress. This is the second year in a row that the Philippines has joined WFF host countries which include Australia, Brazil, Cambodia, Denmark, Hungary, India, Japan, Kenya, Nigeria and the United States. United.

“Today for our second year in a row, the Philippines’ participation in WFF can steer our national progress faster in a newer, more technologically advanced direction,” said Amor Maclang, Head of Digital Pilipinas and Co-Founder from GMCI. “Despite – or perhaps because of – the challenges posed by the pandemic, our government, the business community and our people have been nimble when it comes to technology adoption. Electronic commerce, cryptocurrency, cybersecurity, and other forms of technology are growing and integrating into our society. Yet we are only seeing the beginning. The WFF and Digital Pilipinas will show us other innovations and the critical next steps we need to take not only to excel, but also to take our place as the region’s technological and economic hub.

Secure your financial footprint

WFF’s first panel, “The Future of Finance is Asian and Digital,” will show how lawmakers and banking institutions can work together to create the right digital infrastructure that supports Open Finance. In the standardization of application programming interfaces (APIs), users will have more control over their financial footprint to experience transparent transactions and exploit opportunities in business, loans and employment.

The second panel, “ProTECHPinas: Technology and Its Role in a More Secure and Cyber ​​Defended Digital Philippines”, will discuss ways to protect the real estate industry and the country from cyber threats. The important players who can neutralize cyber attacks are hackers, cybersecurity experts, data mining companies, and others who find and fill cybersecurity gaps. The direction of this presentation was determined by the Department of Information and Communications Technology (DICT).

The third panel, “InsurTech & HealthTech: Changing Healthcare Delivery and Protection through Technology”, will address industry challenges such as public perception of insurance and the need to democratize the health and insurance sectors. for the public good. Officials from the Department of Health (DOH) and the health insurance and technology sectors will help bring clarity and solutions.

E-sports, crypto and women in tech

The fourth panel, “Asia as the Biggest FinTech: Balancing Hypergrowth with Consumer Defense and Protection,” will stimulate conversations on how to ensure the region’s financial and technological leadership in this area. Another topic is consumer protection as sellers and cybercriminals increase. This panel will be led by the Department of Commerce and Industry (DTI) and executives from digital payment platforms as well as mobility companies.

Given the important role young people play in shaping this country’s digital future, e-sports and next-generation monetary assets such as cryptocurrency will be the focus of the fifth panel, “How” new money ”looks at the future of money. “Bangko Sentral ng Pilipinas (BSP) officials, esports experts and cryptocurrency connoisseurs will explain how the Millennial and Gen Z attitude towards wealth can be a game-changer in this new financial space.

Finally, keeping diversity and inclusiveness in mind, this year’s WFF will also highlight women leaders in the final panel “Women in Innovation, Finance, Governance and Technology: Inspirational Stories”. of women who broke the glass ceiling ”. They will share their perspectives and learning on how they bring their unique talents and perspectives to industries often dominated by men. This panel will also discuss how digital tools are helping to open the once restricted doors of technology, finance, innovation and governance for women.

To reserve your slots, please visit the WFF website at https://www.fintechfestival.sg/world-fintech-festival/. For more information, please visit the Digital Pilipinas page https://www.facebook.com/DigitalPilipinas2021/


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