Digital Pilipinas Festival Headlines PH Fintech Fest 2022

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Editing by Nathaniel Cajuday

Kicking off on the same date as the upcoming Philippine Fintech Festival, which is also organized by Digital Pilipina, Digital Pilipinas Festival (DPF) is set to happen on October 17 to 21, 2022 as it gears towards an anti-fragile system in the country. The event will jump-start a month-long celebration of digital adoption in the ASEAN region.  

Aside from the creation of an anti-fragile system, DPF will also support the growth of the Philippines’s digital economy which is projected to reach P5 trillion by 2030.

“Throughout the week, the DPF will also bring together more than 200 prominent ASEAN leaders from the public and private sectors including regulators, CEOs, CTOs, CIOs, venture capitalists, investors, tech and digital innovators, pioneering startup founders, entrepreneurs, and senior policymakers,” the organizers wrote in a statement.

Moreover, the DPF will also kick off the month-long ASEAN FinTech Festival which will be followed by similar festivals in Cambodia, Thailand, the annual Singapore FinTech Festival, and Indonesia.  

“DPF envisions making the Philippines a powerful player in the ASEAN region…The Philippine digital economy, which economists have forecasted to reach a value of $92 billion by 2030, is poised to make our country even more competitive in the regional FinTech and other tech space,” Amor Maclang, Convenor of Digital Pilipinas, the World FinTech Festival-Philippines (WFF-PH), and the PFF, stressed.

She also highlighted that “together, Digital Pilipinas and the PFF compose the country’s largest Digital Economies Festival.”

According to a media release, the event is composed of two parts: the World FinTech Festival-Philippines (WFF-PH) in the morning which will highlight the development and advancement of FinTech and various kinds of tech in the ASEAN region; and the inaugural Philippine FinTech Festival (PFF) in the afternoon which will focus on the challenges, issues, and innovations that are country-specific for the Philippines.  

The World FinTech Festival-Philippines sessions (WFF-PH) will feature the advancement of various kinds of technology in South East Asia wherein the government and industry leaders from various countries such as Hungary, Israel, and Singapore will be present to share their best practices and seek collaboration on trends like regional transactions, the spread of eCommerce, cybersecurity, and AI and data privacy, among others.

The PH fintech Fest, on the other hand, will gather sectoral stakeholders, regulators, legacy players, technologists, and startups in individual technical working group discussions to address specific industry pain points and present their unique solutions. 

The PFF will also explore how technology can tap the tremendous potentials that lie in the Philippines to improve industries, develop smart cities, and create a brighter future.

Last August, the Department of Information and Communications Technology (DICT) and the Department of Trade and Industry (DTI) participated in the media and partner launching of the World Fintech Fest-PH and  PFF. (Read more: DTI, DICT Lead Partnership Launch of Philippine Fintech Festival 2022)

Further, the major highlight during the 5-day event is the launch of the MAS Hackcelerator Program, powered by Digital Pilipinas and think tank Oliver Wyman, which will recognize ground-breaking innovations that advance society towards Web 3.0. Trade associations such as the Decentralized Ledger Technology Associations of the Philippines (DLTAP), InsurTech and  RegTech associations,  and other relevant industry groups.

This article is published on BitPinas: Digital Pilipinas Festival Headlines PH Fintech Fest 2022

Disclaimer: BitPinas articles and its external content are not financial advice. The team serves to deliver independent, unbiased news to provide information for Philippine-crypto and beyond.

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