On July 22, government and industry leaders from the Philippines and Singapore launched ‘Digital Pilipinas: a Closer Look at the Philippine Sandbox,’ a campaign aimed at influencing change through technology and innovation in both the local and global realms.
Sopnendu Mohanty, Chief FinTech Officer of the Monetary Authority of Singapore (MAS), Ramon Lopez, Secretary of the Department of Trade and Industry (DTI), and Carlos Dominguez, Secretary of the Department of Finance (DOF), have all expressed support for a more technologically capable and innovation-driven digital landscape in the Philippines and across the ASEAN region.
The movement, Digital Pilipinas, has a 12-point agenda to address difficulties in the Philippine industry and economic ecosystem, as well as a strategy to capitalize on ICT-driven opportunities. FINTECH, GOVTECH, and REGTECH; PROPTECH; DIGITAL TRANSFORMATION; OVERSEAS FILIPINO BANKING; FUTURE OF MOBILITY; INSURETECH; E-COMMERCE; CYBER SECURITY; INTERNET OF ENERGY; FUTURE OF EDUCATION; DIGITAL CITIES; and GAMING are among the topics covered by the 12-point agenda.
“Innovations are being spearheaded in the sandbox of Asia,” said Digital Pilipinas Convenor and GeiserMaclang Marketing Communications, Inc. Co-Founder Amor Maclang during her welcome remarks. To remain competitive, we must do more than simply increase our country’s and people’s innovation quotients. More importantly, we must require that our future leaders have a technology and innovation quotient.
In his keynote speech, Mohanty said, “You must ensure that the sandbox will benefit all the citizens for the public good. We are promoting technology for people to progress, so the public good is important to make the sandbox successful.” He added, “If there’s one market in Asia which has the biggest potential to completely transform, it’s the Philippines.”
Lopez supported this in his keynote speech and said, “Before the pandemic, the government has already been utilizing digitalization to push the ease of doing business. The adoption of e-commerce facilitated the digital transformation of business. The government remains committed to its role in enabling different stakeholders in our country to ensure our people benefit in e-commerce.”
Dominguez affirmed this in his keynote speech, saying, “Our economies will need to adjust to modern technologies if they want to remain viable. Even before the pandemic, the Philippine government encouraged the rapid rise of FinTech in our country, and our revenue agencies have fully embraced digitalization.”
The panel discussion was moderated by Malik Kotadia, Co-Founder and Chairman of Global Impact FinTech (GIFT), with the theme “A Whole of Nation, Whole of Society Approach for Technology and Innovation.” In an engaging discussion about the importance of technology and innovation as a means for national progress and prosperity, he was joined by Mohanty, Bangko Sentral ng Pilipinas Deputy Director Ace Alvaro, DTI Asec. Mary Jean Pacheco, AFIN/APIX: ASEAN Financial Innovation Network Director Pieter Franken, and Overseas Filipino Bank President and CEO Leila Martin.
With Maclang and FinTech Philippines Trustee Ida Tiongson as moderators, the first segment of the fireside conversation brought together innovation market leaders to discuss industry issues and challenges while pushing limits with technology. They discussed how they used what they learned from their companies’ transformations to improve their industries’ tech development. Also present were Dragonpay President Robertson “Dick” Chiang, MYNT Chief Customer Officer Winsley Bangit, Insular Life First Vice President and Chief Technology Officer Gwendolyn Kelley, KPMG in the Philippines Head of Cybersecurity and IT Advisory Jallain Manrique, Union Bank of the Philippines Senior Executive Vice President and Chief Technology and Operations Officer Henry Aguda, and Tier On Chief Technology Officer Michael.
Luis Buenaventura, best-selling NFT artist and NFT63 Co-founder and CEO, conducted the second fireside chat section on new voices in tech. People were persuaded to adopt technologies like cashless payments, cloud technology, online education, and e-commerce via innovative techniques. President of the Philippine Coding Camp Gabriel Avelino ‘Gino’ Sampedro; UNObank CEO and Co-founder Manish Bhai; 8Ventures Chairman & CEO Jay Ricky Villarante; and Xendit Philippines Managing Director Yang Yang.
The World FinTech Festival Philippines on November 11-12, 2021 will bring together the country’s top IT executives to offer their perspectives on trends and how firms may become stronger in the new normal. Several conferences, forums, and other activities will be held over several months to support the movement and realize the vision of a digitally empowered Philippines.
The series will be composed of pioneers, change-makers, and leading voices in the tech and innovation industry as well as emerging start-ups that flourished as a result of the COVID-19 pandemic. The Digital Pilipinas ecosystem is made up of frontrunners in the technology and innovation scene including national line agencies, foreign and local industry groups, and corporations.
Maclang, who also moderated the panel discussions, reiterated, “We are not truly free until we control our digital destiny as a country.”
To join the movement, click on www.digitalpilipinas.ph or email firstname.lastname@example.org.