The World Fintech Festival 2020 is the post-COVID-19 version of the Singapore Fintech Festival, the world’s leading physical event of its kind, which last year drew 60,000 participants from 140 countries, including heads of state, policymakers, as well as financial and technology company leaders.
The event has a number of major sponsors, among them one of Cambodia’s best-known fintech firms, TrueMoney. The company is reaffirming its commitment to financial inclusion and digital literacy through the sponsorship of the event.
TrueMoney (Cambodia) Chief Strategy Officer Khuon Frandara will be talking about the company’s commitment to financial inclusion as part of a discussion panel on the subject.
The panel will take place tomorrow and is themed as a “Cambodian Financial Inclusion Outlook 2021 Onwards”. The discussion will assess the state of financial inclusion in Cambodia.
“As a company committed to helping ordinary Cambodians manage their finances and grow their businesses, we are honoured to take part in the World Fintech Festival,” said Khuon Frandara. “We are especially pleased to speak about financial inclusion – which is a subject that we have significant experience with here in Cambodia, as well as throughout the region.”
TrueMoney is also committed to helping the education sector as a whole by improving financial literacy among all Cambodians. The company is planning key partnerships with various e-learning platforms to help to drive the move from offline to online, which is part of the “new normal” spawned by the recent COVID-19 pandemic.
“The future of the finance sector is online. That is why we are looking to form key partnerships with e-learning platforms that help educate young Cambodians on how to manage their money online responsibly.”
“TrueMoney technologies have been tested throughout the region and are tailor-made to ensure they are user-friendly experiences. We aim to bring these advanced systems here so that all Cambodians can benefit from these advances,” added Khuon.
Last year Assistant Governor and Director-General of Central Banking, National Bank of Cambodia (NBC), Chea Serey was part of a discussion panel with Christian Catalini (Calibra, Facebook), Mu Changchun (The People’s Bank of China) and Umar Farooq (J.P. Morgan) where they discussed the future of digital currency.
The fintech festival, organised by the Monetary Authority of Singapore and Enterprise Singapore, will feature a unique hybrid format that combines a 24-hour online event platform with more than 40 global satellite events around the world. Organisers hope this new hybrid model will provide participants with greater access to the global fintech community.
The NBC, the Association of Banks in Cambodia and the Cambodia Association of Finance and Technology (CAFT) are hosting the Cambodian satellite event on now through Friday. It will feature international and local speakers and panel discussions on subjects ranging from the rise of digital currencies, the impact of 5G in accelerating fintech development and how fintech can support industries most harshly affected by the COVID-19 pandemic.
“Bringing together international and local experts in this festival is a great chance for us to share experiences and ideas about how technology can improve the way we earn, save and spend our money,” said Tomas Pokorny, secretary-general of CAFT.
This article was first published in Khmer Times. All contents and images are copyright to their respective owners and sources.