Logo of Phnom Penh Post newspaper Phnom Penh Post - Nov tech expo’s FinTech Stage to guide sectoral development

Nov tech expo’s FinTech Stage to guide sectoral development

Content image - Phnom Penh Post
Two local children entertain themselves with smartphones outside a home on Koh Dach Island, also known as Silk Island, in the capital’s Chroy Changvar district earlier this year. Hong Menea

Nov tech expo’s FinTech Stage to guide sectoral development

The Cambodia Tech Expo (CTX) 2022 scheduled for next weekend will reportedly feature a FinTech Stage that seeks to gather community input to inform policy decisions on the development of the local financial technology (fintech) sector, as well as to accelerate the creation of digital economy and fintech solutions and applications in the Kingdom.

The government tasked the Ministry of Industry, Science, Technology and Innovation with organising the event at the Koh Pich Convention and Exhibition Centre in the capital from November 11-13, in conjunction with the ASEAN Summit, the Digital Economy and Business Committee (DEBC) recapped in an October 28 statement.

“Besides the Main, Investment and Startup Stages, CTX 2022 also contains a FinTech Stage, co-led by the Ministry of Economy and Finance, [DEBC], National Bank of Cambodia [NBC], Techo Startup Center [TSC], and CamTech Summit powered by Prudential Cambodia, Cambodian Association of Finance and Technology [CAFT], Association of Banks in Cambodia, and Cambodia Microfinance Association.

“Combining with the annual CamTech Summit, the FinTech Stage will be Cambodia’s first-ever annual fintech expo.

“The FinTech Stage aims to support and foster the digital economy and fintech development in Cambodia by mobilising national and foreign regulators, private enterprises, and relevant stakeholders to connect, better understand fintech trends and innovations, as well as talk through opportunities and challenges.

“[This will better allow stakeholders to] strengthen and expand Cambodia’s fintech ecosystem, take full advantage of the innovations, as well as adapt and prepare for the dynamic development of fintech in Cambodia.

“The public will also avail of presentations and panels on digital banking, insurtech [insurance technology], Cambodia Distributed Ledger’s launch, Web 3.0, cybersecurity in Open Finance, and more, engaged by a host of distinguished experts from national and foreign regulators, banking and financial institutions, insurance companies and associations.

“The FinTech Stage also aims to gather more input for drafting a concise, flexible [Cambodian] fintech development policy,” the statement said.

It added that the forum is expected to be attended by representatives and leaders of the finance ministry, DEBC, NBC, TSC, CAFT, banks and microfinance institutions, universities and research institutions, development partners, other relevant associations and private businesses.

Cambodia Digital Tech Association president Chhin Ken told The Post on October 31 that CTX 2022’s FinTech Stage would greatly benefit the Kingdom, especially the digital tech space which has seen unprecedented levels of adoption.

The forum will showcase new technologies developed by Cambodians and overall progress on innovations to international leaders and experts who are attending the ASEAN Summit, and most likely convince a number of interested participants to invest in the local tech scene, he stated.

MOST VIEWED

  • Research key to Kanitha’s rep for expertise

    Sok Kanitha is used to weighing in on controversial issues using a confident approach that signals expertise and authority, and a recent video she made was no exception. Her “Episode 342: The History of NATO” video went live on January 16, 2023 and immediately shot to 30,000 likes and 3,500

  • Cambodia maintains 'Kun Khmer' stance despite Thailand’s boycott threat

    Cambodia has taken the position that it will use the term "Kun Khmer" to refer to the sport of kickboxing at the upcoming Southeast Asian (SEA) Games, and has removed the term Muay from all references to the sport. Despite strong reactions from the Thai

  • Knockout! Kun Khmer replaces ‘Muay’ for Phnom Penh Games

    Cambodia has decided to officially remove the word Muay from the programme of the 32nd Southeast Asian (SEA) Games 2023 in May. “Kun Khmer” will instead be used to represent the Southeast Asian sport of kickboxing, in accordance with the wishes of the Cambodian people. Vath

  • Artificial insemination takes herd from 7 to 700

    Some farms breed local cows or even import bulls from a broad for the purpose of breeding heavier livestock for meat production. One Tbong Khnum farmer has found a more efficient way. Hout Leang employs artificial insemination to fertilise local cows. Thanks to imported “straws”

  • New int’l airport nearly half complete as travel industry returns to life

    Construction of a new airport that is slated to serve the capital has passed the 43 per cent completion mark, raising prospects for a proper recovery in the civil aviation and tourism sectors as international travellers return to the Kingdom in increasingly large numbers. The figure

  • Chinese group tours return to Cambodia starting Feb 6

    Cambodia is among 20 countries selected by Beijing for a pilot programme allowing travel agencies to provide international group tours as well as flight and hotel packages to Chinese citizens, following a three-year ban. As the days tick down until the programme kicks off on February 6,