FinTech Stage of Cambodia Tech Expo 2022
Phnom Penh: From November 11 to 13, 2022, at Koh Pich Exhibition Center, the Ministry of Economy and Finance, the Digital Economy and Business Committee, the National Bank of Cambodia, Techo Startup Center, the CamTech Summit powered by Prudential, the Association of Banks in Cambodia, the Cambodia Microfinance Association, and the Cambodian Association of Finance and Technology co-organized the FinTech Stage of Cambodia Tech Expo 2022, Cambodia’s first-ever annual FinTech expo. This FinTech Stage was attended by high-ranking government officials and executives or representatives of relevant stakeholders, including banks, microfinance institutions, academic institutions, research institutions, development partners, and other associations and private enterprises. There were 390 participants attending physically.
The FinTech Stage aims to support and foster the digital economy and FinTech development in Cambodia by mobilizing national and foreign regulators, private enterprises, and relevant stakeholders to connect and better understand FinTech trends and innovations, as well as discuss the opportunities and challenges with the purposes to strengthen and expand Cambodia’s FinTech ecosystem, take full advantages of the innovation, adapt, and prepare for the dynamic development of FinTech in Cambodia. The FinTech Stage also aims to gather more input for drafting a concise and flexible Cambodia’s FinTech Development Policy.
Within these 3 days, there were 12 presentations on crucial topics such as FinTech development in Cambodia and ASEAN, draft Cambodia FinTech Development Policy, digitalization of the banking Sector, KHQR and Bakong, open banking, InsurTech, cybersecurity in developing economy, launching of Cambodia Distributed Ledger (CamDL), and demystifying Web 3.0. In addition, there were 5 panel discussions on topics such as One FinTech ASEAN Movement, banking and digitalization, potentials of InsurTech, cyber threats in financial markets, and building new financial services with Web 3.0.
Under the spirit of sharing and active engagement, the FinTech Stage proceeded smoothly and achieved the expected outputs with interactive and lively discussions among presenters, panelists, and participants. From the discussions and sharing of concepts, innovative ideas, and experiences, the Digital Economy and Business Committee received valuable input to draft an effective and holistic foundation for Cambodia FinTech Development Policy.