Open Finance

Event Recap: Open Finance Revolution 2023 in the Philippines

Brankas Team July 14, 2023
Event Recap: Open Finance Revolution 2023 in the Philippines

Todd Schweitzer at Open Finance Revolution

The inaugural Open Finance Revolution by the Fintech Philippines Association (FPH) took place on July 5 2023, at Shangri-La The Fort in Manila. A true milestone for all the drivers of embedded finance, open banking, and financial innovation in the region, the industry conference debut brought over 200 delegates and VIP speakers. As the chair of the FPH Open Finance Committee, Brankas played a pivotal role in organizing the conference and we are excited for what this means for the open finance industry.

Among the VIP speakers were SEC Commissioner Kelvin Lee, who revealed the intricacies of financial regulations and risk management to shed light on how the unbanked and underbanked can approach modern financial services securely. Undersecretary of DICT David Almirol also shared important plans by the government technology department to elevate the quality of financial services, in a bid to enable seamless government operations for Filipinos. 

David Almirol at Open Finance Revolution

Brankas CEO and Co-founder Todd Schweitzer set the stage with his opening keynote address for the banking and open finance opportunities that lie ahead for businesses and consumers in the Philippines. This helped to welcome relevant discussions about payment innovation, customer experience, and technology advancement in industries like ridehailing, public transportation, gaming, and law. 

On behalf of everyone at the FPH Open Finance Committee, we want to thank our sponsors Temenos, GrabForBusiness, DragonPay, Jointeff, and GoodTech. Special appreciation goes to the speakers and panelists who impressed the crowd with their expertise. But most importantly, we are thrilled to see the overwhelming reception to open finance in the region.

Banking-as-a-Service panel

Driving the future of financial services requires the collaboration of consumers, fintechs, banks, and government agencies. Join Brankas and the FPH in unlocking the next wave of financial innovation and Banking-as-a-Service products.

For more information about providing an embedded finance experience for your customers, check out some of Brankas’ solutions for payments and data.

Related Articles

A How To Become Open Banking Compliant: A 10-Step Guide
Open Finance 12/01/2024
A How To Become Open Banking Compliant: A 10-Step Guide

Non-compliance with open banking regulations transcends geographical boundaries and carries legal implications that resonate globally. This article is designed to equip you with the essential steps to ensure compliance and success in open banking compliance.