PH's 1st Inclusive Prosperity Fintech Summit lures 200 participants
As a proof-of-concept, two independent parties and a bank joined forces (BlockchainSpace, BlockDevs Asia and Unionbank) to address an overarching mission of “inclusive prosperity” through two simultaneous events -- a Fintech Forum and a Blockchain Hackathon. The financial technology forum titled “Fintech Forum” allowed participants to learn from industry leaders throughout the weekend about underlying challenges faced in the Philippine financial landscape and the culminating blockchain hackathon (DISH - Decentralized Innovation Startup Hackathon) concluded the weekend with ways that financial technology could solve these problems, presented by blockchain developers.. The first day of the Fintech Forum kicked off with leaders in the regulation and fintech association spaces painting the Fintech regulatory landscape. This was followed by established names Unionbank, FWD Insurance, and Cebuana Lhuillier showcasing their efforts to use technology to enable digital transformation to enhance their current products and services. By contrast, the second day focused on payments and blockchain solutions that have an impact on the wider financial technology landscape featuring pioneering companies such as SCI Ventures, Qwikwire, and Coins.ph. Happening concurrently was DISH 2019, a blockchain hackaton with over 75 participants spread across more than a dozen teams. Each team was tasked with developing a blockchain-based application centered around the idea of inclusive prosperity utilizing platforms such as Ethereum, Stellar, and IOST. The summit concluded with a judging of the 12 qualifying teams for DISH at the Fintech Forum where contestants pitched their project to a panel of expert judges.