
Fintech Alliance.PH, the country’s premier association of fintech and digital innovators, announced that it is gathering the largest number of fintech, finance, and digital finance organizations in the upcoming Manila Tech Summit to discuss the impact of the AI Revolution to bolstering Philippine economic growth.
The fourth installment of this prestigious collective of organizations is focused on the theme “AI Unlocked: Shaping Our Digital Future.” The summit is scheduled to take place on August 6 to 7, 2024, at the Manila Marriott Hotel, Newport World Resorts in Pasay City.
Chairman Lito Villanueva opened the press conference by stating, “It couldn’t be a more timely push for artificial intelligence.” He shared that there has been a 45 percent increase in AI spending among CIOs for the year 2024 according to the International Data Collection (IDC).
The theme “AI Unlocked” promises thought-provoking discussions on AI and its impact on the labor force, cybersecurity, and the importance of safe regulations and developments emphasizing: “We won’t be playing it safe when it comes to discussing AI.”
Martha Borja, Grab Philippines Country Head and FinTech Alliance Trustee, announced LinkedIn as one of the official knowledge partners among others to discuss how to humanize AI, stating, “It’s not man vs. machine.” Imelda Tiongson, FinTech Alliance PH trustee, hinted at government partnerships to discuss AI regulations, mentioning the new jurisdiction in Europe that has set a benchmark for other FinTech laws in the country.
The Manila Tech Summit aims to explore the transformative power of artificial intelligence (AI) in reshaping the nation’s landscape, driving economic prosperity, efficiency, and innovation across key sectors.
Lito Villanueva, founding chairman of the Fintech Alliance and RCBC executive vice president and chief innovations and inclusion officer, highlighted the significant impact AI has and will have on the Philippine economy.
He emphasized that AI is not just a tool but a transformative force that will reshape industries, influence economies, and cultivate innovation.
Villanueva noted that it is the ideal time for the industry to unite and elevate the discourse on the future of AI in the Philippines.
The event is expected to provide a platform for members of the finance and fintech sector to understand the current trajectory of the industry and leverage AI technologies for sustained growth.
The two-day summit will include keynote speeches, panel discussions, and collaborative learning opportunities on various topics related to AI adoption, evolving skill sets in the tech industry, digital city development, quantum computing, cybersecurity, socio-economic development through AI, and more.