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ASEAN BANKING CONFERENCE KICKS OFF IN PHNOM PENH

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Phnom Penh (November 25) – Top financial services professionals from across ASEAN are gathering in Phnom Penh for a major regional conference focused on the digital transformation of banking and financial services in southeast Asia.

Under the title “ASEAN Connectivity 2025: A Brave New World of Digital Innovation For One ASEAN Banking Sector”, this is the 22nd ASEAN Banking Conference and is being hosted by the Association of Banks in Cambodia (ABC) and the ASEAN Bankers Association (ABA).

Keynote speakers at the conference include H.E. Chea Chanto, Governor of the National Bank of Cambodia and H.E. Dato Lim Kok Hoi, Secretary General of ASEAN.

“I am proud of the immense progress of the banking sector in Cambodia as well as in ASEAN, especially during the last several years after the global financial crisis. Modernizing financial infrastructures and innovating financial technologies have helped enhance efficiency in financial services delivery to over 600 million ASEAN population, particularly with security and inclusion,” said His Excellency Chea Chanto, Governor of the National Bank of Cambodia, in a welcome message to conference delegates.

In opening remarks at the conference, Dr. In Channy, Chairman of the ABC and President and Group Managing Director of ACLEDA Bank, will say that cooperation within ASEAN means that all stakeholders could learn from each other, emulate each other and compete fairly with each other to foster economic and social development.

“We haven’t just watched the growth of major regional companies like Grab in Singapore or Go Jek in Indonesia, who are leading the field in making disruptive technology normal,” Dr. In Channy said.

“We have learned from them and we are developing our own disruptors, companies like PassApp or Joonaak, who are bringing their regional knowledge here for the benefit of our people. Of course, we have welcomed Grab and many other companies to operate here but we are proud that we have the skills and the passion to create and grow local competition for these major regional players,” he added.

Other high-level speakers are expected to touch on similar topics during panel discussions on digitalisation and fintech, cybersecurity and blockchain and digital transformation of the banking and financial services sector.
Some 550 delegates are expected to attend the one-day conference at the Sokha Hotel in Phnom Penh, with representatives from all 10 ASEAN countries and many others from across the region.

The second day of the conference, which is being supported by sponsors including ACLEDA Bank as a Strategic Partner, and CIMB, Canadia Bank and PPC Bank as Gold Partners, is dedicated to the 49th ASEAN Banking Council Meeting and is reserved for members of the ABA.

The conference kicked off with a cocktail reception on Sunday and will also include a golf tournament and a city tour, including a visit to a silk weaving training center in Takeo province, to introduce delegates and their spouses to the modern and vibrant city of Phnom Penh.

This is the first time Cambodia has hosted the ASEAN Banking Conference which rotates through all ASEAN countries every two years.

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