PHNOM PENH, Cambodia, March 9, 2022 /PRNewswire/ — The Cambodian Finance and Technology Association (CAFT) held its second Annual General Meeting and signed a Memorandum of Understanding with the Ministry of Posts and Telecommunications (MPTC) last Friday, March 4, 2022 at the SOSORO Museum – Preah Srey ICANAVRMAN.
The MoU was signed by HE So Visothy, Secretary of State MPTC and Mr. Remi PellChairman of CAFT’s Board of Directors and in the presence of HE Dr. Chea Vandeth Minister of Posts and Telecommunications, HE SOK Puthyvuth, Secretary of State MPTC, HE Dr. Chea Serey and the director of the board of directors of CAFT, the secretary general, Mr. Tomas PokornyCAFT Board Treasurer Frandara Khuon and CAFT Board Member Sanjay Chakrabarty.
The MoU aims to further CAFT’s collaborative vision by bringing together and uniting the diverse parts of the public and private Cambodian finance and technology community, advocating for a unified voice of the finance and technology ecosystem. Cambodian, by facilitating a large network where people from the Cambodian finance and technology industry connect, and to teach by learning from existing and past leaders to nurture the next generation of talent.
In his welcome speech, Mr. Remi Pell The president of CAFT mentioned that the association is ready to meet the challenges of the Cambodian industry. “CAFT has designed strategic objectives to guide us on how we meet the challenges we face as an industry – 1) the need to expand the technology talent pool and create upskilling opportunities, 2) create training to develop innovation skills for implementation and use, 3) increase digitalization and adoption of SMEs , 4) financial literacy and financial inclusion. These are the challenges that make us an association and it is our mission to meet them and make progress, which sometimes seems gradual, but holistically it is steadily progressing.“, he said.
HE Dr. Chea SereyDeputy Governor and Chief Executive Officer of the National Bank of Cambodia on his collaborative remark, said: “Fintech is meant to provide convenient and affordable access to finance that could improve financial inclusion and deliver socio-economic benefits to SMEs and individuals who lack access to financial services. The MoU between CAFT and the MPTC has been an important step in creating synergy between the private and public sectors to promote a diverse digital economy Cambodia.“
Meanwhile, HE Dr. Chea Vandeth, Minister of Posts and Telecommunications highlighted the importance of the MoU during his collaborative address. He said“The collaboration between MPTC and CAFT is a good example of bringing the private and government sectors together towards a goal of improving finance, technology, startups, entrepreneurship, commerce, marketing, networks, building capabilities and knowledge that would enable financial inclusion, digitize and digitize tech and financial startups, transform the current digital ecosystem, and foster the development of infrastructure for from Cambodia the economy must align with Industry 4.0 and take full advantage of it. »
During the GA CAFT Director of the Board of Directors – Secretary General Mr. Tomas Pokorny presented the CAFT milestones for 2021. Although a difficult year, CAFT was able to persevere and underlined the success of the CamTech Summit powered by Prudential with the hope that it Cambodia on the map as a Fintech powerhouse and that this year CamTech Summit Powered by Prudential will be held in person.
As part of CAFT’s ongoing advocacy, Tomas Pokorny during his presentation announced the strategic partnership with Prudential (Cambodia) Life insurance. The partnership will highlight Prudential’s unwavering and ongoing support of CAFT initiatives and its contribution as title sponsor of the CamTech Summit.
Sanjay Chakrabarty, CEO of Prudential and Board Member of CAFTnoted, “We are the pioneers of digital health and insurance in Cambodia. Our efforts are supported by a thriving Fintech sector. CAFT has done an incredible job of developing the Fintech sector by Cambodia. We are now in the third year of this strategic partnership and look forward to continued capacity building and knowledge sharing in Cambodia via CamTech and other planned events.”
Other partnerships were also announced with the Cambodia Internet Startup Association led by Mr. Jack LeeInternational Chamber of Commerce chaired by Mr. Paul Clements and ecosystem partner – 500 Global with Carrie Liauw, Regional Director, Programs, APAC. These partnerships are vital to the future of CAFT and its commitment to its members and the public.
For summarizes his presentation Pokorny highlighted the establishment of the FINTECH ASEAN Roundtable which would bring together ASEAN states for collaborative meetings to discuss key issues and challenges affecting the region and determine how to move the sector forward.
“We are finally beginning to show, through our efforts and the efforts of many others, that Cambodia is ready to communicate with the rest of the world on technology and funding,” said Pokorny.
Also present at the event was Ambassador Tina Redshaw, British Ambassador to Cambodia; HE TOUCH Yarandy, Under-Secretary of State of the MPTC; HE CHEA Sereyvath, MPTC Advisor; SE NEANG Mao, Director General of the General Department of Information and Communication Technology; HE MOK Rady, Director General of the General Department of Administration; HE SAM Sethserey, President of the Institute of Digital Research and Innovation of the Cambodian Academy of Digital Technologies (CADT) and Mr. Ouk SaratDirector of the Payment Systems Department, National Bank of Cambodia.
Finally, the event would not have been possible without the CAFT Board of Directorsit’sExecutive Committeeit’smembers and partners continued support as well as AGM sponsors iCare Benefits Group, Sathapana Bank, Tilleke & Gibbins and TrueMoney Cambodia.
SOURCE Cambodian Finance and Technology Association