Welcome Remarks during the 2nd Asia Finance Forum

ADB's Vice-President for Knowledge Management & Sustainable Development Bambang Susantono opened the 2nd Asia FInance Forum by sharing how Fintech is now shaping the digital economy. It is now revolutionizing trade finance, and providing more opportunties for markets while supporting social developing goals. In response to these sweeping changes, ADB's new strategy up to 2030 fosters responsible and inclusive digital finance services while supporting financial sector development through innovation and an enabling environment.

2nd Asia Finance Forum: FinTech and Sustainable Development

The conference discussed the growing importance of digital finance and its cross-cutting impacts on sustainable development goals, including poverty reduction, inclusive economic growth, inequality mitigation. It also discussed how digital finance can help address thematic issues such as hunger, health, education, gender, energy, infrastructure, and climate change.

FinTech, RegTech, and the Reconceptualization of Financial Regulation

Financial technology or "Fintech" broadly means the application of technology to finance while regulation techonology or "RegTech" refers to the application of technology to regulation. This presentation compares and contrasts these two concepts. It traces their roots and discusses how they have evolved through the years. RegTech can no longer be seen as a mere subset of Fintech. It has grown broader than finance; it will play a critical role in the impending paradigm shift in in finance and industry regulation.