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Ouk Sarat

Director of Payment System Department, National Bank of Cambodia

Mr. OUK SARAT currently serves as Director of Payment System Department, National Bank of Cambodia. His main responsibilities include formulating payment system policy, strengthening regulatory and oversight framework, and enhancing cooperation among all stakeholders. Mr. OUK also engages in several financial sector initiatives i.e. financial sector development strategy, financial inclusion, financial stability, and financial integration.

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Speaking At

Elevandi Insights

Roundtable 3

Invite-Only

Tue,14 Nov | 01:30PM - 03:00PM

(Invite-Only) How Universal Trusted Credentials (UTC) can transform financial inclusion

Digitising Inclusion

The UNDP, MAS, and other international parties have launched a concept called Universal Trusted Credentials (UTC). This unique concept will enable MSMEs to create digital identities and trusted credentials through a non-collaterized set of date points. Once these UTC are accepted by financial institutions, MSMEs will be able to access a wider and deeper level of financing. This concept has a huge potential to uplift MSMEs globally.

The UNDP will host a session for UTC introducing it as a concept, highlighting its current progress, and seeking areas for which it could further advance. The panel members include senior central bank leaders and financial institution partners.
The aims of the session are to:
1.    Advance industry thinking on UTC and specifically around process and benefits.
2.    Harness collective experience and best-practices.
3.    Connect with different countries in order to expand and deepen UTC use in represented markets.

Carrie Suen, Senior Advisor, Global Affairs & Sustainability Strategies, Ant Group

Eugene Goh, Deputy Director, Monetary Authority of Singapore

Manish Bhai, Founder & Chief Executive Officer, UNO Digital Bank

Ndungu Thairu, Deputy Managing Director, Consolidated Bank Ghana

Qamar Saleem, Chief Executive Officer, SME Finance Forum

Saurav Bhattacharyya, Chief Executive Officer, Proxtera Pte Ltd

Xue Tan, Head of Business Development - Asia, Global Legal Entity Identifier Foundation (GLEIF)

Dr Maxwell Opoku-Afari, Deputy Governor, Bank of Ghana

Dawn Chan, Chief Executive Officer, Centre for Impact Investing & Practices (CIIP) & Managing Director Investments, Temasek Trust Capital, Temasek Trust Capital

Ouk Sarat, Director of Payment System Department, National Bank of Cambodia

Nikhilesh Goel, Co-founder & Group Chief Executive Officer, Validus

Anju Abrol, Chief Executive Officer, Head of Wholesale Banking APAC, ING Bank

Ho Giao Pik, Managing Director, Head Strategic Alliances & Fintech, United Overseas Bank

Jean Pierre Gagnon, Deputy Chief Executive Officer, Sathapana Bank Plc.

Thomas Krogh Jensen, Chief Executive Officer, Copenhagen FinTech

Aiaze Mitha, Global Lead, Digital Finance and SDGs, United Nations Development Programme (UNDP)

Regulation Stage

Hall 5, Singapore EXPO

Open

Fri,17 Nov | 12:30PM - 01:15PM

Impact of universal trusted credentials on SMEs

Responsible Tokenisation

An electric mix of a regulator, banker, a financial supranational agency and United Nations will analyse the implications of how a new paradigm to empowering SMEs with their own trusted credentials will open up new financial inclusion and digital economy opportunities.

The panel will cover:
1. What is the new UTC issued by UNDP with international partners
2. How will this change the approach to financial services for SMEs, especially with the inclusion of LEIs
3. What new future services lie ahead with this combined UTC x LEI structure and which markets could benefit from this