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Participants stated that there is a need for separate regulations for domestic fintech companies, but the Financial Regulatory Commission was in a position to express the need for new regulation in this sector.
With the creation of financial assets based on blockchain technology, Mongolia is seeing a rise of companies established to attract foreign investors to make an investment in real estate and fixed assets.
Participants emphasize that the implementation of a national initiative, such as creating an innovative environment and attracting foreign direct investment by creating a digital economy zone will promote fintech development.
At the event, representatives of government agencies came to talk about the lack of policy and regulatory environment in the sector and expressed their position on the necessary legislation and regulation, and the Financial Regulatory Commission announced that it would be able to pass the Sandbox methodology in the International Coordination framework in 2019.
Last week, IOHK and Cardano Foundation members joined the Frontier FinTech summit in Mongolia. On the first day of the event, the Frontier FinTech Hackathon was held to help participants understand and test a demonstration of Marlowe.
Tsogtbaatar DamdinMinister of Foreign Affairs of Mongolia
Davaasuren SodnomdarjaaChairman, FRC
Charles HoskinsonInput Output Hong Kong, Chief Executive Officer
Bulgantuya KhurelbaatarDeputy Minister of Finance
Brian TangFounder, ACMI and LITE Lab@HKU; Co-chair of RegTech Committee of Fintech Association of Hong Kong
Takeshi KitoBoard Member, Fintech Association of Japan. Founder & CEO, Crowd Realty, Inc.
Bayarsaikhan V.COO at AND Global
Hyunseo LimCOO of Tanker Fund
Inmo Chungex-CEO of Iamcompany (acquired by NHN)
David SoaresMember of House of Representatives of the Federal Government of Brazil
- May 11th: Main Summit Event09:00 - 18:30
- May 10th: Roundtable09:00 - 17:00
- May 9th: Hackathon08:00 - 21:00
Past, Present and Future of Fintech
Truss CEO Sangwoo Han will give the keynote for the session discussing the past, present and future of fintech including payment gateways, remittance and virtual accounts. This will be followed by a panel and Q&A.
Bayarsaikhan V., COO of And Global
Batsaikhan, MongolBank Payment Systems Director
Sukhdorj A., MostFinance Chairman
Khuderchuluun N., Head, Research and Risk Evaluation Division, FRC
Jongchan Lee, CEO of Tanker Fund
Blockchain and the Emergence of Digital Assets
IOHK CEO and blockchain luminary Charles Hoskinson will give the keynote for the session followed by a panel and Q&A session.
Peter Choe, COO of Truss
Lhamsuren G., CEO of ICT Group
Altai Kh., CEO of Mongolian Stock Exchange
Denar B., CEO of M Lab Singapore
Brian Tang, Co-chair of RegTech Committee of Fintech Association of Hong Kong
Responsible and inclusive finance: tackling challenges with technology
FRC Chairwoman Davaasuren Sodnomdarjaa will give the keynote for the session, followed by a panel discussion and Q&A.
T. Altankhuyag, Information Security Department
Gantulga B., CEO of Lendmn
Enkhjargal D., President of Women in Banking and Finance Onchinsuren, Deloitte
Breaking the banks: future fintech
Tanker Fund COO Hyunseo Lim will give the keynote followed by a panel discussion and Q&A.
Sangwoo Han, Truss CEO
Sainbileg M, CIO and Deputy CEO of Golomt bank
Tenuun G., CDO of Ard Financial Group
Tseyen-Oidov, Mobifinance CEO
ICT and Digital Economy Innovation
The panel will discuss ICT and digital economy innovation followed by a Q&A.
Gerelmaa Batchuluun, Steppe Group CEO
Battamir A., CTO of ICT Group
Youngkyu Lee, Professor at ChungAng University and Korean National Knowledge and Information Resource Management Committee member
Policy and Regulation Roundtable Talks
A special deep dive event into regulatory issues to be held at the Ministry of Foreign Affairs the day before the main summit event.
Important Note for Attendees: Please bring your passport or Mongolian national ID card in order to enter the Ministry.
The Mongolian Minister of Foreign Affairs Tsogtbaatar D., the Mongolian Financial Regulatory Commission Chairperson Davaasuren and Brazilian congressman David Soares will offer opening remarks.
Rise of Fintech: Mongolia as a Greenfield
Input Output Hong Kong (IOHK) CEO Charles Hoskinson will give a keynote on opportunities in Mongolia to open the session.
Jargalsaikhan D., Founder of Defacto Institute
Sangwoo Han, CEO of Truss Chain Korea
Tsogtbaatar D., Minister of Foreign Affairs
Davaasuren S., Chairperson of FRC
Gantulga B., CEO of Lendmn
ICT and Digital Economy Regulations
Bulgantuya Kh., Deputy Minister of Finance and Brian Tang, Founder of ACMI and LITE Lab@HKU and Co-chair of RegTech Committee of Fintech Association of Hong Kong will be the keynote speakers opening the session.
Kherlenchimeg A., Truss Chain Management
Prof.Lee Yonkyu, Commitee Member of Korean National and Information Resource Management
Sangyeol Nam, APEC TEL Chairman, ICT Trade and Inter-Korean Cooperation Center Director
Takeshi Kito, Board Member of FinTech Association of Japan. Founder and CEO, Crowd Realty, Inc.
Khuderchuluun N., Head of the Research and Risk Evaluation Division, Mongolian FRC
Sereedorj D., Vice Chairman of CRC of Mongolia
Fintech Ecosystems and Applications
Bayarsaikhan V., COO of And Global, and Takeshi Kito, Fintech Association of Japan and Founder and CEO of Crowd Realty, inc. will give keynotes to introduce the session. This will be followed by a panel discussion and short Q&A with the audience.
Bolor-Erdene B., Founder and Editor-in-Chief of Trends.mn
Sukhdorj A., Chairman of Most Fintech
Manmeet Singh, CIO of Emurgo
Enkhmunkh Z., Principal at Sant school
Donghun You, VC from NAU IB Capital
Managing Risk and Compliance
Bilguun Kh., Referent, Supervision Department, FRC of Mongolia
Batmandakh B., Senior Associate of Minter Ellison
Oybek Khalilov, CEO of Tenger Insurance, Chairman of AmCham Mongolia
Onchinsuren D., CEO of Deloitte Mongolia
Solongoo B., Managing Partner at Avinex Partners
- 08:00 - 21:00
- 08:00 - 08:30
- 08:30 - 08:40
- 08:40 - 12:00
- 12:00 - 13:00
- 13:00 - 17:00
- 17:00 - 18:30
- 18:30 - 18:50
- 18:50 - 19:00
- 19:00 - 21:00
The teams will choose financial contracts to implement in Marlowe.