How can Southeast Asia harness tech for good?

Tilman Ehrbeck, Managing Partner of Flourish Ventures and Chair of the Reference Board to U.N. Special Advocate for Inclusive Finance Development discusses with TFGI’s Chairperson Ilaria Chan.

Tilman Ehrbeck has had a front-row seat to the impact of technology on societies over the last three decades, having served as a journalist, economist and venture capitalist.

“I really felt then and I still feel that we need all the tech-led progress and productivity increases that we can possibly get,” he tells Ilaria Chan, Chairperson of the Tech for Good Institute’s (TFGI) Board of Directors. Ehrbeck is now Managing Partner of Flourish Ventures and Chair of the Reference Board at the U.N. Special Advocate for Inclusive Finance Development.  

In a conversation with Chan at the launch of TFGI, Ehrbeck discusses how the power and promise of technology can be molded to have a positive impact in Southeast Asia. “Tech is not necessarily good per se; tech is actually quite neutral. You need to have a moral compass and an idea of to what end we want to use technology. And as a society, you have to work and find a political consensus to deal with issues that technology also brings about”, he says.


Key insights from the conversation:

  • Technology is neutral by nature. It can only be harnessed for good when one works within the right parameters. This means that innovations and business models have to be aligned with the wellbeing of the consumer. 
  • Innovation in technology should be centered around a triple-win proposition that makes consumers, providers and new intermediaries better off.
  • As a region with high internet penetration and low traditional banking penetration rate, Southeast Asia has the opportunity to use technology to advance financial inclusion . The region can leapfrog the challenges of traditional financial services by borrowing the best components from financial systems around the world.
  • The approach of embedded finance widespread in China, together with ideas of public digital infrastructure, open finance and open data taken from India could be a powerful combination for Southeast Asia.  
  • As a society, we have to work together and find political consensus to deal with the issues that have emerged through increased usage of technology.  


Watch the full conversation below:

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Dr Ming Tan

Executive Director Designate

Dr Ming Tan is Executive Director Designate for the Tech for Good Institute, a non-profit founded by Grab, to encourage and enrich dialogue on social, economic, and policy trends accelerated by the digital economy.

 

Ming was previously Managing Director of IPOS International, part of the Intellectual Property Office of Singapore, which supports Singapore’s future growth as a global innovation hub for intellectual property (I.P.) creation, commercialization and management.

 

Prior to joining the public sector, she was Head of Stewardship of the COMO Group, a Singaporean portfolio of lifestyle companies operating in 14 countries worldwide. As a company director, she lends brand and strategic guidance to SuperNature Pte Ltd, COMO Hotels and Resorts (Asia) Pte Ltd, COMO Club Pte Ltd, and Mogems Pte Ltd.

 

In the not-for-profit space, Ming is an Advisor to Singapore Totalisator Board and serves on the boards of Esplanade–Theatres on the Bay, Singapore’s national performing arts centre, St. Joseph’s Institution International and COMO Foundation.

 

As part of her commitment to holistic education and the arts, she also sits on the Advisory Panel of the Centre for the Arts of the National University of Singapore. Ming was educated in Singapore, the United States, and England. She obtained her bachelor’s and master’s degrees from Stanford University and her doctorate from Oxford.