There are 1.7 billion people who are outside of the formal banking and financial system, more than half of which are in Asia and the Pacific. They struggle with high fees and risky systems to undertake even simple financial transactions. In order to improve the lives of the poorest and most vulnerable, it is crucial to connect marginalized populations with the broader economy. As we have entered the Fourth Industrial Revolution, the use of digital technology in financial services can offer new ways to bring them out of financial darkness.
The Third Finance Forum will envision the future of inclusive finance by discussing how new technologies like artificial intelligence, big data, and blockchain, the rapid expansion of mobile payments and digital banking, are helping to bring financial services to unbanked communities. Under its overarching theme, “The Future of Inclusive Finance”, the 2-day forum will have plenary sessions on:
(i) combining fintech innovation, public-private collaboration, and enabling regulation to reach the poorest;
(ii) driving actual usage as the next step to providing financial access;
(iii) the importance of cybersecurity in today’s digital world; and
(iv) the growth of new entrants: how are they disrupting traditional financial services.
The breakout sessions will focus on the significance of interoperable payment systems, how alternative credit scoring models and P2P platforms and microinsurance are evolving, the benefits of digital ID benefits for financial services, how SupTech and RegTech are empowering regulators in new financial technologies and lastly, how regulatory and industry sandboxes are enabling regulatory supervision and the development of regulation.
To supplement the discussion at the 3rd Asia Finance Forum, the following pre-forum activities are being organized on 4-5 November 2019:
(i) Women’s Financial Inclusion session on 4 November
(ii) ADB-OECD Disaster Risk Management Financing and Technology session on 5 November
(iii) Fintech boot camp on 4–5 November
During the event, participants will have the opportunity to gather insights from fintech experts, public and private stakeholders; network with peers in the finance sector and learn new approaches in bridging the gap to the underserved at the base of the pyramid.
Regulators, policymakers, Fintech companies, finance experts, academia and think tanks.
Registration is now closed
Please use hashtag #DigiFin19 and #asiafinanceforum in all your social media posts related to the forum
See presentation materials from this event on ADB Knowledge Events.