|Event Date||Thu Oct 7 EDT (9 days ago)|
Governments in the developing world are increasingly turning to fintech solutions to help improve levels of financial inclusion. Goals range from reaching the ‘unbanked’ to achieving gender equality in financial services. Fintech solutions include encouraging the use of smart-phones for mobile payments, including the distribution of government payments, and digitising transactions more broadly. But there are many challenges, ranging from ensuring sufficient scale and reach; infrastructure challenges with mobile reception in rural areas; cultural challenges relating to lack of trust in certain institutions; through to technical or regulatory questions relating to areas such as interoperability and data privacy. How effective are fintech solutions at helping with financial inclusion? What obstacles and challenges do they face? And what can governments do to help to ensure that innovations meet the needs and expectations of citizens – and are simple, secure and affordable?
Former UK senior civil servant
Ana Maria Prieto
Deputy Director, Ministry of Finance, Unit of Financial Regulations, Colombia
Managing Director & CEO, India Post Payment Bank
Director General of the Central Bank of Azerbaijan
Vice President, Government Engagement, Latin America and Caribbean, Mastercard