Financial Inclusion and Education: Strategies and Policies
Financial Inclusion and Education Seminar
Financial Inclusion and Education: Strategies and Policies
Chair: Sachin Bansal, Independent Digital Financial Services and Financial Inclusion Consultant
Day 1: Tuesday 26 November
- Key global initiatives and guidelines: an overview
- Overview of the current initiatives helping to increase financial inclusion
- Assessment of key global targets, dynamics and factors effecting implementation of financial inclusion
- Examples of new strategies and policies reaching the unbanked
- Discussion: the interplay between financial inclusion and financial literacy in participants home jurisdictions
- FinTech as a driver of financial inclusion
- Impact of FinTech on the financial services industry
- Risks and opportunities for financial inclusion policies and strategies
- Role and regulation to facilitate the potential of FinTech for financial inclusion
- Discussion: to what extent should FinTech be incorporated into financial inclusion strategies?
- Measuring financial inclusion
- The development of a new conceptual framework for more accurate measurements of financial inclusion
- Examples of new accuracy and precision measures for data standardisation
- Data developments to measure access and usage of financial services for the unbanked
- The technologies and tools for advancing financial inclusion metrics
- Financial inclusion: the central bank as a catalyst
- Challenges of financial education and literacy to financial “capability”
- Case study of the central bank’s vision and the four cornerstones which support the strategy
- Discuss the rapid technological changes associated with financial services as well as an aging demographic
- Assess the national initiatives the central bank is implementing and the wider impact
Wednesday 27 November
- Inclusive innovation: key models, strategies and policies
- Overview of initiatives enabling the public to benefit from disruptive innovation
- Strategies making FinTech more accessible to the unbanked population
- Examples of projects helping innovation compliant with legal and regulatory requirements
- Discussion: inclusive innovation in the delegates home jurisdiction
- Promoting micro-finance: removing barriers to micro-credit
- Assessment of barriers to micro-credit and the impact on financial inclusion
- Strategies to build credit models for individuals and small credits
- Examples of creating a public digital registry
- Discussion: how can central banks change to promote micro-finance?
- Infrastructure building and stakeholder coordination for financial inclusion: a Tanzania case study
- Building blocks for effective infrastructure of financial inclusion
- Role of coordination and cooperation between central banks and the private sector
- Tips for effective communication with the public
- Discussion: which elements of the Tanzania approach are applicable in the delegates’ home jurisdictions?
- Mobile payments as a driver of financial inclusion: the evolution of M-pesa
- M-pesa as a tool for reaching the unbanked population
- Evolution of M-pesa across various jurisdictions
- Tips for making M-pesa more attractive for the unbanked population
- Discussion: what does it take to introduce a safe and sustainable mobile payment solution?
Thursday 28 November
- Promoting financial inclusion through financial education
- Role of financial education in financial inclusion strategy
- Key features of effective financial education policies
- Overview of success stories and lessons learnt
- Discussion: what does it take to financially educate the unbanked population?
- Aligning financial integrity and financial inclusion objectives: KYC in focus
- Overview of KYC innovations
- Building the infrastructure to allow for the promotion of KYC
- Practical approaches to build a successful KYC framework
- Discussion: what does it take to successful coordinate KYC regulation and financial inclusion
- Moving financial inclusion forward: the 2020 challenge
- Overview of emerging risks and challenges for financial inclusion policies and strategies
- Core components of a forward looking toolkit
- Key expectations in relation to national targets and global initiatives
- Discussion: how will central banks and regulators need to change to keep up with future challenges
- Delegate action points and course conclusion
- Summary of the course and main points
- Discussion of the observed trends and case studies
- Application of learning points in the delegates home organisations
- Preparation of action points