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