3rd Asia Finance Forum: The Future of Inclusive Finance
04 November 2019 to 07 November 2019
Manila
Philippines
The Third Finance Forum envisioned 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”, featured 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 focused 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 were also 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
Program and Learning Materials:
| Date | Session / Activity | Presentation Material | Speaker(s) |
|---|---|---|---|
| 04 Nov 2019 | Special Event | Innovations and Investments for Gender Equality —The Private Sector as Gamechangers for Women’s Economic Empowerment | |
| 04 Nov 2019 | ADB Fintech Boot Camp |
Digital Business Building: Using Innovation in Building a Bank for the Future What is a digital bank and how is this different from a traditional bank? What is the landscape of digital banking businesses today? What is the impact... |
Ervin Ng, Vikram Khanna |
| 04 Nov 2019 | ADB Fintech Boot Camp |
Accelerating Green Financing with Emerging Technology: A Practical Guide to Emerging Technology, Green Digital Bonds and Country Readiness Mapping Digitization of finance is a historic opportunity to align tomorrow’s fintech-powered financial system with the Paris agreement and the green SDGs.Download... |
Katherine Foster |
| 04 Nov 2019 | ADB Fintech Boot Camp | Blockchain 101 | |
| 04 Nov 2019 | ADB Fintech Boot Camp |
Retail Central Bank Digital Currencies Today, cryptos are, at best, a highly speculative asset or, at worst, a means of exchange for the criminal fraternity. This presentation looks into central... |
Philip Middleton |
| 04 Nov 2019 | ADB Fintech Boot Camp |
Alternative Credit Scoring Are lending institutions seeing the full picture of their consumer? Does traditional credit report data tell the full story? Most lenders today are ignoring... |
Mohan Jayaraman |
| 04 Nov 2019 | ADB Fintech Boot Camp | Blockchain Concepts and Applications | |
| 04 Nov 2019 | ADB Fintech Boot Camp |
Cyber Crime: The Known Unknown Emerging Exposure Cybercrime is the most underestimated economic risk. Without proper understanding and a managed-risk approach to handling it, countries are severely exposed... |
Peter Hacker |
| 04 Nov 2019 | ADB Fintech Boot Camp |
Responsible Digital Finance Services This presentation shares some strategies for embedding responsible finance in digital financial services at the country level. |
Hema Bansal |
| 04 Nov 2019 | ADB Fintech Boot Camp | Convergence of Blockchain Technology and Regulation |
| Date | Session / Activity | Presentation Material | Speaker(s) |
|---|---|---|---|
| 05 Nov 2019 | Special Event: Policy Dialogue on Leveraging Technology and Innovation for Disaster Risk Management and Financing |
Leveraging Technology and Innovation in Disaster Risk Management and Finance Learn how to use technology in disaster risk management. |
Oliver Walker |
| 05 Nov 2019 | Special Event: Policy Dialogue on Leveraging Technology and Innovation for Disaster Risk Management and Financing |
WRMS Crop Risk Management Solutions WRMS promotes smart and sustainable farming in India. Download this presentation to learn more about their work. |
Sonu Agrawal |
| 05 Nov 2019 | Special Event: Policy Dialogue on Leveraging Technology and Innovation for Disaster Risk Management and Financing |
Policy Dialogue on Leveraging Technology and Innovation for Disaster Risk Management and Financing Under the Philippine Development Plan 2017-2022, strategies to achieve sustainable development and environmental protection—including climate change adaptation... |
Paola Sherina Alvarez |
| 05 Nov 2019 | Special Event: Policy Dialogue on Leveraging Technology and Innovation for Disaster Risk Management and Financing |
The Private Sector in Disaster Risk Reduction Management Know more about the role of the private sector in disaster risk reduction and management. |
Guillermo Luz |
| 05 Nov 2019 | Special Event: Policy Dialogue on Leveraging Technology and Innovation for Disaster Risk Management and Financing |
Information-intelligence-based Disaster Risk Management This presentation tackles how to apply science,information, communications, scenario, big data and open data for actions in the context of disaster risk... |
Wei Sen Li |
| 05 Nov 2019 | ADB Fintech Boot Camp |
Regulatory Sandboxes: An Enabling Environment for Financial Services Innovation A regulatory sandbox is a formal regulatory initiative to live-test new products, services, or business models on a time- and scope-limited basis. This... |
Kieran Garvey |
| 05 Nov 2019 | ADB Fintech Boot Camp |
Digital Identity 101 Know more about the challenges related to digital identity in the finance sector, and how these could be addressed. |
David Shrier |
| 05 Nov 2019 | ADB Fintech Boot Camp |
AI for Financial Inclusion Digital payments are an “on-ramp” to financial inclusion and Visa has spent the last 60 years connecting hundreds of millions of people and organizations... |
Meri Rosich |
| 05 Nov 2019 | ADB Fintech Boot Camp |
Regtech and suptech: How digitizing reporting and regulatory processes boosts the efficiency and proactive monitoring of risk and compliance Regtechincludes any use of technology to automate regulatory compliance or oversight processes. The term was first used to describe compliance technology... |
Kieran Garvey |
| 05 Nov 2019 | ADB Fintech Boot Camp |
Remittances: Harnessing the $1 Trillion Remittance Market to Accelerate Access to Inclusive Finance It is estimated that the money international migrants send home annually exceeds US$1 trillion (including informal transfers) and is significantly higher... |
Leon Isaacs |
| 05 Nov 2019 | ADB Fintech Boot Camp |
Mobile Money Embracing Payments as a Platform in Asia After a decade of growth, mobile money continues to provide innovative services that are having a profound commercial and social impact in emerging markets... |
Ruan Swanepoel |
| 05 Nov 2019 | AgriFin Innovation Challenge | Asenso | Winston Damarillo |
| 05 Nov 2019 | AgriFin Innovation Challenge |
FarmTrek Blockchain Ecosystem FarmTrek is a solution of InfoCorp Technologies, an integrated FinTech and AgriTech company that aims to bring inclusive financial services to the livestock... |
Ling Soon Ng |
| 05 Nov 2019 | AgriFin Innovation Challenge |
Tanijoy Tanijoybuilds an agricultural ecosystem where farmers can be more independent, collaborative and interconnected through technology. The company is based... |
Muhamad Nanda Putra |
| Date | Session / Activity | Presentation Material | Speaker(s) |
|---|---|---|---|
| 06 Nov 2019 | Keynote Opening |
The Digital Revolution: Access to Finance for All The keynote explores: the role of the ICT sector, 6 building blocks to create a digital revolution, 3 populations to be targeted with their needs, and... |
Rama Sridhar |
| 06 Nov 2019 | Session 1: Inclusive Finance: Combining Fintech Innovation, Public-Private Collaboration, and Responsive Regulation to Reach the Poorest | Inclusive Finance: Combining Fintech Innovation, Public-Private Collaboration, and Responsive Regulation to Reach the Poorest | |
| 06 Nov 2019 | Session 2: Turning financial access into actual usage: The power of financial literacy | Turning Financial Access Into Actual Usage: The Power of Financial Literacy | |
| 06 Nov 2019 | Session 3: Breaking barriers to widen financial access through innovation: Stories from the field |
Philippines: Cloud Based Core Banking to Expand Reach of Banking Services In June 2017, ADB and Cantilan Bank Inc. (CBI) signed an agreement to conduct a pilot study on cloud-based core banking technology. The pilot was supported... |
Antonio Separovic |
| 06 Nov 2019 | Session 3: Breaking barriers to widen financial access through innovation: Stories from the field |
Georgia: Unlocking Innovations for Development through Digital Financial Services ADB is supporting a pilot project with Finca Bank Georgia to increase access to finance to rural SMEs and smallholder farmers through the digitization... |
Nino Bigvava |
| 06 Nov 2019 | Session 3: Breaking barriers to widen financial access through innovation: Stories from the field |
Papua New Guinea: A Digital Access Tool to Promote Financial Inclusion ADB is developing a digital access tool in Papua New Guinea. |
Trudi Egi |
| 06 Nov 2019 | Special Session |
Tech Policy Toolkits How do you create an enabling environment for technology-driven innovation? Download this presentation to know more. |
David Shrier |
| 06 Nov 2019 | Session 4A: Going cashless: The importance of interoperable payment systems | Going Cashless: The Importance of Interoperable Payment Systems | |
| 06 Nov 2019 | Session 4B: Brave new lending: The promise of alternative credit scoring models and P2P lending platforms | Brave new lending: The Promise of Alternative Credit Scoring Models and P2P Lending Platforms | |
| 06 Nov 2019 | Session 4C: Microinsurance: Expanding through education, technology, and stakeholder cooperation |
Empowering Women through Digital Finance Digital Sakhi has helped several underprivileged women rewrite their future. The aim of the program is to develop a team of 100 ‘Digital Sakhis’ who in... |
Richa Pant |
| 06 Nov 2019 | Digital Finance Marketplace | Showcasing Financial Services Solutions |
| Date | Session / Activity | Presentation Material | Speaker(s) |
|---|---|---|---|
| 07 Nov 2019 | Keynote Opening | Balancing Risk and Innovation [Slides] [Document] Digital finance will blur ‘real economy’ sector boundaries. Download this presentation to learn more. | Nick Hughes |
| 07 Nov 2019 | Session 5: Central bank digital currencies: The good, the bad, and the ugly | Central Bank Digital Currencies: The Good, the Bad, and the Ugly | |
| 07 Nov 2019 | Session 6: Cybersecurity: Managing risk across the fintech ecosystem | Cybersecurity: Managing Risk Across the Fintech Ecosystem | |
| 07 Nov 2019 | Session 7A: Digital ID: The answer to speeding up know-your-customer and transactions with digital ease? |
Digital ID: The Answer to Speeding up Know-Your-Customer and Transactions with Digital Ease? Who owns aperson’sidentity? How secure is biometric authentication?These questions are criticalbecause identity verification is crucial in complying with... |
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| 07 Nov 2019 | Session 7B: Suptech and regtech: Creating more transparent, tech, and data-driven approaches for supervisors and regulators |
SupTech and RegTech Learn more about SupTech and RegTech and how to create a more transparent technology and data-driven approaches for supervisors and regulators. |
Peter Rosenkranz |
| 07 Nov 2019 | Session 7B: Suptech and regtech: Creating more transparent, tech, and data-driven approaches for supervisors and regulators |
SupTech and RegTech (Vizor) In a digital age,canregulators move fast enough to avoidthecreation of technology-enabled monopolies by first movers? Technology may not only prove... |
Joanne Horgan |
| 07 Nov 2019 | Session 7B: Suptech and regtech: Creating more transparent, tech, and data-driven approaches for supervisors and regulators |
Suptech and Regtech: The Case of Korea In a digital age,canregulators move fast enough to avoidthecreation of technology-enabled monopolies by first movers? Technology may not only prove... |
Yong-tae Kim |
| 07 Nov 2019 | Session 7C: Fast-tracking fintech innovations: Regulatory and industry sandboxes |
API Exchange (APIX) API Exchange (APIX) is the world’s first cross-border, open-architecture API marketplace and sandbox platform for collaboration between FinTechs and financial... |
Pieter Franken |
| 07 Nov 2019 | Session 8: Growth of new entrants: How are they disrupting traditional financial services? | Growth of New Entrants: How are They Disrupting Traditional Financial Services? | |
| 07 Nov 2019 | Way Forward |
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| 07 Nov 2019 | Closing Remarks |
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