Bringing together people from universities with those from the field to discuss a current issue of inclusive finance sector.
Area of intervention
Some key figures
19 October 2016, 8h30 - 17h15
WEST building (100, boulevard Konrad Adenauer)
One of ADA's objectives is to facilitate exchange between researchers and practitioners and to create links between academic analysis and field practice, through initiatives such as the academic symposium.
In 2016, the third edition of the Symposium will cover the topic of innovation and technology for financial inclusion, and is organised with the support of the European Investment Bank Institute and the Faculty of Law, Economics and Finance at the University of Luxembourg.
Historically, the high cost of construction and operation related to traditional bank branches was a major obstacle to reaching the poorest clients. Install and maintain these branches is very costly for banks, especially in remote areas, while many customers living in rural areas cannot bear the costs of travelling to urban areas.
The unbanked population has therefore more and more access to financial services through digital channels. Banks, microfinance institutions (MFIs), mobile operators and other providers use mobile phones and POS terminals, as well as agent networks, to provide basic financial services more conveniently and at a lower cost than what traditional bank services allow. Also referred to as “branchless banking”, these digital services offer great promise to better serve poor clients.
The symposium will attempt to answer some of the questions that these new technologies raise, such as the potential financial, operational and customer risks involved, the role of regulation to promote an enabling ecosystem, the emergence of new tools for the professionalization of the sector, and the different collaboration models that can be set up between the new and existing market players.
The symposium will be composed of 4 consecutive sessions on the following topics:
8.30 - 9.00 : Registration
9.00 - 9.30 : Welcoming words
Representative of the Ministry of Foreign Affairs, Luxembourg (TBC)
Francisco de Paula Coelho, Dean of the European Investment Bank Institute, Luxembourg
Dirk Zetzsche, Holder of the ADA Chair in Financial Law (Inclusive Finance), Université de Luxembourg, Luxembourg
Laura Foschi, Deputy Director, Appui au Développement Autonome (ADA), Luxembourg
09.30 - 10.45: 1st session: Transition to digital financial inclusion: what are the risks?
Moderation: Sarah Canetti, Head of Investment, Appui au Développement Autonome, Luxembourg
Ronald Everts, Associate and Consultant, Operations & distribution channels, PHB Development, Netherlands
James Onyutta, CEO, Musoni Kenya
Beth Porter, Financial Inclusion Policy Advisor for UNCDF and the Better Than Cash Alliance, USA (TBC)
10.45 - 11.15: Coffee break
11.15 - 12.30 : 2nd session: Technology for capacity building in inclusive finance
Moderation: Juana Ramirez, Research & Development Senior Project Officer, Appui au Développement Autonome, Luxembourg
Mohamed Attanda, Executive Director, Microfinance African institutions Network (MAIN), Togo
Paul Surreaux, Technical Support Project officer, Appui au Développement Autonome, Luxembourg
Khang Vu Tien, Blockchain practitioner and CTO of Bitbank, Luxembourg
Joyce C. Murithi, Manager, Inclusive Finance and Banking, MicroSave, Kenya
12.30 - 14.00: Lunch
14.00 - 15.15: 3rd session: How to regulate inclusive digital financial services?
Moderation: Dirk Zetzsche, Holder of the ADA Chair in Financial Law (Inclusive Finance), University of Luxembourg, Luxembourg
Dr. Shariq Nisar, Former Sr. Visiting Fellow, Harvard Law School and Professor, Rizvi Institute of Management Studies and Research, India
Jean-Marc Goy, Counsel for International Affairs, Commission de Surveillance du Secteur Financier (CSSF), Luxembourg
Ross Buckley, University of New South Wales (TBC)
15.15 - 15.45 : Coffee break
15.45 - 17.00 : 4th session: MFIs, mobile operators and fintechs: collaboration or competition?
Moderation: Alexandra Sanchez, Training & Research Expert on Branchless Banking and Remittances, PHB Development, Spain
Devyani Parameshwar, Lead Product Development Manager for M-Pesa at the Vodafone Group, UK
Athu Karume, Director of Business Development Africa, First Access, Tanzania
Helen Lin, Manager, Digital Financial Services Strategy, FINCA, Tanzania
Thierry Artaud, Managing Director, M-BIRR ICT Services PLC, Ethiopia
17.00 - 17.15 : Closure
17.15 : Closing drink
The drinks and the lunch will be offered by the EIB.
The symposium will be held in French and English with simultaneous translation.