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ADA et la recherche

Objective

Bringing together people from universities with those from the field to discuss a current issue of inclusive finance sector.

Area of intervention
Luxembourg

Partners

  • Faculty of Law, Economics and Finance - University of Luxembourg
  • European Investment Bank Institute (associated partner) 

Some key figures 

  • 2 symposia organized since 2014
  •  Symposium 2015:  100 participants in 4 sessions held with 15 speakers

 

"

ADA et la recherche

Objective

Bringing together people from universities with those from the field to discuss a current issue of inclusive finance sector.

Area of intervention
Luxembourg

Partners

  • Faculty of Law, Economics and Finance - University of Luxembourg
  • European Investment Bank Institute (associated partner) 

Some key figures 

  • 2 symposia organized since 2014
  •  Symposium 2015:  100 participants in 4 sessions held with 15 speakers

 

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ADA Academic Symposium

Financial inclusion in the digital age

19 October 2016, 8h30 - 17h15

EIB, Luxembourg-Kirchberg 

 


Context

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.

Topics

The symposium will be composed of 4 consecutive sessions on the following topics:

  1. Although presenting many advantages for advancing financial inclusion, digital financial services are not without risks. Might they be financial – for example related to the long-term profitability of investing in this type of product – operational – network outages, transaction security and agent networks management – or linked to the clients – with the transition from a face to face relationship to a remote interaction, the first session will outline the risks and challenges raised by digital finance.
  2. The second session will focus on the development of new tools and technologies to foster capacity building in the sector – from mobile devices such as tablets or smartphones to enable more efficiency at the level of loan officers, to an e-learning platform designed for degree courses in microfinance and a simulation tool to teach good practices for MFI management.
  3. The third session will examine the role of regulation for the establishment of an enabling ecosystem for the development of digital finance. How to foster the emergence of an environment while putting the necessary limits? How to promote competitiveness while protecting customers? Panellists in this session will discuss the difficult balance of a good regulation, and present regulatory examples already in place in some countries.
  4. The fourth session will finally explore the relationship between the different actors, traditional and emerging, which form the digital finance landscape. Fintech, mobile operators and MFIs: between competition and partnership, how can these different stakeholders work together for more effectiveness?

 


 

"

Third edition of ADA academic Symposium

ADA Academic Symposium

Financial inclusion in the digital age

19 October 2016, 8h30 - 17h15

EIB, Luxembourg-Kirchberg 

 


Context

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.

Topics

The symposium will be composed of 4 consecutive sessions on the following topics:

  1. Although presenting many advantages for advancing financial inclusion, digital financial services are not without risks. Might they be financial – for example related to the long-term profitability of investing in this type of product – operational – network outages, transaction security and agent networks management – or linked to the clients – with the transition from a face to face relationship to a remote interaction, the first session will outline the risks and challenges raised by digital finance.
  2. The second session will focus on the development of new tools and technologies to foster capacity building in the sector – from mobile devices such as tablets or smartphones to enable more efficiency at the level of loan officers, to an e-learning platform designed for degree courses in microfinance and a simulation tool to teach good practices for MFI management.
  3. The third session will examine the role of regulation for the establishment of an enabling ecosystem for the development of digital finance. How to foster the emergence of an environment while putting the necessary limits? How to promote competitiveness while protecting customers? Panellists in this session will discuss the difficult balance of a good regulation, and present regulatory examples already in place in some countries.
  4. The fourth session will finally explore the relationship between the different actors, traditional and emerging, which form the digital finance landscape. Fintech, mobile operators and MFIs: between competition and partnership, how can these different stakeholders work together for more effectiveness?

 


 

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The programme of 2016 ADA’s Academic Symposium 

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

Stephan Braum, Dean of the Faculty of Law, Economics and Finance, University of Luxembourg, Luxembourg (TBC)

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 : (TBC)

Ronald Everts, Associate and Consultant, Operations & distribution channels, PHB Development

James Onyutto, CEO, Musoni Kenya

Beth Porter, Financial Inclusion Policy Advisor for UNCDF and the Better Than Cash Alliance (TBC)

-

10.45 - 11.15: Coffee break 

-
11.15 - 12.30 : 2nd session: Technology for capacity building in inclusive finance

Moderation: Juana Ramirez, Senior Project Officer, ADA

Mohamed Attanda, Executive Director, Microfinance African institutions Network (MAIN)

Paul Surreaux, ADA

Angela Wambugu, Helix Institute (TBC)

Vu Tien Khang, Independent consultant 

-

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), Uni.lu (TBC)

Dr. Shariq Nisar, Former Sr. Visiting Fellow, Harvard Law School, Professor Rizvi Institute of Management Studies and Research

Jean-Marc Goy, CSSF Luxembourg (TBC)

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?

Devyani Parameshwar, Lead Product Development Manager for M-Pesa at the Vodafone Group

Athu Karume, Director of Business Development, Africa, First Access

Thierry Artaud, M-BIRR

-

17.00 - 17.15 : Closure
17.15 : Closing drink

The drinks and the lunch will be offered by the EIB.


 

"

 

The programme of 2016 ADA’s Academic Symposium 

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

Stephan Braum, Dean of the Faculty of Law, Economics and Finance, University of Luxembourg, Luxembourg (TBC)

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 : (TBC)

Ronald Everts, Associate and Consultant, Operations & distribution channels, PHB Development

James Onyutto, CEO, Musoni Kenya

Beth Porter, Financial Inclusion Policy Advisor for UNCDF and the Better Than Cash Alliance (TBC)

-

10.45 - 11.15: Coffee break 

-
11.15 - 12.30 : 2nd session: Technology for capacity building in inclusive finance

Moderation: Juana Ramirez, Senior Project Officer, ADA

Mohamed Attanda, Executive Director, Microfinance African institutions Network (MAIN)

Paul Surreaux, ADA

Angela Wambugu, Helix Institute (TBC)

Vu Tien Khang, Independent consultant 

-

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), Uni.lu (TBC)

Dr. Shariq Nisar, Former Sr. Visiting Fellow, Harvard Law School, Professor Rizvi Institute of Management Studies and Research

Jean-Marc Goy, CSSF Luxembourg (TBC)

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?

Devyani Parameshwar, Lead Product Development Manager for M-Pesa at the Vodafone Group

Athu Karume, Director of Business Development, Africa, First Access

Thierry Artaud, M-BIRR

-

17.00 - 17.15 : Closure
17.15 : Closing drink

The drinks and the lunch will be offered by the EIB.


 

string(88) "

The symposium will be held in French and English with simultaneous translation.

"

The symposium will be held in French and English with simultaneous translation.

Register to the Symposium!



 
 
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Sign up also for the Midi de la microfinance 

This second edition of the symposium was organized as part of the Financial Inclusion Week 2016, entitled "Keeping clients first in a digital world".

The theme of the 36th Midi de la microfinance will also be devoted to the subject of mobile banking: "Mobile banking and microfinance: what about the clients?" ADA also invites you to this free event which will take place October 18, 2016, from 12.00 to 14.00.

 

Register for the 36th Midi

"

Sign up also for the Midi de la microfinance 

This second edition of the symposium was organized as part of the Financial Inclusion Week 2016, entitled "Keeping clients first in a digital world".

The theme of the 36th Midi de la microfinance will also be devoted to the subject of mobile banking: "Mobile banking and microfinance: what about the clients?" ADA also invites you to this free event which will take place October 18, 2016, from 12.00 to 14.00.

 

Register for the 36th Midi

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