Monday, November 10, 2025
29 C
Lagos

Regulators Focus on Digital Banking in Developing Countries

 

Godwin Emefiele

Governor

Central Bank of Nigeria

​​Around the world, some 1.7 billion adults have never had a bank account. But 1.1 billion of them have a mobile phone.

Innovation to expand digital financial inclusion in developing countries will be in focus at the 2021 symposium of the Financial Inclusion Global Initiative (FIGI), taking place online from 18 May to 24 June.

The Financial Inclusion Global Ini​tiative (FIGI) supports national policy reforms to stimulate financial inclusion and leads research to build trust in digital financial services.

Symposium topics include financial technology (fintech) for inclusion, gender equity, consumer protection, cybersecurity and trust, digital identity, payment acceptance, and experiences reaching underserved and vulnerable populations during the COVID-19 pandemic.

Participants will also share insights on the achievements and ambitions of the FIGI community, and the symposium would welcome your views on financial inclusion priorities beyond 2021.

The conference is a meeting of the information and communication technology (ICT) and financial services sectors to identify and review the latest innovations in digital financial services and related policy and regulatory reform, sharing knowledge and expertise to expand financial inclusion.

Policymakers, ICT regulators, central banks, mobile network operators, digital financial service providers, payment system organizations, standards bodies, international organizations, and the fintech community are the focus of the event.

The opening ceremony will feature a pre-recorded keynote address from H.M. Queen Máxima of the Netherlands, United Nations Secretary-General’s Special Advocate for Inclusive Finance for Development (UNSGSA).

Confirmed speakers include:

Mahesh Uttamchandani, Global Manager Financial Inclusion & Infrastructure, Finance, Competitiveness, and Innovation Global Practice, World Bank Group

Magda Bianco, Managing Director, Bank of Italy

Gregory Chen, Policy Lead, Consultative Group to Assist the Poor

Emran Islam, Senior Financial Sector Expert, Monetary and Capital Markets, International Monetary Fund

Tan Yeow Seng, Executive Director, Monetary Authority of Singapore

May Abulnaga, First Sub-Governor, Technical Office of the Governor, Central Bank of Egypt

Kendrick Lee, Director, National Digital Identity, Government Technology Agency of Singapore

Jonathan Hakim, CEO, Cignifi

Kevin Butler, Associate Professor, University of Florida

Hisham El-Bihbety, Chief Information Security Officer, Bank of Canada

Abbie Barbir, Senior Security Advisor, CVS Health

Rory Macmillan, Partner, Macmillan Keck Attorneys & Solicitors

Alexandra Rizzi, Senior Research Director, Accion

Debora Comparin, Chair, Open Standards Identity APIs Initiative

Simeon Coney, Chief Strategy Officer, Adaptive Mobile Security

Eve Araduha, Senior Manager IT Client Relations & Delivery, MTN

Jami Solli, Commercial Litigation Lawyer, Global Alliance for Legal Aid

FIGI is an open framework for collaboration led by the International Telecommunication Union (ITU), the World Bank Group, and the Committee on Payments and Market Infrastructures (CPMI), with support from the Bill & Melinda Gates Foundation.

An operational work stream supports policy innovation in China, Egypt and Mexico, providing valuable case studies for other countries around the world.

knowledge work stream, enacted by three working groups, advances research in key areas of digital finance:

The relationship between digital identity and financial inclusion;

Electronic payment acceptance by merchants and their customers;

Security and trust in digital financial services.

 

spot_img
spot_img
spot_img

Hot this week

Nigerian Stocks Present Buying Opportunities as Market Sheds N2.8trn

Nigeria's equities market closed last week ending November 7...

ICPC Chair, Musa Aliyu, to Deliver Realnews 13th Anniversary Lecture 2025

Dr. Musa Adamu Aliyu (SAN) Chairman ICPC THE Management of Realnews Magazine...

Our Laws Now Stronger, More Effective to Prosecute Parties at Fault in Bank Failure – NDIC Boss

COURTESY VISIT: Managing Director/CE, Nigeria Deposit Insurance Corporation (NDIC),...

Fidelity Bank Champions Support for the Elderly

L-R: Igwe Quincy Chibuike, Team Member, Prolific Inductees Class...

Fidelity Bank Partners NCF, Lagos State to Promote Responsible Waste Management

L-R: Area Manager, Policy, Government and Public Affairs (PGPA),...

Topics

FG: Economic Reforms Driving Growth, Investor Confidence

The Minister of Budget and Economic Planning, Senator Abubakar...

Universal Insurance Targets N20bn Premium Income in 2024

L-R: Managing Director/CEO, Universal Insurance Plc, Dr. Ben Ujoatuonu;...

Ecobank Nigeria Gets IFC/NGX Award for Promoting Gender Balance

  L-R: Lagos State Governor, Babajide Sanwo-Olu presenting Gender Diversity...

Stanbic IBTC Excites Shareholders with Dividend, Bonus Shares

Stanbic IBTC Holdings Plc has declared a dividend of...

Magical Kenya: The Gateway to East Africa

Less than a year after opening terminal 1D, Jomo Kenyatta International Airport (JKIA) unveiled its gleaming new International terminal 1A in February of this year. It marked the completion of a significant project which has increased the capacity of the airport by around 2.5 million passengers annually. The recent investments are expected to boost the airport to handle seven million passengers this year compared to 6.5 million last year, making one of Africa’s ten largest airports.

NAICOM Unveils New Capital Base for Insurers From Jan 1, 2019

The National Insurance Commission (NAICOM) yesterday unveiled a new...

Anchor Insurance MD, Austin Ebose, Bags Insurance CEO of the Year Award

Augustine Ebose Managing Director/CEO Anchor Insurance Company Limited The Managing Director, Anchor...

Auditing Brand Media Performance PR Agency or Media Intelligence Specialist?

The repetition of the same act and expecting different...
spot_img

Related Articles

Popular Categories

spot_imgspot_img