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.

 

Hot this week

AIICO Wins 2026 Insurance Company of the Year at Nairametrics Capital Market Awards

Left - right: Akin Morakinyo (Registrar, Chartered Institute of...

CREDIBILITY MARKETING: THE MOST EXPENSIVE CURRENCY IN THE AI DIGITAL AGE

  By Solomon Sanusi Strategist Connecting Ideas, Travel, Technology, and Markets...

PUBLIC POSITIONING: WHY GREAT BRANDS MUST BE SEEN IN THE RIGHT PLACES

   By Solomon Sanusi Strategist Connecting Ideas, Travel, Technology, and Markets...

VISIBLE PROXIMITY: WHY THE FUTURE BELONGS TO BRANDS PEOPLE CAN CONSTANTLY SEE

  By Solomon Sanusi Strategist Connecting Ideas, Travel, Technology, and Markets...

Media, Public Trust Key to Security Success – Dr. Chike Duru

Associate Professor and Head of the Department of Mass...

Topics

Tinubu Signs Investments and Securities Bill 2025 into Law

In a major boost to capital market regulation in...

IWD 2026: Why Women’s Inclusion is Central to Nigeria’s Democratic Future

As the global community commemorates International Women’s Day 2026...

VBank Continues Dominance in Sports Development

The V Shitsuke Flag Football league championship (Season 5)...

FG – Nigeria Will Not Bow to Criminal Elements, Moves to Restore Peace in Plateau

The Federal Government has reiterated its resolve to protect...

Linkage Assurance Delegates at 2025 AIO Conference

From Left:  Executive Director – Technical; Mr. Okanlawon Adelagun; Managing...

Vice President, Kashim Shettima, Commissions National Assets Restoration Programme

L-R: The Executive Vice Chairman/CEO NASENI, Mr. Khalil Suleiman...

Interswitch Group Sponsors CeBIH 2024 Conference, Collaborates to Foster Payment System Vision 2030

Interswitch Group, a leading integrated payments and digital commerce...

Marriott Lands in West Africa with Accra Marriott Hotel

Accra Marriott Hotel Marriott Hotels, part of Marriott International, today...