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PP-18 coneference

Programme Day 2

​​​First FIGI Symposium: Innovative Approaches to Digital Financial Inclusion Challenges   
29 November - 1 December 2017


Programme Day 1 I Day 3

Day 2, 30 November 2017

​08:00 - 09:00Registration

Lighting of lamp ceremony

Welcome Address
Special Address Keynote Address
India Showcase

The India Showcase session will focus on digital financial services implementation in India and the government policies and innovations which have resulted in an increase in transaction account ownership. Innovations such as the India stack, Aadhaar digital ID and unified payments interface and their impact on financial inclusion as well as the new policy framework for digital financial inclusion will be discussed.

Moderator: Pawan Bakhshi, India Country Lead, FSP, Bill & Melinda Gates Foundation

11:00- 11:20Coffee Break and Group Photo
11:20- 13:15


This session will present the work which is ongoing in the Security, Infrastructure and Trust working group of FIGI and provide an overview of the work that will be undertaken over the next three years. Moreover three sessions are planned on Securing the Infrastructure for DFS, Distributed Ledger Technologies and Unlicensed Digital Investment Schemes to share some preliminary findings at this Symposium.

Introduction to the SIT Working Group: Vijay Mauree, ITU and Security, Infrastructure and Trust Working Group Lead
[ Biography I Presentation ]

Session 1:
Securing the Infrastructure for DFS

The objective of this session is to provide an insight into the vulnerabilities in the DFS ecosystem which can impact trust in using Digital Financial Services. The session will include a demo of the SS7 vulnerabilities and how information sent over communications channel can be intercepted and an overview of the work which is ongoing in the working group to address these issues.

Moderator: Leon Perlman, Columbia Business School and Security Workstream Co-Leader


Session 2: Distributed ledger technologies: Implications for digital financial services and financial inclusion

Today, technology is revolutionizing every aspect of finance, including access, affordability and flexibility. Among all the emerging technologies, arguably the most profoundly transformational is the advent of distributed ledger technology (“DLT”) which has the potential to make it cost-effective to deliver financial services to nearly everyone, regardless of location or socio-economic status.
DLT shows promise for financial inclusion benefits across a wide range of functions. This session will examine emerging regulatory issues and strategies and explore evolving best practices that can leveraged to promote financial inclusion goals.

Moderator: Matthew Van Buskirk, Founder, Hummingbird Tech
Draft Discussion Paper on DLT and Financial Inclusion

​13:15 - 14:15Lunch

Session: Technology and business model innovation to promote EPA

Giving individuals access to transaction accounts is not sufficient. Beyond achieving universal access – whereby all adults worldwide will be able to have access to a transaction account or an electronic instrument to store money, send and receive payments – there is also the key issue of whether a transaction account actually provides benefits to its users, which is very often reflected in how frequently that account is used, including to access other financial services. Wide acceptance of non-cash payments is a pre-condition to uptake and effective usage of transaction accounts. In developing economies, there still is a large opportunity to accelerate the development of wide electronic payment acceptance networks to underpin a large-scale shift to electronic payments. Technological and process innovation allows seizing this opportunity by expanding the range of instruments and enhancing efficiency, while new intermediaries tackle hard-to-reach markets and pain points across the payment value chain. This panel session will present experiences from across the globe in applying technology and business model innovations to promote electronic payment acceptance.

Session chair: Ganesh Kumar, Executive Director, Reserve Bank of India [ Biography ]                

​15:45 - 16:00 ​Coffee Break
16:00 - 17:30TRACK 3: DIGITAL IDENTITY ​​

Session: Digital ID for Financial Inclusion: a path paved with promise

Today's identity infrastructure limits the potential of financial services and fintech innovations to realize the vision of financial inclusion. Digital identification could improve core processes and bring greater efficiencies to financial sector delivery, expand the greater usage of accounts and other digital financial services, and improve regulatory monitoring and compliance in areas such as AML/CFT. While promising, the road to digital ID is not without significant challenges, whether in areas of security or verification, isolated service or transaction models, ineffective technology, stakeholder rejection, or policy changes. This panel session will present experiences from across the globe in how these challenges are being tackled and digital identification is being utilized in the financial sector. It will also explore the regulatory developments in this sphere, and how FinTech actors and banks would like to see digital ID evolve.

Moderator: Gopalaraman Padmanabhan, Non-executive Chairman, Bank of India [ Biography ]

​17:30 - 17:50 ​Closing of Plenary
​19:00 Welcome Dinner - sponsored by the Government of India

 *To be confirmed