Page 6 - FIGI Symposium

23 January 2019
Emerging Insights from FIGI Working Groups
08:00 – 09:00 REGISTRATION
09:00 – 10:15 OPENING PLENARY: THE LATEST IN REGTECH AND SUPTECH
The session will feature live demos with a discussion of applied lessons, new ideas and tools
boosting regulatory capacity at the national level, implications for specific DFS/financial
inclusion policy barriers at the local, regional and global SSB level. How new tools to gather
data, monitor and supervise can be applied to accelerate some of the policy and implemen-
tation objectives in FIGI including build capacity of regulators, help us close the gender data
gap, help regulators make better policy across sectors.

Moderator: Mr Simone di Castri, Director, BFA: Regtech for Regulators Accelerator

Panelists:
• Ms Mehrechane Nayel, General Department Head, Central Bank of Egypt
• Ms Pia Roman, Managing Director, Bangko Sentral ng Pilipinas
• Mr Stefan Hohl, Bank for International Settlements

10:15 – 10:30 COFFEE BREAK
10:30 - 11:45 CONSIDERING DATA APPLICATIONS OF DIGITAL BECOMING CASHLESS:
PRIVACY IN AN AGE OF ID IN THE FINANCIAL WHAT INCENTIVES AND
INCREASINGLY DIGITAL SECTOR – KEY POLICY INNOVATIONS WILL BOOST
FINANCIAL SERVICES CONSIDERATIONS ELECTRONIC
PAYMENTS ACCEPTANCE?
Extensive innovation in dig- This session would discuss Wide acceptance of non-cash
ital financial services driven the key applications of digital payments is a pre-condition
by big data and machine ID in the financial sector; and to uptake and effective usage
learning are enabling new key policy considerations of transaction accounts to:
services and improving that public authorities and (i) perform most, if not all,
management of financial financial sector regulators payment needs; (ii) to safely
risk. This is extending access need to keep in mind to store some value; and (iii) to
to financial services to large harness their potential while serve as a gateway to other
numbers of people who pre- mitigating the risks. This financial services. Yet, accep-
viously lacked access, and would be based on the work tance of electronic payments
resulting in strong growth in of the Digital ID working remains limited among
services. At the same time, group under FIGI and will merchants. As a result, there
these technologies raise feature several country case is a significant opportunity to
new issues for consumer studies. accelerate the development
protection and data privacy of wide electronic payment
that are not easily resolved acceptance networks to
even under the latest wave underpin a large-scale shift to
of data protection legis- electronic payments especial-
lation in many countries. ly for merchant payments.
This session will discuss the
developing challenges, such The session will focus on
as potential bias in machine incentives to promote accep-
learning algorithm outputs, tance of electronic payments,
accountability and transpar- with a potential focus on bar-
ency in opaque automated riers for acceptance and how
decisions, and the notice and incentives may help remove
consent model for process- these barriers; and on innova-
ing personal data. tions on shifting P2B, B2B and
B2P payments to electronic
instruments. Different use
cases will be discussed.

FIGI Symposium 2019