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There are 1.7 billion people who are outside of the formal banking and financial system, more than half of which are in Asia and the Pacific. They struggle with high fees and risky systems to undertake even simple financial transactions.
In order to improve the lives of the poorest and most vulnerable, it is crucial to connect marginalized populations with the broader economy. As we have entered the Fourth Industrial Revolution, the use of digital technology in financial services can offer new ways to bring them out of financial darkness.
The Third Finance Forum will envision the future of inclusive finance by discussing how new technologies like artificial intelligence, big data, and blockchain, the rapid expansion of mobile payments and digital banking, are helping to bring financial services to unbanked communities.
During the event, participants will have the opportunity to gather insights from fintech experts, public and private stakeholders; network with peers in the finance sector and learn new approaches in bridging the gap to the underserved at the base of the pyramid.
VENUE:
Manila, Philippines
4 – 7 November 2019
Original source: ADB
Published on 01 November 2019