Finance for All
To be held on Thursday, October 4, 2018
Keyur Patel (CSFI)
Deborah Drake (Center for Financial Inclusion at Accion)
Philip Brown (Citi)
Simon Long (The Economist)
Financial inclusion has become a big cause across the globe, and is increasingly becoming big business.
It is also a risky business. Many of the markets where financial exclusion reigns are untested, the consumers lack financial sophistication, regulation may be unfriendly, and the technology may not always deliver what it says on the tin.
The CSFI has just conducted - with the support of the Citi Foundation and the Center for Financial Inclusion at Accion - a survey of these risks using its tried and tested Banana Skins methodology. The result is Finance for All, which identified 18 areas of risk for service providers and ranked them by the scores given by respondents. Technology risk was the clear leader, with “FinTech” firms opening new opportunities and new risks across all the markets surveyed.
Leading the discussion will be:
Keyur Patel, lead author of the report, and co-author of previous CSFI Banana Skins surveys on financial inclusion, banking and insurance;
Deborah Drake, Vice President, Investing in inclusive finance, at the Center for Financial Inclusion at Accion; and
Philip Brown, Managing Director, Risk, at Citi Inclusive Finance.
There will also be a discussion panel including Simon Long, International Editor of The Economist, who published his own special report on technology in financial inclusion earlier this year.
This will be an excellent opportunity to hear a hard-nosed discussion about the prospects for financial inclusion which takes account of the business case as well as the philanthropic.