Responsible Financial Inclusion and Digital Innovation: Focus on Asia

Thursday, May 26, 2016

The Seventh Annual Responsible Finance Forum (RFFVII) will be held in Xi’an, China on May 26, 2016, following China’s G20 Global Partnership for Financial Inclusion (GPFI) Meetings on Consumer Protection & Financial Literacy on May 24-25th.

Responsible finance is a cornerstone of the World Bank Group’s Universal Financial Access Goals by 2020 and contributes to the United Nation’s Sustainable Development Goals by 2030. Given unprecedented shifts in the global financial sector landscape, the Forum will convene private and public sector leaders to address enduring risks and opportunities for consumers, providers, investors and innovators of digital financial services, as well as policy and regulatory implications towards reaching the last mile to achieve broader financial inclusion.

The Forum will take participants on a journey across Asia’s digital financial inclusion landscape, and features consumer protection risks and emerging solutions in the most relevant areas facing the region: alternative market-based finance, or peer-to-peer (P2P) lending and crowdfunding; responsible digital payments principles; managing risks for customers and institutions as an integrated solution; big data innovation, data ownership, privacy and security; as well as digital distribution of financial products and services, such as insurance.

The Forum is hosted by the People’s Bank of China as Presidency of the G20 Global Partnership for Financial Inclusion (GPFI), and co-sponsored by Germany’s Federal Ministry for Economic Cooperation and Development (BMZ) and the International Finance Corporation (IFC).  Jointly organized by IFC and GIZ on behalf of its partner community, RFFVII is delivered in collaboration with its global partners: Better Than Cash Alliance (BTCA), Consultative Group to Assist the Poor(CGAP), United Nations Capital Development Fund (UNCDF) and the World Bank Group. TheResponsible Finance Forum platform is managed by IFC