Evidence and Innovation for Scaling Inclusive Digital Finance

Responsible Finance Forum VI

September 7-9, 2015

Antalya, Turkey

The advent of digital finance has brought with it the opportunity to include those without full access to formal financial services. However, increased access to and use of digital financial services, for all its benefits, does not come without risks, which are crucial to address if financial services are to enhance consumer well-being.

Responsible finance is core to the goals of Universal Financial Access by 2020 and contributes to the United Nations’ Sustainable Development Goals. Collaboration between the private sector and government to promote digital innovation can help foster inclusive financial systems that protect consumers and equip them with the tools necessary to meet their financial needs.

This Sixth Annual Responsible Finance Forum (RFFVI) brought together policymakers, financial service providers, and researchers for an evidence-based, interactive discussion on advancing inclusive and responsible financial services, financial capability programs, private sector initiatives, and proportionate consumer protection measures in a digital world.


Takeaways

The Forum:


>>> Drew from the latest data and impact evidence
on financial services for low-income consumers in order to inform responsible digital finance policy and practice;

>>> Examined industry standards to minimize consumer risks in digital finance, and to share challenges and emerging solutions from the private sector, development partners, and government leaders;

>>> Defined the roles and actionable next steps for stakeholders across the pillars of responsible finance (industry, regulation, and consumer) with the support of development organizations; and

>>> Identified knowledge gaps, areas for future research, private sector innovations, and areas for collaboration with governments for responsible financial inclusion.

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Presentations

Summary:  RFFVI Evidence and Innovation for Scaling Innovative Digital Finance

Selected Presentations:

Additional Presentations:  RFF VI Background Presentations


Background Materials


Press Release

Leading Global Experts Prioritize Key Measures to Optimize Digital Finance for World's Poorest People

Antalya, Turkey, 10 September 2015 – How are phones and cards changing the ways the global poor access and manage their money, and what should governments and financial institutions do to ensure innovative products and services meet the need of low-income customers? These and related topics were the subject of intense discussion and debate by leading global experts at a G20-backed event this week in Antalya, Turkey, one of the countries being transformed by digital innovation.  

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