Responsible Finance Forum

Digital Financial Inclusion: Implications for Customers, Regulators, Supervisors, and Standard-Setting Bodies

Kate Lauer and Timothy Lyman
03 April 2015
Source:  CGAP

“Digital financial inclusion can be a game changer for unserved and under-served low-income households as well as micro- and small enterprises. The regulatory, supervisory and standardsetting challenges—and likewise the solutions—include those we currently face, and others we can only imagine as billions of new digital finance users go online. We have the opportunity—and indeed the responsibility—to prepare for both the risks and the rewards of the digitisation of financial services.”—Jaime Caruana, General Manager, Bank for International Settlements, welcoming remarks to the 2nd Global Partnership for Financial Inclusion (GPFI) Conference on Standard-Setting Bodies and Financial Inclusion, 30–31 October 2014.