KEY COMPONENTS OF DIGITAL FINANCIAL INCLUSION
FINTECH HAS BECOME THE DARLING OF THE INVESTMENT COMMUNITY
In order to achieve the purpose of digital inclusion, all four key components need to move simultaneously.But another important element that may serve accelerate the very long process is donors. Donors have been committing billions of dollars each year to projects that promote financial inclusion and today they are expanding their priorities and seek opportunities to achieve inclusion by supporting economic development and poverty alleviation. Donors can continue to add value by using part of their resources in supporting overall development objectives and creating the favorable ecosystem. According to a recent study by Frost & Sullivan, “The emergence of services such as PayTech, RegTech, InsurTech, and digital banking highlight the ways in which digitalization has impacted the industry. Many innovative solutions can be expected, as different stakeholders in the industry collaborate to enhance industry performance.
FinTech & Innovation
As regulators took their time in developing the processes towards financial inclusion and their reluctance to seriously move towards digital inclusion, a rapture between them and the new world occurred; and only innovation can fix. PAFIX 2018 will not only present FinTechs the way other events do: they show them as a button in the elegant classical suit, while we show them as partners that will lead the future towards a faster, more efficient and to-the-point Digital Financial Inclusion. This track will offer insight into the FinTech movement, with an emphasis on technologies which help players better understand data and deal with it in an efficient and creative manner.
The Future and Implications of Blockchain Technology
Another important topic to be tackled from a financial perspective, noting that blockchain is not limited to it, is blockchain – its future and implications. Discussions at PAFIX 2018 include: