Allen & Overy
One Bishops Square
London, E1 6AD
Audrey Joubert, Advans International
Graham Wright, MSC
& Aurélie Wildt Dagneaux, PHB Development
Chaired by Sam Mendelson, e-MFP & Financial Inclusion Forum
Each year, the European Microfinance Platform (e-MFP) launches the European Microfinance Award, in conjunction with the Luxembourg Ministry of Foreign and European Affairs and the Inclusive Finance Network Luxembourg (InFiNe.lu). The Award invites applications from financial institutions that are innovating, exploring and testing new ideas that go beyond their core financial services and exemplify the evolution of the microfinance sector beyond boilerplate microenterprise credit.
In 2018 the 9th Award was on Financial Inclusion through Technology, highlighting the role of technology in advancing financial inclusion, showing how technology-enabled services and solutions can help financial services providers such as microfinance institutions increase outreach to low-income and vulnerable segments, offering products and services capable of responding to clients’ needs for trust, speed, low cost, security, usability, and transparency.
Financial technology can reduce the costs of expensive, human-intensive ‘traditional’ microfinance, facilitate communication and exchange of information, improve the speed and reliability of financial services in remote areas, leverage new software, hardware and data sources and bring into the financial ecosystem particular segments – especially women, rural communities and the very poor – that brick-and-mortar microfinance models struggle to sustainably reach.
The Award was won by Advans Côte d'Ivoire (Advans CI) a NBFI in the Ivory Coast which has responded to traceability and safety issues faced by cooperatives paying cocoa farmers by offering its digital savings and payment solution, with wallet-to-bank and bank-to-wallet transfer services, enabling producers’ cooperatives to make digital payments to farmers for their crop revenue.
This event, jointly held by the Financial Inclusion Forum and e-MFP, and once again generously supported by Allen & Overy, will present the background to the Award and the emerging best practice in this area including through profiles of the finalists and semi-finalists’ programs, and also present the European Dialogue – the recently-published e-MFP paper summarising the Award.
To this end, we’re delighted to welcome three speakers:
Graham A.N. Wright founded MicroSave and is its Group Managing Director. Graham served on the steering committee of M-PESA and oversaw work to support its initial pilot-test and customer education. He also led the MSC teams charged with facilitating the digital transformation of Equity Bank, which now serves nearly 15 million customers in six countries. MSC runs the Financial Inclusion Lab in India, and works on comprehensive digital transformation across Asia and Africa. Graham has worked on a wide variety of digital projects with banks and telcos in Bangladesh, Colombia, India, Indonesia, Kenya, Papua New Guinea, South Africa, Tanzania and Uganda.
The moderator of the discussion will be Sam Mendelson is Financial Inclusion Specialist at e-MFP, as well as a Board Director for the Financial Inclusion Forum UK – and the lead author of the annual European Dialogue series on the Award, as well as part of the pre-selection committee for the past three years. He is the author of e-MFP’s Financial Inclusion Compass, was previously Knowledge Specialist at Arc Finance, and was the co-author from 2009-2014 of Microfinance Banana Skins.
To register for this event, please go to Eventbrite.
We hope to see you on 23rd May for what will be a fascinating discussion.
Financial Inclusion Forum UK
European Microfinance Platform
|Event Date||23-05-2019 6:30 pm|
|Event End Date||23-05-2019 8:30 pm|