Leading global experts prioritize key measures to optimise responsible digital finance for world´s poorest people

Thursday, September 10, 2015
ANTALYA, Turkey, September 9, 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.
The sixth annual Responsible Finance Forum (RFF), held on September 7-9, convened more than 130 senior financial services providers, policy-makers, researchers and practitioners to debate the most effective ways to deliver inclusive and responsible digital finance. The forum provided a unique evidence-based discussion on the products and services, financial capability programs and consumer protection measures that are required in today’s digital world to give full, secure access to the more than 2 billion adults still excluded from formal financial services.

Read the full press release here.

The Microinsurance Network believes that access to insurance is essential to sustainable development and that the world’s poor will not achieve lasting prosperity without it. Existing access is insufficient and approaches based on insurance principles are the best way to provide access to risk management tools. That said, “microinsurance is one important tool within the financial inclusion toolbox and it is important that responsible finance - digital or not - starts with giving customers the right financial product at the right time.” Says Véronique Faber, Executive Director at the Microinsurance Network, speaking at the RFF on responsible digital insurance.