9.15 – 9.30
Every local community, region or country is increasingly linked to developments in the rest of the world. Globalisation of the economy and society is continuing at an amazing pace, accelerating even faster due to the use of innovative technologies, digitalisation and the increased mobility of citizens. The speed of change has become breath-taking.
There is a lot to gain: according to studies, globalisation has helped to increase average income per head of the world population significantly during the last decades. More people than ever before have been liberated from extreme poverty. There can be no doubt about the enormous boost human knowledge has thanks to the free exchange of knowledge, best practices, goods and services.
Yet, the IMF and other organisations are pointing at the fact that many people do not benefit from these developments, with all the negative consequences for welfare and social and political stability.
Fundamental challenges of humankind have become general in character; climate change and ecological challenges in general do not stop at the borders; poverty and social exclusion lead to wars and gigantic migration that in turn contribute to a rise of populism and threaten political stability.
Locally focussed retail and savings banks can contribute to a smoothening of economic and financial inequalities between regions, between social groups, between countries. For local communities and regions, locally focused banks can act as a window that opens up to global perspectives and growth opportunities. They can also make sure a maximum of people stay connected to the formal financial sector, a prerequisite for personal development.
9.30 – 9.45
11.00 – 11.30
In all countries of the world, we see a growing rift between cities and rural areas. Cities become bigger, smarter and richer, while rural areas feel increasingly neglected by technological, economic and social progress.SMEs and the locally focused banks that finance these SMEs can play a positive role in a wise local and rural development. This is important to bring the benefits of globalisation to farmers in Bangladesh as well as to the SME in the rural part of Germany. It can stop a flight to urban centres and guarantee a balanced development of countries as a whole.
11.45 – 13.00
Panel discussion 2
13.00 – 14.30
Panel discussion 3
Masterclass 1In local banks we trust : banks as fortresses against cybercrime, presented by Saqib Sheikh, Head of Customer Solutions and Presales, SWIFT Asia Pacific
Masterclass 2Responsible finance as a business opportunity, presented by Laura French, Program Manager on Financial Inclusion, MasterCard Foundation
Plenary session 4: Digitisation as a tool for financial inclusion and customer proximity
Financial technology is necessary if locally focused savings and retail banks want to deepen and to broaden their outreach. It is also necessary to increase the customer proximity that is the hallmark of locally focused savings and retail banks. Finally, financial technology is a way to maintain and strengthen the trust that our clients have in our institutions. What is the most efficient way to use it as a tool to reach our goals?
Panel discussion 4
Plenary session 5: Making globalisation inclusive for all: the role
of retail and savings banks
11.15 – 12.30