WSBI Encuentro Internacional de Líderes de Banca Retail

ESPANOL | ENGLISH

EVENTO: Tendencias globales en educación financiera, ciberseguridad y finanzas sostenibles

WSBI Encuentro Internacional de Líderes de Banca Retail

17 MARZO 2023

Regístrese para el evento

Event logo, Global trends on financial education, cybersecurity and sustainable finance

Este encuentro reunirá a líderes del sector de la banca retail, así como reguladores y organismos técnicos de avanzada, para un enriquecedor intercambio sobre los temas más apremiantes a nivel mundial y regional.

Encabezado por el presidente del WSBI, Sr. Isidro Fainé (presidente de la Fundación ‘”la Caixa”); y el presidente regional de WSBI para América y el Caribe, el Sr. Diego Prieto Rivera (Presidente del Banco Caja Social, Colombia), esta será una ocasión única para el intercambiar conocimientos, y crear vínculos con los miembros de la directiva del Instituto, representantes de nuestra prestigiosa organización provenientes de todo el mundo, así como con actuales y potenciales miembros de la región Latinoamericana.


Agenda

8.00 – 8.30 AM
Registro
8.30 – 9.00 AM
Mensajes de bienvenida

Peter Simon
Director general del WSBI

Diego Prieto Rivera

Presidente regional del WSBI para América y el Caribe y presidente del Banco Caja Social


09.00 – 10.30 AM

Panel 1: Historias de éxito en digitalización, big data y ciberseguridad

Moderador: Carlos Morales Roviralta, CaixaBank Colombia

Panelistas:

    • Alok Kumar Choudhary, Banco estatal de India (en línea)
    • Al-Amine Nejjar, presidente de Al Barid Bank
    • Indra Colombia
    • Teléfonica Colombia

10.30 – 11.00 PM

Pausa  ☕


11.00 – 12.30 PM

Panel 2 : Finanzas sostenibles

Moderador: Jose María Méndez, CEO de Cecabank.

Panelist:

  • Helmut Schleweis, presidente de la Asociación Alemana de Cajas de Ahorros (DSVG)

Helmut Schleweis
Presidente de la Asociación Alemana de Cajas de Ahorros (DSVG)


  • Marcela Ponce Pérez, líder del Programa de Finanzas Climáticas para el International Finance Corporation (IFC) en Latinoamérica y el Caribe

12.30 – 02.00 PM LUNCH

02.00 – 03.30 PM

Panel 3: La educación financiera como una palanca para la inclusión

Moderador: Faustino Laínez Mejía, presidente de Banco Atlántida.

  • Dominique Goursoulle- Nouhaud, presidente de ESBG y presidente de la Fédération nationale des Caisses d’Epargne (FNCE).

Dominique Goursoulle- Nouhaud
Presidente de ESBG y presidente de la Fédération nationale des Caisses d’Epargne (FNCE).


  • Jorge Castaño Gutiérrez, Superintendente Financiero de Colombia
  • Jorge Solís Espinoza, Presidente de la Federación Peruana de Cajas Municipales de Ahorro y Crédito (FEPCMAC)

03.30 – 04.05 PM

Discurso de clausura

  • Isidro Fainé, Presidente del WSBI y presidente de la Fundación “la Caixa”

Isidro Fainé
Presidente del WSBI y presidente de la Fundación La Caixa


4.40 PM
Transportation to the Santa Clara hotel

6.00 PM
Transporte de los Hoteles Santa Clara y Radisson a La Bodeguita

6.30 PM
Embarque en un catamarán para un recorrido por la bahía.

7.45 PM
Llegada al Restaurante Club de Pesca

8.00 PM
Cena


Sobre Cartagena de Indias

Pretty street in Cartegna

Una de las joyas del Caribe, Cartagena de Indias combina el sabor colonial de su ciudad amurallada protegida por la UNESCO con la modernidad de un destino de primera para convenciones y reuniones de negocios. Todo esto realzado por la hospitalidad y alegría de su gente.

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Clima y código de vestimenta

En marzo, típicamente Cartagena de Indias tiene 25°C como temperatura mínima y 32°C como temperatura máxima. En esta ciudad tropical costera, la humedad en el ambiente se mantiene constante a un nivel del 100%.

Se recomienda vestir casual, en telas frescas como el lino y el algodón, incluso para ocasiones de negocios.


WSBI International Retail Banking Leaders Conference

ESPAÑOL | ENGLISH

EVENT: Global trends on financial education, cybersecurity and sustainable finance

WSBI International Retail Banking Leaders Conference

17 MARCH 2023

Register for the event

Event logo, Global trends on financial education, cybersecurity and sustainable finance

This Conference will bring together leaders and decision makers from the retail banking sector for an enriching exchange on the most pressing topics at the global and regional levels.

Hosted by the WSBI President, Mr Isidro Fainé (President at ‘La Caixa’ Foundation); and the WSBI Regional President for The America and Caribbean, Mr Diego Prieto (President at Banco Caja Social, Colombia), this will be a unique knowledge exchange and networking occasion. The conference will count with the participation of members of the WSBI Board representing the sector at the global level, and of current and potential members from Latin America.


About Cartagena de Indias

Pretty street in Cartegna

One of the jewels of the Caribbean, Cartagena de Indias combines the colonial flavour of its UNESCO protected walled city with the modernity of a top destination for conventions and business gatherings. All of this enhanced by the effortless hospitality of its lively people.

Discover more

Weather and dress code

In March, typically Cartagena de Indias has 25°C as the lowest and 32°C as the highest daily temperatures. This Coastal tropical city, the humidity level is constant at 100%.

Wearing fresh fabrics such as linen and cotton is recommended even for business or formal occassions.

Program

8.00 – 8.30 AM
Registrations
8.30 – 9.00 AM
Welcome Messages


Peter Simon
WSBI, Managing Director

Diego Prieto
WSBI, Regional President for Latin America and the Caribbean and President of Banco Caja Social


09.00 – 10.30 AM
Panel 1: Success stories in Digitization, Big Data and Cybersecurity

Panelistas:

    • Indra Colombia
    • Teléfonica Colombia
    • Alok Kumar Choudhary, State Bank of India (online)
    • Al-Amine Nejjar, Chairman of the Board of Directors of Al Barid Bank

10.30 – 11.00 PM

Coffee Break  ☕


11.00 – 12.30 PM

Panel 2 : Sustainable finance
Moderator: Jose María Méndez, CEO at Cecabank.

Panelist:

  • Helmut Schleweis, President of the German Savings Bank Association (DSVG)

Helmut Schleweis
President of the German Savings Bank Association (DSVG)

  • Marcela Ponce Pérez, Climate Finance Leader for Latin America and the Caribbean, International Finance Corporation (IFC)

12.30 – 02.00 PM LUNCH

02.00 – 03.30 PM

Panel 3
Financial education as a means for financial inclusion

Moderator: Faustino Laínez Mejía, President of Banco Atlántida.

  • Dominique Goursoulle- Nouhaud, President of ESBG and president of the Fédération nationale des Caisses d’Epargne (FNCE).

Dominique Goursoulle- Nouhaud
President of ESBG and president of the Fédération nationale des Caisses d’Epargne (FNCE).

  • Jorge Castaño, Financial Superintendence of Colombia
  • Jorge Solís, President of the Peruvian Federation of Municipal Savings and Credit Banks (FEPCMAC)

03.30 – 04.05 PM

closing speech

  • Isidro Fainé, President of the WSBI and President of the La Caixa Foundation

Isidro Fainé
President of the WSBI and President of the La Caixa Foundation

4.40 PM
Transportation to the Santa Clara hotel

6.00 PM
Transportation from Santa Clara and Radisson Hotels to La Bodeguita

6.30 PM
Board a catamaran for a tour of the bay.

7.45 PM
Arrival at the Fishing Club Restaurant

8.00 PM
Dinner



The 28th African Regional Group Meeting convenes in Cape Verde

News

WSBI


Representing 27 financial institutions from 20 countries, WSBI Africa Regional Group convened in Cape Verde during 6-7 October 2022.

By Stephanie Yeze

Co-organized by WSBI and Caixa Económica de Cabo Verde, the Africa Regional Group came together physically for the first time since the last in-person meeting that was held in Zimbabwe back in 2019 during the 28th edition of these meeting series. As one of the long-lasting regional groups of WSBI, Africa Regional Group brings together members in the African region to keep close exchange on the members’ priority topics of the year.
This year’s meeting focused on “Banking Development Strategy & Leadership” and saw the active participation of more than 30 delegates from such countries as South Africa, Kenya, Zimbabwe, Zambia, Botswana, Morocco, Senegal and of course from the hosting country Cape Verde.
Following the welcoming speeches made by Mr. Antonio Moreira, CEO of CAIXA Económica de Cabo Verde, Mr. El Moussaoui M’hamed, Al Barid Bank President and also the newly named WSBI Africa Regional Group President, and Mr. Peter Simon, Managing Director of WSBI-ESBG, the two days event was officially inaugurated by H.E. Mr. Carlos Santos, Minister of the Cape Verde Government. During his speech, Mr. Santos highlighted that the 28th Strategic African Regional Group Meeting would allow participants to discuss relevant themes for the institutional developments, the banking development strategy activities and leadership as well as providing them with an analysis on the new trends for the banking sectors globally and at the level at the regional group.
The first day started with a panel on process ‘from postal financial services to retail bank’. During the panel, representatives from Al Barid Bank Morocco, Tanzania Commercial Bank and Central Bank of Cape Verde, were able to discuss the different angles and solutions to facilitate the process. On the second session, MicroBank, which is the social bank of the CaixaBank Group, made a presentation with a focus on inclusion through microcredit and other financing with social impact. During the panel, the participants were briefed on how the network of branches has adapted their financial products and services to the needs of not only entrepreneurs, microenterprises and also families in order to promote personal development, social progress and financial inclusion before and after the pandemic. The following session on “Developing MSME Growth in Africa” elaborated on the findings of the SOI 2022 report which examines the role of WSBI members in driving MSME growth in Africa. Finally, the last panel of the day put the emphasis on “Leadership and Change Management”. By working together, the whole audience was able to reflect on their own individual leadership and willingness to be open to a potential change of leading.

On the second day of the Africa Regional Group Meeting, WSBI members made presentations which included an overview of each country’s digital ecosystem and legal framework, the latest developments in each institution’s own digital infrastructure and digital offerings, gaps to be filled, plans for the future, and challenges to be addressed. On the last session, Mr. Antonio Moreira, CEO of Caixa Económica de Cabo Verde, was interviewed by WSBI Advisor Stephanie Yeze on his “Success Story” as Caixa Económica de Cabo Verde was selected earlier this year the “Best Bank in the Country”.
After intensive exchanges on a variety of topics, Mr. Simon concluded the 2-day event by highlighting the chances of WSBI’s network for its members both on the regional and cross-regional level. Members welcomed his suggestion to create work flows between WSBI members also at the “cross regional” level, a first example of which was conducted during WSBI’s World Congress in the form of the cross regional speed dating.

Stephanie Yeze is international & institutional relations advisor of WSBI-ESBG with expertise on Africa

Meet the WSBI Team

AGENDA

SEE AGENDA

EVENT PHOTOS

SEE EVENT PHOTOS

WSBI and BTN Collaboration Encourages Global Financial Digitalization and Inclusion

Brussels, 16 December 2022 - World Saving and Retail Banking Institute (WSBI), incollaboration with PT Bank Tabungan Negara (Persero) Tbk (BTN), held the 28th meeting of the WSBI Asia Pacific Regional Meeting. The meeting was held under the theme "Sustainable and Resilient - Savings and Retail Banks in the Post-Pandemic Era". The event was a follow-up to the results of the G20 summit in Denpasar, Bali.

WSBI Managing Director Peter Simon delivered the Paris Declaration to representatives of the Indonesian G20 Presidency. In his speech, Mr Simon insisted on the need for shared solutions to common problems that go beyond geopolitical division. To this end, he reiterated the main points of the Paris Declaration, which calls for harmonizing green taxonomies among jurisdictions following science-based, pragmatic principles. In line with the theme, there were a number of discussion topics at the Regional Meeting, which was held on December 15-16, 2022, in Bali, Indonesia. Among them are digitalization and financial inclusion, sustainability, green finance, innovation, fintech, and payments. These topics were elaborated from different perspectives: business side and regulatory.

WSBI delegation was led by WSBI – ESBG Managing Director, Peter Simon and the meeting saw the participation of many members such as the President Director of
Bank BTN, Haru Koesmahargyo, Shantan Yoosiri Senior Executive Vice President of Government Saving Bank Thailand, and a number of delegates from various countries and banks such as Imagin, CaixaBank, the Sparkassestiftung for International Cooperation, Germany, the Saving Bank of Thailand, Cambodian Bank, Xalk Bank Uzbekistan, Bostwana Savings Bank, Bostwana, the European Union Delegation to ASEAN, the European Investment Bank, European Union. This very intense three-day event was a great chance to concretely discuss best practices and share strategies both from the perspective of regulators and the banking industry. Participants learnt and discussed practical solutions to improve the reliability of green finance product data. Tools and strategies were presented for very advanced banks as well as for institutions catering for the less well-off. The European Investment Bank and the Indonesian Ministry for Housing and Public Works gave a bunch of concrete projects that are being launched in the region where socially responsible banks can play a crucial role while developing their green finance portfolio.

Read More

Media coverage in other languages

Article from : Liputan 6 (The 6 Report), Indonesian flagship television news program broadcasts on SCTV

Click to open article

Article from: Suara.com, a Indonesian news portal that presents informations from political, business, legal.

Click to open article

Article from: Media Indonesia is a national newspaper published since January 19, 1970

Click to open article

related


May you rest in peace, Wouter!

It is with great sadness that we have to announce that our colleague and friend, Wouter De Win, passed away on 30 October, 2022 at the age of 58, surrounded by his loved ones.

Wouter started his career at the WSBI-ESBG Joint Office at 17 December 2001 as an accomplished accountant in our Organization Department. Wouter loved to work with figures but also with people. His pleasant personality and positivity was contagious to everyone he met.
He was a real appreciated colleague and delivered excellent work. Always with a smile and ready to help. Even during Covid Times, Wouter would not have missed a day of work at the office.
The last year we noticed that Wouter’s health condition was getting worse and a long hospitalisation followed.
Never we would have thought that we would be saying a definitive goodbye.

May you rest in peace, Wouter!


Savings can make all the difference

Savings can make all the difference

World Savings Day 2022

Established on 31 October 1924 by the WSBI founding fathers as the ‘World Thrift Day’, the World Savings Day has been marked ever since.

This year, as in the past, WSBI launched an awareness raising campaign, much in harmony with similar actions conducted by saving banks across the world. All these efforts have the same goal: to encourage people to save for ‘a rainy day’. The central piece of the campaign is an animated silent video with a simple but powerful message to raise awareness on how ‘Savings can make all the difference’ in times of need. In other words, how savings play a key role to build financial resilience and be prepared to face difficult times in the future.

Ahorrar puede hacer toda la diferencia

Día Mundial del Ahorro 2022

Establecido el 31 de octubre de 1924 por los fundadores del Instituto Mundial de Cajas de Ahorro y de Bancos Minoristas (WSBI, por sus siglas en inglés), el Día Mundial del Ahorro se conmemora desde entonces año con año en la misma fecha.

En esta ocasión, el WSBI lanzó su tradicional campana, en armonía con otras numerosas acciones que los bancos minoritas y cajas de ahorro llevan a cabo para concientizar a la población sobre la importancia de ahorrar para un futuro ‘día lluvioso’. La pieza central es un video mudo animado con un mensaje simple pero poderoso: Ahorrar puede hacer toda la diferencia.

L’épargne peut faire toute la différence

Journée mondiale de l'épargne

Etabli le 31 octobre 1924 par les pères fondateurs de WSBI, la Journée mondiale de l’épargne est célébrée depuis son instauration.

Cette année, comme par le passé, WSBI a lancé une campagne de sensibilisation, en harmonie avec des actions similaires menées par les caisses d’épargne à travers le monde. Tous ces efforts ont le même objectif : encourager les gens à épargner en prévision des mauvais jours.

WSBI présente une campagne visant à sensibiliser sur la façon dont l’épargne peut faire toute la différence en cas de besoin. En d’autres termes, comment l’épargne peut jouer un rôle clé pour renforcer la résilience financière et se préparer à affronter des moments difficiles à l’avenir. Comme l’indique notre slogan de cette année : L’épargne peut faire toute la différence.

Le point central de la campagne est une vidéo muette animée destiné à un public international.

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Bank Asia Agent Banking: An Initiative to Reach the Unreached People for Better Financial Inclusion in Bangladesh

A number of banks have emerged with several technology driven innovative banking solutions to accelerate the national financial inclusion drive under prudent directives and support from the central bank (Bangladesh Bank) in Bangladesh. Bank Asia pioneered Agent Banking in 2014 for rural financial inclusion under the auspices of Bangladesh Bank. The bank is extending full range of banking services to the last mile citizens across the country.

Bank Asia’s Agent Banking with a vast network of more than 5000 agent outlets is reaching more than 5.1 million customers across 64 districts in Bangladesh. Bank Asia, alone represents more than 45% of total female customers in Agent Banking. It serves more than 2.0 million social safety net (SSN) beneficiaries through its Agent Banking.
Bank Asia’s agent outlets doubled over the past three years and it added more than 3.0 million customers over the past years of pandemic. It partnered with a2i to expand agent network through Union Digital Centre (UDC) and Bangladesh Post Office (BPO) under PPP model.

  • Bank Asia owns more than 26% of total agent banking outlets across the industry
  • 62% of its total agent banking customers are women.
  • The agent banking pioneer ranked top in customer acquisition. More than 90% customers of its agent banking fall under the rural geography.
  • Bank Asia is the only bank in Bangladesh who received grants from the Gates Foundation and MetLife Foundation to address the gender gap and financial health within the Low & moderate income group people.

Bank Asia’s unique ‘micro-branch ‘model to make the rural economy more vibrant

Bank Asia adopted its pioneering ‘micro-branch’ model in agent banking. Recently it expanded a sizeable network for its invention of ‘rural micro-merchant’ towards building a complete digital banking ecosystem for the rural economy. Agent banking, in contrast to other branchless banking, is largely driven by an exclusive specialized agent model. This could be due to initial investment requirements to set up an outlet: An outlet in agent banking is exclusive for Bank Asia and distinctly branded by various permanent marketing collaterals and point-of-sale materials (PoSMs). This requires 10-15 times higher investment than is needed for a typical mobile financial service (MFS) agent outlet. This model focuses on the three stakeholders bank itself, banking agents and customers.

In accordance with the central bank guidelines bank must maintain a minimum ratio of 3:1 for rural and urban agent banking outlets. Bank should prefer remote rural areas, chars, islands and other geographical areas with limited accessibility for establishing new agent banking outlets where there is no bank branch or agent point within  a proximity of one kilometre (with an exception of agent on UDC).

Bank Asia has 3 categories of agent outlets 1. Individual 2. Union Digital Centre (UDC) 3. E-Post centres by Bangladesh Post Office. Individual outlets are run by the individual entrepreneurs whereas UDCs and e-post centres are run by the designated entrepreneurs assigned by the Local Government Division (LGD) and Bangladesh Post Office.

Bank has defined a fees, charges and commission structure for the agent banking services. Agents earn from the commission set by the bank for each services category.

Key customer value proposition     

#1 providing banking access to the last-mile citizen

  • Bank Asia has an agent outlet network of more than 5000 across the country. Approximately 80% of them are located in rural areas. Bank Asia reports that more than 5.0 million clients transact through its agent outlet network, which accounts for approximately 34% of the total market share among 29 players. Unbanked customers can open bank accounts at the agent outlets and make peer-to-peer transfers to other bank accounts and pay their utility bills including passport fees and other variety of payments. Currently, a significant proportion of Bangladeshis still don’t have access to mobile phones, while agent banking offering bio-metric based digital banking services without mobile phones or any device ownership dependency at customers end.
  • The reliance on agent networks has its challenges as the provider must principally control quality and service. However, Bank Asia’s management strategy pivots on its careful selection of agents. They are primarily small business owners, fresh entrepreneurs and other institutional agents (like Union Digital Centre under a2i and e-post centers of Bangladesh Post Office) in rural areas. This allows Bank Asia to focus on their ability to manage their liquidity, community standing, trust, and operating hours. Bank Asia’s agents are also required to invest approximately BDT 0.5 million, which builds ownership and motivates them to keep customers happy.

 #2 Greater convenience, ease of use and cost effective

  • Rural customers can access Bank Asia agent outlets with greater ease when compared to a bank branch and other financial service outlets. Rural customers need to travel a maximum distance of no longer than two kilometres to reach a Bank Asia agent outlet, who provide the added advantage of operating beyond typical banking hours.
  • Compared to USSD or mobile phone based financial services where simple cash-in transactions can require seven to eight menu screens and entering two to three number sequences, Bank Asia agent banking to run on bio-metric fingerprint and facial recognition system without any dependence of mobile phones at user end.
  • Agent banking fees and charges are also affordable. It offers Free of Charge (FOC) cash withdrawal in compare to the alternatives in the market for OTC withdrawal from the mobile wallets which charges 1.80% (i.e. BDT20 per thousand as per market practice) of the withdrawal amount.

#3 Building trust in digital platforms

  • Cybersecurity is a burning issue across the regions and Bangladesh isn’t an exception. In 2017, country’s mobile payments industry faced a huge challenge with the rise of ‘digital hundi’ due to some anomalies in customer KYC. Given that customer trust of digital platforms, and in particular financial transactions is already low, incidents like this do not bode well. And payment solution providers, who are relatively new supply-side actors in the financial services space, cannot afford any reputational risks.
  • Bank Asia has invested in a multi-tier security system that is compliant with latest regulations and global standards for branchless banking. As an added security measure, Bank Asia uses bio-metric authentication through m-POS to confirm all transactions at an agent outlet. Customer KYC is also cross-checked with the Election Commission (EC) NID database. Bank Asia also introduced a robotics technology for inward remittance disbursement through its agent banking. This robotics technology has significantly minimized the human error and faster the process of disbursement.

#4 Capturing the mass-market; leveraging key use-cases

The last decade in Bangladesh has seen substantial progress in terms of key underlying drivers for digitising financial services, such as more reliable internet connectivity and increased smartphone penetration. The market is supported by favourable demographics, such as a relatively youthful population and increasing income levels, with the growing middle-class segment. However, while banking agent networks exist and are growing in Bangladesh.

A number of use cases which have differentiated Bank Asia Agent Banking from other alternatives in the market. Bank Asia has been focusing on the low and moderate income group people with a vision of greater financial inclusion through social safety net payments, inward remittance disbursement and loans for rural micro-entrepreneurs. The agent banking pioneer has already made noteworthy contribution through these use cases. Both inward remittance and loan disbursement through Agent Banking experienced a significant growth over the past two years of pandemic.

Lessons learned

  • Almost 50% customers are women in agent banking, however only around 2-3% agents are women. Female customers feel more comfortable to deal with a female agent.
  • Bank faces difficulties in finding suitable women agents who can meet the application criteria.
  • Agent outlets may act as center of excellence for providing complete digital banking services (payments, purchase, transfer, savings and credit) to the rural citizens of the country.
  • Public-private partnerships with Union Digital Centers by a2i under the ICT Division and Bangladesh Post Office helped to achieve some quick wins in customer acquisition and agent network expansion.
  • Partnerships with government entities facilitate more prospective businesses for the bank within digital space.
  • Agent banking is more cost-effective than any other digital financial services in Bangladesh. Higher transaction limit, cost and bio-metric security were the top three factors for users’ preference of agent banking over MFS.
  • The range of service offering from agent banking is greater than mobile financial services (MFS) channel. Agent banking extends full range of banking services to the last mile citizens whereas MFS do serve only digital payments without any savings and loans products.

Transitioning customers from OTC money transfer to financial wellness

In Bangladesh, the OTC trend is very similar to other Asian mobile/e-money markets, such as Pakistan, Myanmar, Vietnam and Cambodia, where OTC transactions made up the vast majority of transactions and served as a significant accelerator in each market.

However, we should keep it in our mind that MFS agents offering Cash in and Cash out (CICO), money transfer and bill payments services do not essentially create access to formal savings, credit and insurance for the last mile deprived people.

Bank Asia Agent Banking has been serving the rural citizens through a right set of value chain ‘Payments, Purchase, Transfer, Savings and Credits”

By Jakirul Islam

Senior Vice President in Bank Asia Limited


2022 ESG Financing Summit

2022 ESG Financing Summit | ESG financing
A real momentum and uptake

About the event

We are proud to invite you to the WSBI ESG Finance Summit 2022.
Our aim is to bring together leading policy makers and executives from the financial sector to discuss the prevailing market and regulatory trends in sustainable finance.
As an association that brings together leading financial institutions from around the world, we are confident that the ESG Finance Summit 2022 will be an important platform for the financial industry to address ESG finance.

What to expect on 26th of September:

starts at 4:00 PM CET with supported languages: English & Spanish

Panel “Tools and practices for responsible finance. A Global Overview from the financial industry”

What to expect on 27th of September:
starts at 8:00 AM CET with supported languages: English, Chinese & Arabic

Panel 1 “Regulatory approaches to ESG finance”

The need to finance the global transition to sustainable development is constantly growing. Financial industry is required to gain a deeper understanding of the relevant context and regulatory requirements, for which they need to build their own expertise.
What determines the state of the market today and how should it be regulated?
What changes at the micro- and macroeconomic levels can the widespread use of sustainable finance lead to?

Panel 2 “Integration of ESG factors into the risk assessment system”

How are ESG principles integrated into the financial products? How do ESG factors integrate into the risk assessment system? What do analysts rely on in this process? Parameters and case study.

Panel 3 “Tools and practices for responsible finance. Overview from financial industry”

The speed and quality of the development of the responsible finance market depends not only on regulators, but also on the financial industry themselves, or rather, the degree of their clients’ interest in the relevant products and services. What do clients need to support sustainability initiatives?
What products are financial institutions ready to offer to their customers?
What are their differences and what do they depend on?

Which of the parties – the financial institutions or the client – should act as a motivator in the creation and offer of ESG products?

How and what products of responsible financing can support not only the “green” but also the social agenda?

Co-organizers

WSBI-ESBG

Driven by the three “R’s”​.With roots in 1924, WSBI-ESBG members enjoy a long history of socially responsible banking around the world. Although organizational structures vary from country to country, they each share certain values in their business models, embedded within the three “R”s.

The Union of Arab Banks

The UAB is financially, administratively, and an organizationally autonomous entity and serves as a comprehensive organization representing the Arab banking and financial community. giving key support to Arab Banks, financial institutions, economic organizations, and banking institutions with mutual support and connections to the Arab world. Member of ECOSOC United Nations – New York, accredited at the United Nations Office at Geneva (UNOG), supporting Member of United Nations Environmental Program-Finance initiatives (UNEP-FI) – Geneva

The Union of Arab Banks Website

Asian Financial Cooperation Association

AFCA shall be a regional non-government and non-profit international organization registered with China’s Ministry of Civil Affairs, mainly composed of financial institutions, associations of the financial industry, government related agencies, and relevant professional service agencies as well as individuals in financial field from Asian countries and regions on a voluntary basis.

Asian Financial Cooperation Association WEBSITE

Singapore Fintech Festival 2022

Singapore welcomes you to the 7th edition of the Singapore FinTech Festival

SFF will bring together the global FinTech community to engage, connect, and collaborate on issues relating to the development of financial services, public policy, and technology. As the world’s largest FinTech festival, last year’s edition brought together over 60,000 participants from 160 countries.
SFF is organized by the Monetary Authority of Singapore, Elevandi, and Constellar and in collaboration with The Association of Banks in Singapore.

Why attend SFF

1. Learn from 300+ expert teachers in formats ranging from plenary addresses to intimate, curated summits.
2. Network with participants from 7500+ organisations through our dedicated meeting lounges and event app, the official industry party, and 50+ side events across the week.
3. Meet with 300+ exhibitors spanning from web3 technologies to sustainable finance solutions and from growth stage startups to leading FinTech companies.
4. Contribute to the advancement of the industry by interacting with policymakers and regulators spanning 50+ jurisdictions.

SFF 2022 Theme

Building Resilient Business Models amid Volatility and Change

With the global economy experiencing a surge in inflation and facing risks of a significant slowdown in growth, many FinTech firms are striving to stay resilient and viable. Key stakeholders comprising government leaders, regulators, financial services leaders, entrepreneurs, investors, and technology leaders will take stock of the drivers of change and examine three key questions at SFF 2022:

Viable: How are organizations building and redefining business models that can be more resilient to volatile market conditions?

Responsible: How are organizations balancing corporate responsibility and profitability in order to achieve greater stakeholder satisfaction and engagement?

Inclusive: How are organizations designing inclusive business models that cater to the needs of the unbanked and underbanked?


Number of unbanked adult EU citizens more than halved in the last four years

Nevertheless, more than 13 million adults, or 4% of the adult population, face financial exclusion, according to an ESBG analysis of the Global Findex Database 2021, recently released by the World Bank.

 

 

BRUSSELS, 14 July 2022 – The number of unbanked citizens more than halved over the past four years, but more than 13 million adult EU citizens still lack access to formal financial services, with room for Europe’s savings and retail banks to continue contributing to financial inclusion.

The European Savings and Retail Banking Group (ESBG) conducted an analysis of the Global Findex Database 2021 recently released by the World Bank, and was pleased to find that the number of banked adults in the EU has climbed.

This significant improvement can be attributed to increased efforts from the banking industry, including notably the ESBG membership serving 162 million Europeans, as well as to an increased move towards digitalisation spurred by the pandemic.

“Financial inclusion is at the core of our members’ vocation and they put great efforts on serving individuals, families and SMEs, with a focus on leaving no one behind, which has surely contributed to the improvement of financial inclusion in the block”, said ESBG Managing Director, Peter Simon.

According to the World Bank Findex (which has no data for Luxembourg over 2021), 3,6 % of Europe’s population remain financially excluded, an improvement from the 8,2% reported in 2017. This percentage translates to some 13 million adult citizens being unbanked in 2021, down from close to 31 million in 2017.

Part of the remaining unbanked are probably less-digital savvy people and banks need to continue cater for that segment. Without any doubt, all the unbanked rely on cash to participate in the economy and therefore banks must play a responsible role regarding cash provision.

Looking at some European countries in detail, Romania suffers the highest no-account rate at 30,9%, while neighbour Bulgaria faces the second highest financial exclusion rate at 16%. Following them are Hungary (11,8%), Croatia (8,2%) and Portugal (7,4%). Compared to the 2017 data, Bulgaria showed nearly an 11 percentage points improvement from 2017 when they reported 27,8% of the population remained unbanked. The Czech Republic and Lithuania significantly improved their unbanked rates over the reported period, dropping out of the top 5 list of EU countries with the highest no-account rates, as Croatia and Portugal replaced the pair.

Best-in-class countries include Denmark, with hardly any unbanked people reported, followed by Germany (0,02% unbanked) and Austria (0,05%). These are followed by the Netherlands (0,3%) and Sweden (0,3%). Austria is the newcomer in this top 5, replacing Belgium. Nevertheless, Belgium, together with 10 other countries have more than 99% of their population participating in banking services.

Table: Financial inclusion in EU Member States, unbanked adults

(Sources and notes: Global Findex – 2021 data on Luxembourg is missing in Global Findex so has been omitted, analysis by WSBI-ESBG)

  2017 2021
Country Unbanked adults 15+ Relative share Unbanked adults 15+ Relative share
Austria 137.700 1,84% 3.761 0,05%
Belgium 128.041 1,36% 95.329 0,99%
Bulgaria 1.697.604 27,80% 947.642 16,03%
Croatia 494.946 13,86% 283.466 8,20%
Cyprus 109.767 11,28% 69.197 6,87%
Czech Republic 1.703.016 19,01% 456.366 5,06%
Denmark 3.947 0,08% 0 0,00%
Estonia 22.137 2,01% 6.929 0,62%
Finland 9.866 0,21% 21.861 0,47%
France 3.270.789 6,00% 419.374 0,76%
Germany 613.053 0,86% 16.765 0,02%
Greece 1.341.302 14,53% 473.335 5,12%
Hungary 2.105.537 25,06% 983.136 11,78%
Ireland 173.372 4,66% 13.310 0,34%
Italy 3.255.366 6,21% 1.401.949 2,71%
Latvia 112.583 6,78% 53.731 3,38%
Lithuania 419.049 17,12% 152.777 6,47%
Malta 10.302 2,64% 15.982 3,55%
Netherlands 51.485 0,36% 39.231 0,27%
Poland 4.292.591 13,27% 1.377.061 4,28%
Portugal 681.086 7,66% 658.625 7,35%
Romania 7.039.982 42,25% 5.031.950 30,88%
Slovak Republic 727.964 15,82% 201.923 4,38%
Slovenia 43.408 2,47% 16.937 0,95%
Spain 2.474.022 6,24% 689.696 1,70%
Sweden 21.133 0,26% 26.545 0,31%
Totals 30.940.048 8,20% 13.456.879 3,54%

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