Regulation and Supervision

It has been more than 10 years since CGAP first studied emerging financial services models that use agents as alternative delivery channels and digital technology to connect customers to their financial services providers. CGAP has been exploring the potential to advance financial inclusion through what was then called branchless banking, but nowadays is better known as digital financial services (DFS). What started off as a niche topic is now part of the mainstream of financial inclusion.

As businesses generate and manage vast amounts of data, companies have more opportunities to gather data, incorporate insights into business strategy and continuously expand access to data across the organisation. Doing so effectively—leveraging data for strategic objectives—is often easier said than done, however. This report, Transforming data into action: the business

Deputy Governor of Bank of Ghana (BoG) Elsie Addo Awadzi, recently shared her perspective on financial inclusion and the pillars of sustainable SME finance with the Alliance for Financial Inclusion (AFI) in Kuala Lumpur. She shares what her three key lessons are for the best way to make SME finance sustainable in Ghana, regulations role, how SME finance helps close the gender gap and her institutions most significant financial inclusion accomplishments.
 

Cyber insurance is a new and rapidly evolving field and many directors and management teams are uncertain how to assess its value. This report positions cyber insurance within a comprehensive cyber risk management framework, provides an overview of evolving coverage options, and identifies key questions for directors to explore with management to mitigate exposure and provide effective cyber risk management oversight. Ther report is from Marsh & McLennan Companies’ Global Risk Center and education and development organization WomenCorporateDirectors (WCD).

Oscar Sala, VP of Product Strategy at Strands, Member of the Board of Mobey Forum and co-chair of their Open Banking Working Group, has extensive experience in digital transformation in retail and corporate banking, contributing in particular to the transformation of several companies within Grupo Caixabank, where he was instrumental in the development of new digital banking services, and the application of Fintech methods to ‘disrupt’ the status quo of the financial sector. 

Mobile money systems offer a dual promise, as an engine for financial inclusion, and as an emerging markets business opportunity for providers. Two billion individuals and 200 million small businesses in emerging economies today lack access to savings and credit. Success in financial inclusion entails reaching these users with products that go beyond payments and can significantly improve people’s financial lives. Providers who can do so profitably can tap into huge and largely untouched markets.

The United Kingdom's Treasury Committee is appointed by the House of Commons to examine the expenditure, administration and policy of HM Treasury, HM Revenue & Customs, and associated public bodies, including the Bank of England and the Financial Conduct Authority. On March 6, the committee discussed SME Finance with several individuals working to expand access to finance to SMEs.