Multiple roundtables will follow Chatham House Rules. Roundtables noted below may be changed or modified to fit participant interest and ideas sparked during the previous day.
The May 3rd practitioner roundtables are designed for key mid to senior level practitioners in the field of financial inclusion.
- Money Without Borders
- Much commercial and development activity has focused on mobile or electronic international remittances, yet many remitters still use cash and informal networks to save or send money, putting recipients and their assets at risk as they migrate across boundaries or flee disaster. What will it take to spread electronic remittances to migrant populations?
- Designing to what people think, not just do
Research tools designed to uncover mental models might help design financial services that are closer to how people interpret the role of money and finance in their own lives.
Increasingly, online services, financial education and entertainment have been brought together, often following the rules, mechanics and incentives of games. Designing services in this fashion might combine financial education with actual usage in a learn-as-you go approach. This session explores new ways of researching and designing heuristic products that cover a broader range of customer needs.
- Is Rapid-Prototyping the New Market Research?
- In the past, financial product designers conducted focus groups and surveys to glean information from potential customers. Today, product design is more likely to derive from testing and adapting product prototypes. What is the potential, and what are the limits, of rapid-prototyping in financial inclusion?
- Leveraging Public Private Partnerships for Financial Inclusion
The private sector is seen as a potential source of the expertise, efficiency, and capital needed to improve and expand a range of products and services. As governments around the world seek ways to financially include their citizens and visitors, they are finding that full inclusion means engaging with the private sector (MNO, MTO, Technology providers, banks, and merchants). These public-private partnerships are critical to better products and services that come about through innovation.
- Beyond a Working Wage: Financial Inclusion for Factory and Farm Workers
- Multinational and domestic corporations are partnering with financial service providers to offer a range of financial products (insurance, credit, savings) to employees as well as hourly and piece rate workers. This session explores the business case for offering workers basic services.
- Data Without Damage – Researching the Financial Lives of the Poor
Primary research on any topic – qualitative or quantitative – can be invasive, but particularly so when money matters are involved. This session explores the ethics and standards of researching the financial lives of the poor, as well as non-invasive research methods.
- Extreme Everything – When Finance is Not Enough
- Finance is a critical facilitator of development, often enabling key determinants of human well-being such as housing, health, clean water, education and safety. What is the relationship between inclusive finance and development? Are more integrated approaches required to target different sectors?
- Pay-as-you-go: Flexible Asset Financing
- The prepaid model launched the explosion of mobiles in poor countries. Now, the innovation of mobile money opens up potential new business models to offer asset financing to those with irregular incomes, instead of borrowing or saving to finance large goods or on-going services. The ability to collect frequent, electronic micro-payments makes prepaid or pay-as-you-go schemes feasible. But will they catch on and what is needed to trigger demand?
- The Power of Folk Banking
Locally formed savings and loan clubs have spread like brushfire across many rural and urban landscapes. Collecting savings, making loans, and enjoying annual dividends, these groups of 15-30 women and men have mastered the art of banking. What can we learn from these do-it-yourself financiers? How can we diffuse their success?
- Financing Inclusion in Scale
One of the major challenges facing inclusive growth is bridging the gap between large pools of available long-term capital and discrete inclusive growth programs and projects. This issue is important as the global conversation on development finance moves away from traditional grant and lending models to more creative solutions that include both equity and other innovative forms of long-term finance. In this roundtable we explore this issue by bringing together leading thinkers in finance and inclusive growth to discuss the major funding challenges confronting policy-makers today and to consider innovative solutions to overcome the financing hurdles, including those related to source, scale, and structure.