Session 1

1A: What does a Financial System for the Poor Look Like?

​Presentation 

• Mr Manoj Sharma, Director, Asia, MicroSave

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Examination of the factors from different economies which prevent the formal financial system from providing adequate services to the poor/underserved (e.g. KYC/eKYC regulations, e.g. cost to serve)

• Financial Sector Development and the Poor in Developing Countries: Revisiting the Access to Finance Channel
  Theoretical and Applied Economics 2018

• Five Challenges Prevent Financial Access for People in Developing Countries
  World Bank Blog 2015

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What are the economic implications of a financial system which is designed specifically to meet the needs of the poor/underserved?

• Banks have a $380 Billion Market Opportunity in Financial Inclusion, Accenture and Care International UK Study Finds Accenture 2015

• Reverse Innovation in Financial Services: A 10 Year Outlook
  Apis Partners 2015

• The Power of Parity: How Advancing Women’s Equality can add $12 Trillion to Global Growth
  McKinsey Global Institute 2015

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What are the case studies which demonstrate attempts at creating pro-poor financial systems (e.g. cash-lite villages, neo-banks)? What can we learn from these case studies? 

• Cash-Heavy to Cash-Lite Indian Society: A Case Study From the Rural Northern Indian State
  Current Research Journal of Social Sciences 2018

• The Journey Toward Cash Lite – Addressing Poverty Saving Money and Increasing Transparency by Accelerating the Shift to Electronic Payments
  Better Than Cash Alliance 2015

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How would such a financial system enable enhanced opportunities for women and entrepreneurs?

• 5 Challenges for Women’s Financial Inclusion
  CGAP Blog 2017

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How are institutional frameworks restricting opportunities for formal and semi-formal financial services providers from cooperating?

• 5 Ways to Bring Everyone into the Mainstream Financial System
  Fast Company Blog 2016

1B: A Financial System for the Underserved
Building the Framework

Presentation 

• Mr Gautam Bhardwaj, Co-founder and Director, pinBox Solutions

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How will the framework address demand-side barriers of adoption (i.e. need, trust in financial institutions, affordability, convenience, literacy/awareness, etc.)?

• Promoting Financial Inclusion through Financial Education: OECD/INFE Evidence, Policies and Practice 
  OECD Working Paper 2013

• How to Create and Sustain Financial Inclusion
  BCG 2017

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What could a transitional finance system look like?

• Nobel Winner Muhammad Yunus Wants Two Financial Systems One of the Rich and One for the Poor
  Quartz 2018

• The Future of Banking for the Poor: Lessons from India
  Stanford Social Innovation Review 2016

• Building Social Business Models: Lessons from the Grameen Experience 
  Long Range Planning 2010

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What critical elements of the transitional financial system need to be addressed by the framework, including recognition of the diverse situations of the poor (i.e. poor women, small hold farmers, aging populations, etc.)?

• Financial Inclusion is Improving Around the World but Women Are Still Missing Out
  Quartz Blog 2018​

• Aging and Financial Inclusion: An Opportunity
  Centre for Financial Inclusion 2015

• Finance for the Poor: How Can Financial Services Work Better for Low-Income Consumers?
  International Banker 2016

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Presentations

• Undersecretary Gil Beltran, Domestic Finance Group and Office of the Chief Economist, Department of Finance, Philippines

• Governor Loi Bakani, Bank of Papua New Guinea 

• Mr Muhammad Cholifihani, Director of Financial Services and SOEs, Ministry of National Development Planning / BAPPENAS, Indonesia

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1C: A Financial System for the Underserved – Progress in Asia and the Pacific