PARTICIPATION IN 2011 FOROMIC IN COSTA RICA

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19:09

PARTICIPATION IN 2011 FOROMIC IN COSTA RICA

Technologies for Financial Inclusion panels and preliminary workshop

The Program participation in 2011 Foromic is expected in two events:

MONDAY, 10th OCTOBER | 3:30 pm - 5:00 pm | ROOM A
Pre-Foromic Workshop: Business models and technologies to improve financial inclusion in Latin America and the Caribbean (LAC)

More than 250 ideas, proposing to exploit technology’s potential in order to expand and improve various financial services for the underserved population in Latin America and the Caribbean (LAC), were received in the Program’s second Call. In this workshop, we present a selection of the best ideas for sharing the main challenges and the impact on its implementation.

Session of 1.30 h, structured in 3 mini-sessions for discussion and 1 for conclussions.

INTRODUCTION: Results of the Technologies for Financial Inclusion Program's second Call of proposals and some outstanding trends towards financial inclusion by Nate Bourns (DAI-Mexico).

SESSION 1 (20 minutes). Moderator: Natasha Bajuk (IDB/MIF)
> Mobile Banking and Mobile Payments:

• Emerging Models in Latin America: payment platforms, mobile phone operators, financial institutions, directly and/or combination of actors.
• What models are emerging?

Invited panelists - Program's 2nd Call finalists-:
- Harvey Morris, Transfers Solutions Providers (Bahamas)
- David Mendoza, Tigo (Honduras)
- Carlos Eduardo Anibarro, Viva (Bolivia)
- Félix Morales, Nucleo SA (Paraguay)
- Javier Ayoroa, Fundación Profin (Bolivia)
- Mauro Gerner, Micropagos (Uruguay)

SESSION 2 (20 minutes). Moderator: Francisco Olivares (CAF - Development Bank of Latin America) and Fermin Vivanco (IDB/MIF)
> Use of technology to be close to customers at lower costs: the role of agents

• What models of agents are emerging as the most sustainable in LAC?
• What drawbacks and opportunities are there in the market?
• How can technology's potential be exploited in business models through agents?

Invited panelists - Program's 2nd Call finalists-:
- Alicia Spengler, Stro Foundation (Uruguay)
- Diego Robledo, Asea Solution (Mexico)
- Liliana Rodríguez, Women in Development -MUDE- (Dominican Republic)
- Camilo Velez, Bancolombia (Colombia)
- Rodrigo Bravo, Banestado (Chile)
- Jonathan Hakim, Cignif (Brasil)

CLOSING (30 minutes).
> What are the regional models of mobile financial services?

• Questions from the audience.
• Conclusions

WEDNESDAY, 12th OCTOBER | 9:00 am - 10:30 am | ROOM B
Participant in Panel 3B: technology and financial inclusion in the region: what mobile banking and payments models are working?

Some of the questions addressed during this workshop are:

• What are the mobile banking inclusive models that make sense in Latin America and the Caribbean context?
• Why are payments and other mobile banking services attractive to microfinance institutions and other intermediaries in the industry?

>>> The Technologies for Financial Inclusion Program will be present at the stand 29 of 2011 Foromic, where the Program's participating organizations are expected to gather and diseminate their proposals.