Technology and Innovation for Financial Inclusion Expo
Location: Perth, Australia
Attendance by invitation only
Financial inclusion that promotes universal access to appropriate and affordable financial services is crucial to inclusive growth. Nevertheless, over half of the world's poor are un(der)banked and have limited or no access to formal financial services such as savings, loans, credit, insurance, or payments. This prevents them from taking full advantage of economic and educational opportunities, participating in business transactions, and sending and receiving remittances. At the same time, small and medium sized enterprises, an engine for growth and job creation, continue to face impediments, the major one being access to finance.
Therefore, the G20 Global Partnership for Financial Inclusion has made technologies and digital finance a key focus of its work. At its recent meeting in Hobart, Australia, 5-6 May 2014, the GPFI discussed new technologies and other innovations that promote financial inclusion in developing countries.
To support these GPFI efforts, the SME Finance Forum is organizing the Technology and Innovation for Inclusion Expo, in conjunction with the Annual GPFI Plenary and Forum 1-2 September 2014, to showcase some of the promising emerging technology solutions that have the potential to accelerate financial inclusion for households and businesses. This event will offer opportunities to fintechs and other participants to interact directly with G20 representatives and for the G20 representatives to gain exposure to the work of a select group of emerging technology companies.
PARTICIPATING FINTECH FIRMS
Advanced Merchant Payments AMP's small business lending solution offers an efficient and scalable means by which banks can readily originate and manage a broad portfolio of small business loans.
CopSonic proposes a platform and contactless mobile payment technology which is compatible with 100% of the 7.2 billion mobile devices existing worldwide (5.6 billion feature phones + 1.6 billion smart phones).
KlickEx is an automated utility for high frequency immediate payments, in or between banks, consumers, or other actors in G20, OECD and G-77 currencies; serving capital mobility, regulatory compliance, mobile commerce, and financial inclusion at scale.
Mantis provides expert forecasting and risk quantification services in frontier and emerging markets.
Oxigen Services (India) Pvt Ltd was established in 2004 as India’s pioneering venture for a prepaid platform.
Quisk, Inc. is a Silicon Valley-based technology company that digitizes cash and partners with financial institutions and others to provide safe, simple, and secure financial services and cash-less transactions for anyone with a mobile phone number.
Ripple is a payment system that enables fast, secure, and virtually free transactions with no chargebacks to merchants.
Verde International offers a next-gen automated loan-underwriting optimization engine for customers, shareholders, regulators, dealers, and other stakeholders.