Theme: “Beyond the Banked- Promoting Financial Inclusion in the Financial Sector”
The Annual Banking & Finance Conference 2016 is scheduled to be held in Accra Ghana on the 6-7 March 2016 under the timely theme theme: “Connecting people to Banking & Financial Service through Financial Inclusion”. Financial exclusion can and does place individuals and families into a never ending cycle of disadvantage with very negative social consequences. Banking and financial services must seek ways to increase their mass and tap into the 66% (World Bank) population that still lack bank accounts on the continent.
Against this backdrop, the agenda to deliver financial services to those that banks have traditionally not reached should now more than ever be at the top of corporate growth strategy.
Objective ABFC 2016
Financial inclusion has been recognized as one of the most powerful tools in the fight against poverty. The objective of this flagship 2016 event is to sharpen the focus of thinking on how financial institutions can grow by focusing on promoting financial inclusion as a core part of their business strategies while at the same providing a client centred products in the mass market. The conference will also look at new and innovative financial technology (FINTECH) solutions that making financial inclusion possible and profitable.
The 2016 ABFC conference will include a broad range of discussions and debates by top speakers from across Africa bringing theoretical and practical experiences on how various sectors can work together to promote financial inclusion.. Key stakeholders will include traditional banks, insurance; NGOs, telcos; retail stores, donors, investors, policymakers, regulators, MFI, FMCGs.. Financial institutions must collaborate, partner and learn from non-financial players to expand their products and services to new customer segments. The question then is how do they do this?
The event will be a catalyst for debate, best practice, knowledge exchange and partnerships among the practitioners, policy-makers and other stakeholders seeking to achieve significantly greater financial inclusion in the region.
Ghana has made significant progress in reforming the financial system improving the stability, structure and efficiency and therefore a perfect host of 6th edition of AFBC. The economy in Ghana has been on a growth trajectory with per capita income for all income quintiles set to increase by approximately two-thirds by the year 2020. However, the ratio of persons to bank branches in Ghana is very low as many branches are located in urban areas and are often choked with queues. Some peri-urban areas are fortunate to have sparse branches with rural areas often not within the radar of established institutions. The regulators and leading banking institutions in Ghana are working towards changing this.
Who Should Attend?
All institutions that are concerned with financial inclusion
- Retail bankers (Heads and directors of branches, distribution, product development, marketing, cards and payment processing)
- Micro finance
- MFI, policymakers, regulators
- NGO, Development Organisation
- FMCG trade & Marketing, retailers
- Banking Technology Solutions providers
- Consulting and risk firms
- Lawyers and legal experts
- Professors, academics and journalists
- Innovators in the financial sector
Inclusive finance ecosystem is evolving rapidly and Africa’s banking & finance sector must adopt its business models.
- Barriers to access to financial inclusion- Is agency banking the solution?
- Regulatory and governance hurdles, challenges, changes.
- Financial technology solutions
- Dealing with local perceptions about banking and money
- FMCG, retailers, researches academics their role in Financial Inclusion?
- Client protection and credit reporting?
- Product offerings- Loan or savings? What does your client want?.
- Real Value Creation- or how will that look like for each of the stakeholder
- New technologies for new business model
- Shifting from financial education to financial capability
- Financial exclusion doesn’t mean you’re necessarily poor or live far from a bank- Rethinking Financial Inclusion.
- Lessons from the global arena- Asia and Middle East an Islamic Banking
It is expected that this forum will trigger practical, regional and national investments in initiatives that will support the adoption of structural and policy changes to facilitate financial inclusion for all. Workable and implementable plan of action will be initiated and we are therefore inviting all the stakeholders to ensure their representation at this event. In the long term, it is expected that the event will grow into an rotational regional event bringing together stakeholders from across the region and globe.
Structure of the event
As standard with the previous edition of this event, ABFC 2016 edition will be a combination of an experiential conference bringing together different actors in the value chain with the aim of exploiting opportunities most conducive for connecting people to banking and finance in the region.
Alongside the conference, there will be an exhibition platform where actors can showcase products and services. This exhibition will also function as an outstanding deal-making where local, regional and international investors can engage and evaluate promising investment opportunities. Interesting and investable business cases will be presented by various service providers.
- An open exhibition where service providers will exhibit their products and services. The exhibition will be open to visitors. Service providers will pay an exhibition fee in order to meet part of the event cost.
- Opening Ceremony – a senior ranking government official (preferably Central Bank Governor) will be targeted as the chief guest to preside over the opening ceremony.
- The experiential conference – the conference will provide a platform for actors in the banking & finance sector to engage in facilitated discussions. The discussions will mainly focus on opportunities for business as well as policy and emerging technologies in the banking & finance sector
- On the evening of the first day, a networking cocktail will be hosted to facilitate further interactions and deal making.
- The open exhibition and conference will run for the second day.
- The conference on the second day will involve presentation of technical papers on various thematic areas including policy, regional trade, governance, practices, etc
- A closing ceremony will be hosted