ICT4D in Africa
FinTech and Regulatory Environment for Financial Inclusion

To commemorate international Africa day, research and consultancy centre “AfriKo” in cooperation with the Lithuania‘sMinistry of Foreign Affairs, the Bank of Lithuania, ICT sector association “INFOBALT” and Rise Vilnius is extending its invitation to an international conference about FinTech and financial inclusion in Africa, challenges and opportunities in this field.

Topics to be covered: The Impact of FinTech for financial inclusion in Africa – international development agenda and business opportunities for FinTech companies; needs and challenges in the market; importance of regulatory environment and financial education; the role of the private sector in the EU development policy.

Date: 9:00 – 13:30, May 24, 2017. (Registration starts from 8:30. Please have your identification document with you).

Location: The Ministry of Foreign Affairs of the Republic of Lithuania (J. Tumo-Vaižganto str. 2, Vilnius, Lithuania)

Speakers: The conference will consist of two panels: during the first one speakers from the European Commission, Center for Financial Inclusion ACCION, Central Banks in Africa and Lithuania will discuss the trends in the international development agenda directed towards financial inclusion, the importance of regulatory environment as well as the role of central banks; the second panel will invite representatives of FinTech businesses (global, Lithuanian and from African countries) that are already operating in Africa to share their experiences on what it means to start a company in this field, what are the needs and challenges on the ground.

Organizers: AfriKo partnering with the Ministry of Foreign Affairs of the Republic of Lithuania, ICT sector association “INFOBALT” and the Bank of Lithuania.

Parallel B2B, B2G and G2G meetings with the speakers will be organized the day before and after the event.

Background of the Event

Lithuania has recently declared its ambition to become a FinTech leader in the Central Europe, as country’s ICT sector and infrastructure is developing rapidly, a number of international centres for IT technologies and services is continuously increasing, and financial market participants are showing great interest in this field. Though Lithuania has good pre-conditions for becoming a FinTech hub, the consumer market is rather small here and the need to better understand opportunities abroad (especially in the emerging markets) should be acknowledged.

Demand for FinTech solutions in the emerging markets, African countries among them, is rather high for a number of reasons. Not only they are known for high levels of unbanked populations, but also access to finance – or financial inclusion – is one of the top priorities in the agenda of international development. This creates supportive environment and provides with potential funding opportunities from international development bodies. With recent advancements in technology and digitization of financial services, increasing financial inclusion seems ever more possible, since digital platforms offer the opportunity to reduce costs of transactions and rapidly scale up access to financial services using mobile phones, retail point of sales, and other broadly available access points, when supported by an appropriate consumer protection framework.

The detailed program can be found here: goo.gl/vyS2fx

The event is free to attend upon registration: https://www.eventbrite.com/e/ict4d-fintech-for-financial-inclusion-in-africa-tickets-34081305101

Registration is open until May 23, 2:00 pm.

For more information contact info@afriko.lt