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CONSENT, CONVERGENCE AND DATA PROTECTION: CORNERSTONES FOR THE SUCCESS OF INCLUSIVE OPEN FINANCE
Nigeria, Sahamati from India, Payments Solved, Jordan Payments and Clearing Company (JoPACC), Financial Sector Conduct Authority of South Africa as well as AFI member institutions, Bangko Sentral Ng Pilipinas (BSP) and Superintendency of Banking, Insurance and Private Pension Fund Administrators, Peru (SBS Peru).
84
Overall, the dialogue gathered 84 participants representing 34 AFI member institutions from which women comprised 48 percent of participants.
41%
The MT was attended by 54 policymakers from 27 institutions and 25 countries; women comprised 41 percent of the participants.
SIGNING OF MoU WITH EBRD The dialogue also facilitated the launch of a partnership between the European Bank for Reconstruction and Development (EBRD) and AFI. Both the institutions signed a memorandum of understanding on 26 October 2021 to accelerate women’s financial inclusion by improving access to and increasing usage of quality financial services in the Eastern Europe and Central Asia (EECA) region. These include: > integration of gender dimensions into financial inclusion agendas and frameworks > providing support to AFI members in establishing sex-disaggregated data collection and reporting The event concluded with a virtual exchange of signed documents between the AFI Head of Gender Inclusive Finance and the EBRD representative. The dialogue paper summarizes the main points of the discussions and elaborates on the exchanges between speakers and members during the GFD and MT. It showcases countries leading the way in open finance adoption; the role of policies, regulation, and market incentives to enhance open data ecosystems; critical requirements for open finance innovations; data protection and governance insights; opportunities, challenges, and lessons learned in building an inclusive open finance framework.
