MICROFINANCE EVENT: Arab #FinTex Symposium; December 12-13, 2018; Abu Dhabi, UAE

The Arab #FinTex Symposium 2018 will address how financial technology (fintech) solutions such as blockchain mechanisms can increase financial inclusion and economic development in the Arab region. This event, presented by the Financial Inclusion for the Arab Region Initiative (FIARI), is co-hosted by the Central Bank of the UAE, the UAE-based Arab Monetary Fund, Germany’s Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, the Malaysia-based Alliance for Financial Inclusion (AFI) and the World Bank. The plenary topics include (1) Blockchain & Crypto-assets Benchmarking – Opportunities & Challenges for Financial Inclusion; (2) Digital Identity; (3) The Blockchain – Hype vs. Reality for Digital Financial Transformation?; and (4) RegTech & SupTech Opportunities to Strengthen FinTech for Financial Inclusion in the Arab World.

Background on Organizers:

FIARI was formed by the Arab Monetary Fund, GIZ and AFI in 2017 with the goal of building and enhancing policies that support financial inclusion in the Arab region.

The Arab Monetary Fund was founded in 1976 with the mission of encouraging economic development in Arab countries. It is headquartered in Abu Dhabi, UAE, and has 22 member countries. As of 2016, the fund has extended AAD 104 million (USD 420 million) to its borrowing member countries.

Founded in 1975, GIZ is an agency of the German government that seeks to promote sustainable development by providing financial-advisory and related services. For the fiscal year 2017, GIZ conducted business valued at EUR 2.6 billion (USD 2.9 billion), with approximately 19,000 employees in 120 countries.

AFI is a network of 69 central banks and regulators in developing countries. Its goal is to increase the accessibility of financial services. For the year ending December 2017, AFI had total assets of USD 7.6 million.

Event Website: http://www.fiari.org/arabfintex/

Registration: This event is open by invitation only.

For additional information, you may contact the organizers at +962 (0)79 95 80 405 or arabfintex[at]fiari.org.

By Anuhya Tadepalli, Research Associate

Sources and Additional Resources

Event agenda (draft)
https://www.dropbox.com/s/v68unjbd2ngtrkj/20181017%20DRAFT%20AGENDA%20Arab%20FinTex%20V4-2%20CLEAN.pdf

Central Bank of UAE
https://www.centralbank.ae/en/

Arab Monetary Fund
https://www.amf.org.ae/en

Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH
https://www.giz.de/en/html/index.html

Alliance for Financial Inclusion
https://www.afi-global.org/

World Bank Group
https://www.worldbank.org/

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