The course is designed to provide practical and comprehensive learning experience to facilitate building of a framework for effective supervision to promote digital financial inclusion. Digital financial inclusion is defined as the use of digital financial services (DFS) to advance financial inclusion.
The essential components of digital financial inclusion are:
While this course is primarily dealing with supervisory issues, it will also cover issues of regulation of DFS to the extent that the regulation in a specific country determines the scope and authority to supervise. The course will not, however, provide advice on how to create an enabling regulatory environment for DFS.
The course is expected to help build the knowledge necessary to promote and implement the key regulatory objectives of financial inclusion, stability, integrity, and consumer protection (also referred to as I-SIP objectives) by striking a balance between providing digital financial services to the unbanked/underserved population and sound regulatory/supervisory activities. The I-SIP approach will be used as a guiding principle throughout all sessions.
The course is aimed at regulatory and supervisory authorities responsible for regulation and supervision of DFS providers such as central banks, single supervisory authorities, ministries of finance etc. The course is particularly (but not exclusively) relevant to departments/units in charge of banking supervision, payment systems, consumer protection and AML/CFT.
The faculty of speakers will comprise of technical experts from the Toronto Centre, CGAP and other international organizations, as well as central banks in the region. They will be conducting the program in English.