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The Mastercard Foundation recently announced that its fifth annual Symposium on Financial Inclusion (SoFI) will take place in Accra, Ghana, on November 7 – 9, 2017. The Symposium champions the idea that, to achieve greater financial inclusion, financial service providers in developing countries must do more to meet the needs and expectations of people living in poverty.

Each year since 2013 the Foundation has convened hundreds of industry professionals to focus on barriers to greater financial inclusion around the world. SoFI has been a platform where experts in the field gather to pave the way toward a more financially inclusive world. They exchange knowledge on a broad range of topics, including client centricity, technology, innovation, best practices, partnerships, and many more.

This year’s event will reflect on progress made over the past five years, explore challenges that still lie ahead, and plan how to expand and deepen financial inclusion for the world’s most underserved people.

“Creating a more financially inclusive world is a daunting task,” said Reeta Roy, President and CEO of the Mastercard Foundation. “Over the years, financial inclusion has increased as a priority for the international development community, as well as governments, business owners, and the clients they serve. After five years of gathering the brightest minds in the field to advance access and resources to modern financial products and services, we’ve made significant progress that will continue to make a difference in the lives of people. This year’s Symposium celebrates the progress made over these past five years and defines the work yet to be done.”

Attendees will hear from an impressive lineup of keynote speakers, including:

– Opening Keynote Address: Juliet Anammah, Chief Executive Officer, Jumia Nigeria
-Keynote Address II: Dr. Ernest Addison, Governor, Bank of Ghana

In addition to hearing from more than 30 other speakers at the Symposium, the Foundation will also award its 2017 Clients at the Centre Prize. This is a US$150,000 award that recognizes an organization most focused on client centricity to enable poor people in developing countries access to formal financial products and services. Finalists competing for the grand prize will present their business models to an audience of approximately 400 industry professionals, who will be tasked with voting for the winner.

The Mastercard Foundation first awarded the Clients at the Centre Prize in 2015 to the Swedish mobile microinsurance firm BIMA. Last year, the Prize was presented to the South African international remittance company, Hello Paisa. Each year draws nearly 100 applicants from companies around the globe. The three 2017 finalists are:

– Jumo,; a large-scale, low-cost financial services marketplace that uses behavioral data from mobile usage to create financial identities for micro, small, and medium-sized enterprises;
– ftCash, one of India’s fastest growing financial technology ventures which aims to empower micro-merchants and small businesses with the power of digital payments and loans; and
– Destacame, a free online platform that empowers users by giving them control over their data to build their financial capabilities and to access financial products.

To learn more, visit the Mastercard Foundation’s Symposium on Financial Inclusion website. Follow the conversation with the Foundation on Twitter @MastercardFdn and via the event hashtag, #SOFI2017.

 

Kenneth Omeruo
Omeruo Ndukaku Kenneth is an Innovation Management expert,the CEO of Emerging Media,a new media company.He is a member of ISPIM - International Society for Professional Innovation Management and the US-Africa chamber of Commerce.He is the Founder of TechTrends Nigeria Blog,Nigeria Innovation Summit and the African Innovation Academy.Kenneth is a highly sought-after Internet Marketing Consultant who has through his seminars, articles, training and consulting, helped many organizations, Individuals, Businesses maximize the Internet for business purposes.Kenneth has also being featured as a guest on the TV show TODAY ON STV Nigeria and on Bloomberg Africa TV.He is the author of the best –selling Internet Book: How To Create Unlimited Internet Wealth. He is a syndicated columnist with the following Newspapers in Nigeria: Daily Independent, Financial Standard, PUNCH, BusinessDay, and Sun.Kenneth organises the EduNet Conference for Universities in Nigeria. Kenneth is a member of Institute of Software Practitioners of Nigeria( ISPON ) Roundtable For Capacity Development in Nigeria,member pre-selection committee for Nigeria at the UN World Summit Awards,a Panelist for Youth Enterprise With Innovation in Nigeria(YouWIN)-a Federal government initiative created by the ministry of finance,supported by ministries of Communications Technology,Youth Development,Worldbank and DFID. A 2013 Judge at the Google Cloud Developers Challenge for Sub Saharan Africa.He has been a contributing editor of Nigeria Communications Week,Africa Telecom and IT Business Magazine,ICT Today magazine,M2 magazine.Kenneth has been invited to the Commonwealth Telecommunications Organisation Forum, Oracle Open World Conference USA, Oracle Cloud World Dubai, and GITEX Dubai. He now lives in New York with his family and presently working on an Open Innovation project for Nigeria. You can contact Kenneth through email: (kenneth (at)techtrendsng.com) Facebook:www.facebook.com/Kenneth.omeruo On Twitter:www.twitter.com/kennethomeruo Skpe:Kenneth.Omeruo

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