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Shah A Sarwar – MD of IFIC Bank -
Bangladesh
Banking the Unbanked
What’s happening today?
OUTLINE FOR TODAY’S DISCUSSION
Introductions Financial Inclusion Discuss, engage, connect
Welcome Engage Build community
1 2 3
UN sustainable development goals 2030
Financial Inclusion addresses goal 1 of the sustainable development goals 2030
17 Global goals
169 targets
1 planet
No plan B as
there is no
planet B!
Business case: what some experts say
“Distributed ledger technology
could reduce banks’
infrastructure costs attributable
to cross-border payments,
securities trading and
regulatory compliance by
between $15-20 billion per
annum by 2022”
Banks, venture capitalists and foundations all agree on the size of the business case
2 billion new minds entering
the economy – what would
they spend their money on,
how would access to capital
change their lives and what
kind of opportunity does this
present?
Mobile is eating the world –
Andreessen Horowitz. Phones
have the scale that’s unique in
tech. The first tech product to
be bought by almost everyone
on earth every 2-3 years
Who’s making the soup
VodafoneMisys Blockchain
Who do we have in the room
HP
Innovation themes at play in the industry
Who do we have in the room
Innovation
Hackathons
Acceler
ators
Partner
ships
Process
Culture
Innovatio
n days
Co-
innovation
Labs
Stone soup
Apply accelerating technologies to world problems
How to make Stone Soup
Result
onnection
onversation
Building a community and ecosystem
What are the possibilities from here?
ommunityC
C
C
See you at the next talk!
Over to Shah!
11
Confidential
12
Confidential
Creating Viable, Beneficial & Compliant
Banking for the Unbanked of Bangladesh
Presented by
Shah A Sarwar
Managing Director & CEO
IFIC Bank Limited
Aspirations of a nation – modernisation
Infrastructure projects are underway
Typical school journey –
modernisation underway
80% of the GDP is derived from
the textile industry
How do you reach the unbanked?
1. On-boarding
and kyc
Challenges with the banking system
2. Digital transfer
of wages
Challenges with the banking system
3. How to connect the
bank’s customer’s
customer with the
bank?
Challenges with the banking system
What happens if your child is sick?
Currently majority of unbanked do not have
a savings or insurance plan
Unbanked can benefit from PFM
Thank you
Fusion unplugged series:'Banking the Unbanked' IFIC bank - 20170324-01

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Fusion unplugged series:'Banking the Unbanked' IFIC bank - 20170324-01

  • 1. Shah A Sarwar – MD of IFIC Bank - Bangladesh Banking the Unbanked
  • 2. What’s happening today? OUTLINE FOR TODAY’S DISCUSSION Introductions Financial Inclusion Discuss, engage, connect Welcome Engage Build community 1 2 3
  • 3. UN sustainable development goals 2030 Financial Inclusion addresses goal 1 of the sustainable development goals 2030 17 Global goals 169 targets 1 planet No plan B as there is no planet B!
  • 4. Business case: what some experts say “Distributed ledger technology could reduce banks’ infrastructure costs attributable to cross-border payments, securities trading and regulatory compliance by between $15-20 billion per annum by 2022” Banks, venture capitalists and foundations all agree on the size of the business case 2 billion new minds entering the economy – what would they spend their money on, how would access to capital change their lives and what kind of opportunity does this present? Mobile is eating the world – Andreessen Horowitz. Phones have the scale that’s unique in tech. The first tech product to be bought by almost everyone on earth every 2-3 years
  • 5. Who’s making the soup VodafoneMisys Blockchain Who do we have in the room HP
  • 6. Innovation themes at play in the industry Who do we have in the room Innovation Hackathons Acceler ators Partner ships Process Culture Innovatio n days Co- innovation Labs
  • 7. Stone soup Apply accelerating technologies to world problems How to make Stone Soup
  • 9. onnection onversation Building a community and ecosystem What are the possibilities from here? ommunityC C C
  • 10. See you at the next talk! Over to Shah!
  • 12. 12 Confidential Creating Viable, Beneficial & Compliant Banking for the Unbanked of Bangladesh Presented by Shah A Sarwar Managing Director & CEO IFIC Bank Limited
  • 13. Aspirations of a nation – modernisation
  • 15. Typical school journey – modernisation underway
  • 16. 80% of the GDP is derived from the textile industry
  • 17. How do you reach the unbanked?
  • 18. 1. On-boarding and kyc Challenges with the banking system
  • 19. 2. Digital transfer of wages Challenges with the banking system
  • 20. 3. How to connect the bank’s customer’s customer with the bank? Challenges with the banking system
  • 21. What happens if your child is sick? Currently majority of unbanked do not have a savings or insurance plan Unbanked can benefit from PFM
  • 22.