The promise of fintech: Financial inclusion in the post COVID-19 era

Thursday 08 July 2021 | 17:00 - 18:00 | Webinar

 This event has been organised by CFA UK's Investment Studies working group.

Technology is changing the landscape of the financial sector, increasing access to financial services in profound ways.

In this global study The Promise of Fintech: Financial Inclusion in the Post COVID-19 Era, carried by the IMF, it documents recent developments in digital financial inclusion, the factors driving these trends, and the risks to financial inclusion as fintech accelerates. Introducing a new index of digital financial inclusion, this paper shows that digital finance is increasing financial inclusion and is associated with higher GDP growth.

In this session, author Ratna Sahay will discuss findings that suggest that digital financial inclusion could play an important role in mitigating the economic and social impact of the ongoing COVID-19 crisis. She will address how these potentials cannot be taken for granted, as the pandemic could accelerate pre-existing risks of financial exclusion, and give rise to new risks to the fintech sector itself.

Where recordings are made, these are a member benefit that are accessed through the member-only platform, CFA UK Discover.


Registration: 16:55

Event: 17:00 - 18:00

CPD points: 1.00


Ratna Sahay, Senior Advisor to the Managing Director, IMF

Ratna Sahay is Senior Advisor to the Managing Director at the International Monetary Fund (IMF). She leads key policy papers and projects in the areas of monetary policy, exchange rate policy, capital account, financial development, financial inclusion, and gender and finance.

Ratna is also responsible for bilateral surveillance support to area departments. Her recent projects include analytical work on unconventional monetary policy and global spillovers, capital flows, financial deepening, financial inclusion, and gender and finance.

She has published widely in leading journals on monetary policy and financial sector, including financial market spillovers and financial crises, inflation, economic growth, fiscal policy and debt sustainability, and transition economies. She has taught at Delhi University, Columbia University, and New York University and holds a Ph.D. in economics from New York University, New York.

Sumiko Ogawa, Senior Economist, Macrofinancial Surveillance

Sumiko Ogawa is Senior Economist at Macrofinancial Surveillance and Review Division in the monetary and capital markets department of the international monetary fund (IMF). Sumiko joined the IMF in 2009, and has worked on countries in Latin America and the Caribbean, Asia, and Europe.

Her recent analytical work includes those in the area of fintech and financial inclusion, corporate vulnerabilities, and systemic risk assessment. Prior to joining the IMF, she worked at the IMF’s regional office in Tokyo, and at Merrill Lynch and JPMorgan in Tokyo. She has M.A. in iternational relations from the University of Tokyo.

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