Do You Need a Bank to be 'Banked'?

The Role of Technology in Bringing Financial Services to the Unserved Two Billion

Chatham House, London


Organized on behalf of the Department for International Development

More than two billion people in developing countries have no access to financial services such as bank accounts, formal credit or remittances. This acts as a constraint on economic growth by reducing the ability of poor people to decrease their vulnerability, improve their incomes and pay for health care and education.

The UK's Secretary of State for International Development, Rt Hon Douglas Alexander MP, will speak about the role of innovation and new technologies like mobile banking in delivering financial services to poor people. He will launch a new programme, Facilitating Access to financial Services through Technology (FAST), a UK initiative which will support the testing of these new technologies and facilitate the development of infrastructure and the regulatory frameworks that can dramatically reduce the cost of delivering financial services. He will challenge industry and regulators to deliver financial services cheaply and safely to unserved clients in hard to reach areas.

The keynote speech will be followed by a panel discussion, which will be held under the Chatham House Rule.

Keynote speaker

Rt Hon Douglas Alexander MP
Secretary of State for International Development, UK


Robert Annibale
Global Head of Microfinance

Nick Hughes
Global Head, International Mobile Payment Solutions

Alexia Latortue
Senior Microfinance Specialist

Alastair Lukies
Chief Executive Officer and Co-founder
Monitise plc

Brian Pomeroy
Payments Council

Chair and moderator

Professor Tim Unwin
Royal Holloway, University of London

The event will be followed by a drinks reception hosted by the Department for International Development.