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BCEAO-World Bank Dakar Fintech Conference: challenges, opportunities and insights for developing countries

October 30-31, 2019

Dakar, Senegal

  • The World Bank and the BCEAO (central bank for the WAEMU - West African Economic and Monetary Union) jointly organized a two-day international conference on financial technology (Fintech) in Dakar (Senegal), on October 30-31, 2019.

    Fintech can help advance financial inclusion, financial sector development and more broadly the achievement of the sustainable development goals of ending poverty and shared prosperity. The gains from Fintech are particularly important for developing countries, as they offer an opportunity to address long standing constraints. However, there are risks and a need for balance

    The objective of the conference was to bring together regulators, supervisors, and central bankers along with relevant counterparts in public and private sectors to share their experiences and views to deepen the understanding in a few key fintech areas, such as Distributed Ledger Technology, alternative lending, crowdfunding, crypto-assets et central bank digital currency, as well as the regulatory and supervisory responses to Fintech and how to foster a partnership between public and private sector.

    The conference attendance was by invitation only.


    DAY 1

    08:30 – 08:45

    Registration of participants

    08:45 – 09:00

    Arrival of the authorities

    09:00 – 9:30


    Opening remarks by Mr. Governor, BCEAO & Mrs. Elisabeth Huybens, Regional Director Central and West Africa, Equitable Growth, Finance and Institutions Practice, World Bank Group

    09:30 – 9:45

    Event picture & coffee

    Session 1.  Distributed ledger technology & blockchain, from testing to using 

    09:45 – 11:15

    Moderator:  M. Bwaki Kwassi, Directeur Général des Opérations et des Systèmes de paiement, BCEAO

    ·         Jérôme Bernard, Talan - Presentation

    ·         Josip Kenjeric, European Central Bank, ECB innovation Lab - Presentation

    ·         Ahmed Mansour, Central Bank of Egypt - Presentation

    11:15 – 11:45


    Session 2.  Evolution of “Digital Credit”: alternative lending models

    11:45 – 13:00

    Moderator: Consolate Rusagara, Practice Manager, World Bank

    ·         Zainab Oumeryem, Bank Al-Maghrib, crowdfunding - Presentation

    ·         Mariachiara Malaguti, World Bank, digital lending in Europe - Presentation

    13:00 – 14:00


    Session 3. Crypto assets and Central Bank Digital Currency

    14:00 – 15:30

    Moderator:  Laurent Gonnet, Lead Financial Sector Specialist, World Bank

    ·         Björn Segendorff, Riksbank Sweden, the e-krona CBDC project - Presentation

    ·         Lara Kaplan, World Bank, crypto-assets

    15:30 – 16:00


    Session 4.  Regulatory and supervisory approaches to Fintech

    16:00 – 17:30

    Moderator:  Norbert Mumba, Directeur Exécutif Adjoint, AFI

    ·         Mariachiara Malaguti, World Bank

    ·         Matthew Saal, IFC - Presentation


    Closing of Day I

    DAY 2

    08:30 – 09:00

    Breakfast & coffee

    Session 5.   Fintech in Africa: challenges, opportunities, insights

    09:00 – 11:00

    Moderator:  M. Ousmane Samba Mamadou, Directeur Général de la Stabilité et de l'Inclusion Financière, BCEAO

    ·         M. Habib Thiam, Directeur de la Stabilité Financière, BCEAO - Presentation

    ·         M. Lionel YAO, Directeur Général de S-CASH PAYMENTS (Côte d'Ivoire) - Presentation

    ·         M. Bernie AKPORIAYE Directeur Général de MaTontine (Sénégal)

    ·         Sarah Zekri, World Bank, panorama des Fintech au Senegal - Presentation

    11:00 – 11:30


    Session 6. Developing a Fintech Ecosystem: Fostering partnership between regulators, banks, fintech companies and stakeholders -sandboxes & accelerators

    11:30 – 13:00

    Moderator: Dorothee Delort, PSDG, FCI, World Bank - Presentation

    ·         Matthew Saal, IFC, innovation labs and accelerators - Presentation

    ·         Lara Kaplan, World Bank, UK FCA sandbox - Presentation

    13:00 – 14:00


    Session 7.  « Deep dive » : Interactive exercice on sandbox

    14:00 – 15:30

    Animators:  Matthew Saal, Dorothee Delort, Sarah Zekri,  Mariachiara Malaguti, World Bank  - Presentation

    16:00 – 16:30

    Coffee break

    Session 8.  Governors roundtable

    16:30 – 17:30

    Moderator:  Mr. Governor, BEAC

    17:30 – 18:00

    Closing remarks, Governor of BCEAO