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29 days until GFRID 2018 
 
Key Dates:
9 April: Registration Closes
23 April: Extended Registration Closes
8 – 10 May: GFRID 2018
 
If you have already registered, thank you.
We look forward to seeing you in Kuala Lumpur!
BLOCKCHAIN TECHNOLOGY: AN OPPORTUNITY FOR FINANCIAL INCLUSION, SAYS INDUSTRY EXPERT OLIVIA CHOW

Money Services Business (MSB) stakeholders regard blockchain technology with a range of sentiments, from cautious acceptance to impassioned rejection. Concerns about the technology and cryptocurrencies stemming from it – from fluctuating value to compliance and risk issues – abound. However, Olivia Chow (pictured right), founder and CEO of Yokip Consulting, blockchain expert and GFRID 2018 RemTech Awards co-chair, says blockchain technology presents an opportunity for innovative and collaborative servicesOlivia Chow says blockchain presents opportunity for financial inclusion

Applied to remittances, blockchain allows cross-border remittances among registered individuals or businesses without bank settlement and clearing systems. According to Chow, the risk associated with the price volatility of crypto-currency is mitigated because, “in money transfers, [crypto-currencies] are only used for settlement and are immediately sold once they are bought,” she says.
Asia-Pacific is at the forefront on blockchain-driven services. Although use cases and pilot blockchain initiatives are primarily driven to streamline the transaction process for the portion of remittances services the customer does not see, when compared with other technologies, blockchain-driven services address challenges with settlement and foreign exchange between sending and receiving MTOs. This serves the dual purpose of assisting banks with real or perceived challenges associated with de-risking and allows remittances senders and receivers more efficient and competitive services.

“Cryptocurrencies and blockchain technology provide a way for those outside banking institutions to develop competing infrastructure that can hold traditional systems accountable and provide alternatives,” Chow says, citing fair crypto regulation in the Philippines as a positive trend in the region for mainstream adoption.
 

 
GFRID 2018 participants will have an opportunity to utilize blockchain technology in an interactive poll that will begin 20 April and close 8 May before the RemTech Awards ceremony at 17:30. Using blockchain technology to anonymously cast, verify and audit votes, participants will decide the Industry Choice Award recipient. Read more about the RemTech awards on the RemTech website and attend GFRID 2018 to join the conversation on blockchain and leveraging remittances for development.

GFRID 2017 Marketplace, United Nations Headquarters, New York (USA)

THE REMITTANCE MARKETPLACE – FULLY BOOKED!

We are pleased to announce that all of the Remittances Marketplace exhibitor spaces have been filled! Running in parallel to the Forum, the Remittance Marketplace will offer a unique platform for the exchange of views and ideas, addressing challenges and opportunities, as well as an occasion to meet and network.

The Remittance Marketplace will see the participation of 21 private-sector entities, including, but not limited to: Democrance, Developing Markets Associates (DMA),  IAMTN, the Malaysian Association of Money Services Business (MAMSB) and Western Union. Exhibitors will showcase their latest products and innovations to all forum participants, in addition to public sector entities and others. Read more about the Remittance Marketplace on the forum agenda.
THE INTERNATIONAL DAY OF FAMILY REMITTANCES
 
GFRID 2018 acknowledges the forthcoming International Day of Family Remittances (IDFR), celebrated every year on 16 June, aimed at recognizing the significant financial contribution migrant workers make to the wellbeing of their families back home and to the sustainable development of their countries of origin. Find more information about the IFDR in this video.

 
 
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The Forum Workshops
The GFRID 2018 Asia-Pacific will showcase four interactive workshops: 
  1. Social impact investment meets diaspora investment in rural areas: Untapped opportunities
  2. Blockchain and remittances: the new market strategies within reach?
  3.  Financial inclusion and mobile solutions
  4.  Regulation and supervision of money service: The Malaysian experience

REGULATION AND SUPERVISION OF MONEY SERVICE: THE MALAYSIAN EXPERIENCE
Malaysia’s money services business (MSB) transformation has been a long but rewarding journey, driven by a roadmap that oversees its transition from registration to licensing regime (through an arduous process of industry restructuring and consolidation), regulatory and supervisory reform and establishment of strong industry associations. Successful transformation builds MSB industry’s resilience to ride the wave of digitalization, but to ensure its sustainability it may call on for another policy and supervisory reform, leading to a variety of questions: How ready are regulators to adapt its policy in pace with technological changes? What data-driven solutions make it possible to better monitor and regulate digitized processes?

Through this workshop, we aim to develop a constructive solution for issues faced by regulators in managing digital and national money laundering and terrorist financing (ML/TF) risk, while balancing the need for the industry to grow.

Read more about the forum workshops offerings on the GFRID 2018 Agenda.

Are you making logistical arrangements for the GFRID 2018?
Find the information note here.
For further information, please contact us at: 

registrations@gfrid2018.org | info@gfrid2018.org
Kuala Lumpur office: +603-2691-6545 | Rome office: +39-06-5459-5066
 
 
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