Kigali is set to host the second edition of the Inclusive Fintech Forum –a global gathering that seeks to drive economic inclusivity through the sustainable development of financial technologies, slated for August 26 to 27.

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The forum, organized by Kigali International Financial Centre (KIFC), Singapore’s Elevandi and the National Bank of Rwanda (NBR), is expected to attract 1,000 participants including Heads of State, global regulators, policymakers, decision-makers, founders, and investors, among others.

Themed "Empowering Economic Inclusion Through Accelerated Technology Adoption," the forum aims to harness FinTech's potential in promoting economic inclusion and driving sustainable development.

This will be through high-level dialogue exploring the potential of technology in financial services and panel discussion on digital currencies, digital public goods, AI in finance, and the future of banking.

It is also expected to feature pitching sessions for Fintech startups as well as exhibitions and showcases of the latest FinTech innovations designed to expand financial access around the globe, tailored to meet the needs of underserved populations.

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Nick Barigye, the Chief Executive Officer of Rwanda Finance Ltd, the agency mandated to promote the Kigali International Financial Centre, said the event is pivotal for Rwanda and the continent, standing as a testament to Kigali's growing significance as a hub for FinTech innovation and investment.

He said: "By leveraging cutting-edge technology, we can create sustainable and inclusive financial ecosystems that empower individuals and businesses.

"FinTech not only revolutionizes economic inclusion but also enhances the competitiveness and resilience of International Financial Centres, fostering global collaboration and innovation in financial services."

Given that this is the second edition, John Rwangombwa, the Governor of NBR, said it is imperative to recognize the transformative power of FinTech in enhancing financial inclusion across Rwanda, Africa, and beyond.

Rwangombwa said: "This forum not only aligns with our national agenda to modernize financial services but also catalyzes international collaboration. By bringing together global and local stakeholders, we pave the way for innovative solutions that will ensure sustainable and inclusive economic growth and prosperity for all.”

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The officials assert that Inclusive FinTech Forum 2024 aims to bridge the financial gap and provide a pathway to sustainable and inclusive economic prosperity.

Sopnendu Mohanty, the Chief FinTech Officer of the Monetary Authority of Singapore and Chairman of Elevandi Board, is of the view that it will encourage meaningful discussions about inclusion, impact, and prosperity, paving the way for a more comprehensive financial future.

Mohanty said: "By promoting dialogue around inclusion and effect, we can bridge the gap and unleash the true potential of FinTech for everyone.”

He noted that the ideas from the forum will inform conversations across other Elevandi platforms including the Singapore FinTech Festival, Japan FinTech Festival, 3i Summit, and Point Zero Forum.

The forum serves as a platform for promoting technology and policies that enable FinTech development to become equitable, accessible, and sustainable for everybody in the world.