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VERSION:2.0
PRODID:unctad.org
BEGIN:VEVENT
UID:6a7abeb088aba
DTSTART:20231127T090000Z
SEQUENCE:0
TRANSP:OPAQUE
DTEND:20231127T170000Z
LOCATION:Online and Geneva \, Switzerland
SUMMARY:Ad Hoc Expert Meeting on Financial Consumer Protection 
CLASS:PUBLIC
DESCRIPTION:The digitalization of financial services has greatly expanded a
 ccessibility\, offering convenient and swift solutions for consumers. Howe
 ver\, this transformation also brings forth a set of challenges\, includin
 g digital illiteracy\, particularly among elderly individuals and migrants
 \, as well as the prevalence of deceptive and fraudulent practices.\n\nThe
  meeting will focus on three critical areas:\n\n\nThe opportunities and ch
 allenges within fintech.\nThe impact of remittances on development.\nThe r
 ole of behavioural economics in the financial sector.\n \n\n\nDistinguish
 ed panel discussions will assemble policymakers\, business leaders\, and r
 epresentatives from international organizations.\n\nThe aim is to foster c
 ooperation in consumer protection\, collaborative efforts to mitigate digi
 tal illiteracy\, and enhance digital financial literacy\, all while recogn
 izing the advantages of inclusivity within the digital financial landscape
 .\n\nQuestions for discussion:\n\n\nHow can financial and consumer protect
 ion institutions address challenges posed by digitization\, including frau
 d\, security\, and complex financial products\, while attending the needs 
 of digitally vulnerable groups?\n \nHow can businesses and policymakers w
 ork together to reduce the gender gap in digital literacy and enhance digi
 tal financial literacy among women and marginalized communities? What are 
 the major consumer protection issues in the remittances sector today?\n \
 nHow can policymakers and experts harness the significant impact of remitt
 ances\, essential for households in low and middle-income countries\, to c
 raft more effective poverty reduction strategies?\n \nHow can behavioral 
 economics be used to improve consumer protection in financial services?\n
  \n\n&lt\;p&gt\;The digitalization of financial services has greatly expa
 nded accessibility\, offering convenient and swift solutions for consumers
 . However\, this transformation also brings forth a set of challenges\, in
 cluding digital illiteracy\, particularly among elderly individuals and mi
 grants\, as well as the prevalence of deceptive and fraudulent practices.&
 lt\;/p&gt\;\n\n&lt\;p&gt\;The meeting will focus on three critical areas:&
 lt\;/p&gt\;\n\n&lt\;ol&gt\;\n&lt\;li&gt\;The opportunities and challenges 
 within fintech.&lt\;/li&gt\;\n&lt\;li&gt\;The impact of remittances on dev
 elopment.&lt\;/li&gt\;\n&lt\;li&gt\;The role of behavioural economics in t
 he financial sector.&lt\;br /&gt\;\n&amp\;nbsp\;&lt\;/li&gt\;\n&lt\;/ol&gt
 \;\n\n&lt\;p&gt\;Distinguished panel discussions will assemble policymaker
 s\, business leaders\, and representatives from international organization
 s.&lt\;/p&gt\;\n\n&lt\;p&gt\;The aim is to foster cooperation in consumer 
 protection\, collaborative efforts to mitigate digital illiteracy\, and en
 hance digital financial literacy\, all while recognizing the advantages of
  inclusivity within the digital financial landscape.&lt\;/p&gt\;\n\n&lt\;h
 4&gt\;Questions for discussion:&lt\;/h4&gt\;\n\n&lt\;ul&gt\;\n&lt\;li&gt\;
 How can financial and consumer protection institutions address challenges 
 posed by digitization\, including fraud\, security\, and complex financial
  products\, while attending the needs of digitally vulnerable groups?&lt\;
 br /&gt\;\n&amp\;nbsp\;&lt\;/li&gt\;\n&lt\;li&gt\;How can businesses and p
 olicymakers work together to reduce the gender gap in digital literacy and
  enhance digital financial literacy among women and marginalized communiti
 es? What are the major consumer protection issues in the remittances secto
 r today?&lt\;br /&gt\;\n&amp\;nbsp\;&lt\;/li&gt\;\n&lt\;li&gt\;How can pol
 icymakers and experts harness the significant impact of remittances\, esse
 ntial for households in low and middle-income countries\, to craft more ef
 fective poverty reduction strategies?&lt\;br /&gt\;\n&amp\;nbsp\;&lt\;/li&
 gt\;\n&lt\;li&gt\;How can behavioral economics be used to improve consumer
  protection in financial services?&lt\;br /&gt\;\n&amp\;nbsp\;&lt\;/li&gt\
 ;\n&lt\;/ul&gt\;\n\n\nView meeting on unctad.org\nhttps://unctad.org/node/
 43061
DTSTAMP:20260811T061824Z
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