On November 12, IPA hosted a parallel session at the 59th Philippine Economics Society Conference (virtual) at 8:30-10 AM PHT.

Administrative data such as payment transactions or borrower records are detailed and inexpensive, making it an increasingly popular monitoring tool for regulators and financial institutions.But once you have the data, how do you use it to understand the experiences and challenges of real-life consumers and provide insights into your consumer protection policies? IPA has worked with regulators to put a human face on financial services data across several markets.

The forces shaping the future of inclusive finances are clear—the starring role of consumer digital data, a revamped definition of banking under embedded finance, the advent of multifaceted regulatory frameworks such as open-banking and data protection—all amidst developing economies that are grappling with climate change, the changing nature of work and recovering from the COVID-19 pandemic.