Mojaloop Foundation To Explore Data Sovereignty At Singapore Fintech Festival 2023

KUALA LUMPUR, Nov 8 (Bernama) -- The Mojaloop Foundation announced its participation in a Singapore Fintech Festival 2023 panel discussion, taking place on Nov 15, which is open to all attendees.

Titled Empowering Emerging Nations in Achieving Data Sovereignty and Financial Inclusion, the session will be moderated by Mojaloop Foundation Executive Director, Paula Hunter and will include panellists from the Bill & Melinda Gates Foundation and the Monetary Authority of Singapore (MAS).

Panellists include Bill & Melinda Gates Foundation Deputy Director Financial Services for the Poor, Kosta Peric; and MAS Chief FinTech Officer, Sopnendu Mohanty.

Hunter said the integration of 1.4 billion financially excluded individuals into the digital economy hinges on the development of interoperable, instant payment systems that unite entire populations.

“During the panel discussion, we will tackle the complexities of creating resilient digital sovereignty frameworks alongside the development of payment systems that improve financial inclusion, accessibility, and security.

“By delving into cooperative strategies, technological innovations, and open source frameworks, we can propel financial inclusion through payment systems that empower both digital sovereignty and universal access to financial services,” she said in a statement.

The session will examine the rising apprehension concerning digital sovereignty and the potential for digital and data colonialism in emerging economies across Africa and Asia as they work to bring digital financial services to all.

Operates as a charitable nonprofit organisation, Mojaloop Foundation’s mission is to increase financial inclusion by empowering organisations creating interoperable payment systems to enable digital financial services for all.

-- BERNAMA