Inclusive Innovation Strategy and Implementation to Improve Migrant Remittances for Bangladesh

Webinar
17 October 2022
Zoom

The webinar explored the state of migrant-centric, gender-responsive remittances and financial services in Bangladesh, coinciding with the publication of the Inclusive Innovation Country Assessment report for Bangladesh. The presentation was a culmination of an extensive research and consultation process involving stakeholder interviews, secondary research, and collaborations with the private sector for a comprehensive understanding of the commercial viability and inclusivity of remittance-related innovations.The webinar was meant to inform the financial sector about interventions to enable inclusive innovation across the key components of the remittance value chain and how to offer financial products and services that are trusted and valued by migrants and their families, helping further deepen the financial sector in Bangladesh.

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Event Start Date/Time: 2022-10-17 00:00:00
Event End Date/Time: 2022-10-17 00:00:00
Event Status: past_event
Calendar Start Date: 2022-10-17
Calendar Start Time: 00:00
Calendar End Date: 2022-10-17
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Building on the Migrant Money experience over the last few years, UNCDF and Haskè Conseil have developed a migrant-centric and gender-responsive Framework to guide the inclusive innovation strategies of Remittance Service Providers (RSPs). The framework provides a template for assessing the remittance ecosystem and value-chain in a particular country; a ‘how to’ guide to inclusive innovation within the specific context of digital remittances and remittance-linked financial products; and a template for drafting country-specific roadmaps for leveraging innovation in the remittance ecosystem through financial and technical support. The framework has been applied in four countries to create country-specific strategies for Bangladesh, Ethiopia, Nepal, and Senegal.  

This webinar is part of a four-part webinar series and will explore the state of migrant-centric, gender-responsive remittances and financial services in Bangladesh, and shall coincide with the publication of the Inclusive Innovation Country Assessment for Bangladesh. The findings from the report will inform the financial sector about interventions to enable inclusive innovation across the key components of the remittances value-chain and how to offer financial products and services that are trusted and valued by migrants and their families, helping further deepen the financial sector in Bangladesh. 

The webinar will offer a common platform and present an opportunity for all key stakeholders to come together and deliberate upon, in light of the Inclusive Innovation Framework, the following: 

  1. What are some of the key areas of interest/concern, with respect to remittances and linked financial products, that can be addressed by leveraging the Inclusive Innovation Framework? 
  2. What are some of the specific recommendations, from the Bangladesh Country Assessment Report, that can be driven by the private sector financial services players in the country with an objective to deliver impact in 6-9 months?  
  3. What is the nature and required level of support required from the regulator, Bangladesh Bank, to help the private sector achieve the above?  

Speakers

H.E. Nathalie Chuard

Ambassador of Switzerland to Bangladesh

Dr. Ahmed Saleheen

Secretary, Ministry of Expatriates’ Welfare and Overseas Employment, Govt. of Bangladesh

Mohd. Humayun Kabir

Executive Director, Bangladesh Bank

M. Sabbir Hossain

Deputy Managing Director and Chief Operating Officer, BRAC Bank Limited

Dr. Ananya Raihan

Chief Executive Officer, iSocial Limited

Event Media

The Bangladesh Country Assessment report

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