The Philippines, South Korea and several other countries have already demonstrated the enormous potential of mobile phone banking for expanding access to financial services. But how can these success stories be replicated in other markets, especially in developing countries where cell phone penetration is huge but where the regulatory and market environments are often very different? What lessons can be learned? What are the challenges and opportunities?
Drawing on the experiences of panelists from countries that have pioneered mobile phone banking, including Korea, the Philippines and Sri Lanka, our break-out session will address three key questions:
Deputy General Manager, Hatton National Bank
Mr. Abeywickrema is the Chairman of Banking with the Poor Network and Deputy General Manager of the Hatton National Bank, which is the largest private commercial bank in Sri Lanka. He graduated with a Bachelor of Commerce (Special) Degree from the University of Kelaniya, Sri Lanka.
He overlooks a wide sphere in the key areas in the bank which includes micro financing & agricultural banking, personal related credit facilities, marketing, network management, credit cards, leasing and pawning.
In addition to the above positions he has recently been appointed Team Leader for micro finance for the Asian Bankers Association and also Chairman of Lanka Financial Services for Underserved Settlements (LFSUS) which a UNDP funded organization with private & public sector participation.
He has earned a leadership as a micro finance innovator and a practitioner in Sri Lanka and internationally recognized as a micro finance specialist and speaker at key forums. He has also obtained professional exposure overseas in the field of Credit Analysis, Marketing, Business & Leadership Skills and Finance & Banking in South East Asia.
Hyun Woo Suh
Team Leader , Kookmin Bank
Mr. Suh is currently the Team Leader of the Mobile Banking Team at the Kookmin Bank (KB), one of the leading commercial banks in Korea. Before joining the Mobile Banking Team, he was with the Financial Planning Department and also headed the Call Centre Management Department.
Prior to joining KB, he worked at the Risk Management Department at the Housing and Commercial Bank in South Korea and LG electronics, one of the biggest multinational companies in Korea. He has a Master of Business Administration from the Chon-buk University in South Korea.
Eduardo C. Jimenez
Microfinance Consultant , Bangko Sentral ng Pilipinas
Mr. Jimenez is the Bangko Sentral ng Pilipinas (BSP) Microfinance Consultant since 2000. He has previously worked with the BSP in various capacities (Securities Research Assistant, Internal Audit Officer and Treasury Operations Officer). His last posting at the BSP was as Treasury Operations Officer VI where he helped managed the BSP's international portfolio of USD3.0 billion.
He resigned from the BSP in 1993 to pursue work in microfinance in the NGO sector. He directly implemented credit programs and became the Executive Director (1994-1999) of Alliance of Philippine Partners in Enterprise Development (APPEND), the largest and oldest network of microfinance NGOs in the Philippines.
After his stint with the NGO sector, he started to work as a microfinance consultant for World Bank, Asian Development Bank, UNDP and other bilateral organizations. He has helped develop the Philippine Microfinance Literacy Program with funding from the Asian Development Bank. He is currently assisting the Asian Development Bank as their Housing Microfinance Consultant and as a Development Training Modules Expert focusing on the supervisory and regulatory functions of the Cooperative Development Authority.
He has experience working in other countries evaluating and/or designing microfinance programs, lecturing or presenting paper on microfinance. He took up Economics from the Polytechnic University of the Philippines and did graduate studies in Public Administration at the University of the Philippines-Diliman and at Carleton University in Ottawa, Canada. He is married to Dr. Gloria P. Jimenez and with two sons.
Dr. Alfred Hannig (Moderator)
Executive Director, Alliance for Financial Inclusion
Since September 2008 Dr. Alfred Hannig is the Executive Director of the Alliance for Financial Inclusion (AFI). AFI is a global policy facility established by GTZ (German Technical Cooperation) with funding from the Bill and Melinda Gates Foundation. The overall goal of AFI is to enhance South-South learning and exchange between approximately 100 countries to empower policy makers in developing countries to engineer and implement policy solutions for inclusive financial sector development while maintaining the safety and soundness of financial systems. These solutions aim to expand financial services to at least 50 million people living on less than US$2 a day by 2012. As lead designer of this initiative, Dr. Hannig has given priority to promoting financial inclusion in developing countries through a comprehensive programme of South-South exchange and learning.
Prior to taking the position in AFI, he was the Director of GTZ's Sustainable Economic Development programs in Indonesia, which focus on microfinance and private sector development. Before moving to Indonesia, he was head of the Financial System Development Program in Uganda, a joint initiative by Bank of Uganda and GTZ, co-funded by SIDA. Prior to this, he was head of GTZ's Financial System Development Unit of the Planning and Development Department in Germany. He started his career at the German Ministry for Economic Cooperation and Development. He represented the Federal Republic of Germany at the Consultative Group to Assist the Poor (CGAP) for several years.
Dr. Alfred Hannig wrote his Ph.D dissertation on financial sector reform in Bolivia and has published several books and papers on development finance, covering microfinance (regulation and supervision, and micro savings) and rural finance.