Welcoming Remarks - Luis Alberto Moreno
Welcoming Remarks - Ministry of Strategy and FInance of Korea
Welcoming Remarks - Carl Munana, IIC
In his book Breaking Banks, the Amazon Bestselling Author Brett King declared there will be more changes in the financial services industry in the next 10 years than we’ve seen in the last 200 years. With an explosion in FinTech investment globally and with some estimates of the number of FinTech companies currently as high as 40,000, the potential for real change is tremendous. Banks in Latin America and the Caribbean now have a unique opportunity to redefine their relationships with their SME customers and to radically change the way they operate, but it will require true transformation.
In this keynote address Brett will tackle some of the biggest questions facing banks working in the SME domain today, including:
1. Are FinTechs a threat or potential partners?
2. How risk, credit assessment, identity management, and compliance are being turned on their head by technology and big data,
3. Why mobile could unlock the biggest opportunity in enabling SME financing in the last 40 years,
4. What skills do the banks of the future need to survive?
Keynote - Brett King - How Can Banks Thrive in a Disrupted World
SMEs in Latin America and the Caribbean present monolithic potential to drive economic growth and prosperity in the region. Unfortunately, this potential has remained dormant in the absence of adequate financing options. This panel will identify the challenges that SMEs face to access finance and reveal how some have been able to overcome them by utilizing alternative channels.
Panel 1 - Spotlight on the SME Perspective
This panel will showcase some of the most innovative business models and solutions implemented by financial institutions around the world that have allowed them to expand their SME finance portfolios. Speakers will present global best practices and discuss key characteristics of the supporting ecosystems that allowed them to be successful in the SME market.
Panel 2 - Innovative Banking
A number of companies are jumping at new opportunities to facilitate lending to SMEs. Advances in technology are helping firms connect to SME clients and generate a wealth of data that allow them to provide a variety of profitable new services. These non-traditional actors are working on the fringes of the financial system where connectivity is king. Panelists will share their experiences as financial disruptors in areas such as Crowdfunding and online lending. The discussion will explore the implications of these emerging innovations for other actors in financial markets throughout the region.
Panel 3 - Disruptive SME Lending
"Millennials" (born 1981-2000) make up the largest generation in history and amount to approximately 2.4 billion people. By 2020, millennials will make up the vast majority of the active population. Scratch’s Millennial Disruption Index is the result of a three year study on industry disruption that uncovered that the financial services industry is struggling to engage and inspire millennials, foretelling what could be the beginning of significant change in the sector. The findings indicate that Millennials don't hate banks; far worse, traditional banks are becoming less relevant as they look elsewhere to meet their banking needs. The survey revealed the financial sector ranked at the bottom and emerged as the category ripe for disruption. Ms. Hubert will reveal effective strategies for reengaging this crucially important market to remain competitive. Her insights will help you understand the critical decision factors driving millennial behavior, empowering you to tailor new financial solutions to these emerging entrepreneurs.
Special Presentation - Millennial Disruption in Financial Services
Traditional asset-based lending practices have stifled the scope and depth of SME growth throughout the region for years. However, alternative credit-scoring methodologies are emerging as important tools that allow banks to expand lending to SMEs while maintaining acceptable levels of risk. These tools help banks assess risk in a cost-effective way so that they may provide financing to SMEs that have promising business models, but lack formal records or other information required by traditional credit assessments. How can new technologies facilitate the evolution of lending practices beyond collateral guarantees? This panel will discuss strategies for implementing psychometric techniques for credit assessment, as well as alternative sources of information that can be used to determine clients’ creditworthiness.
Panel 4 - Repensando el análisis del riesgo crediticio
Discover leading global innovations with the power to dramatically improve financing options for SMEs in Latin America and the Caribbean. Presentations will feature cutting-edge technologies that can help financial intermediaries increase efficiency and manage risk more effectively in order to expand SME portfolios. During this dynamic session, specialized FinTech companies will have less than 10 minutes each to pitch their innovative solutions.
Cloud Lending Solutions
Demo Sessions Introduction by Matteo Rizzi
In this short, interactive presentation, the audience will be introduced to the SIT method for generating innovative and practical ideas on demand. Learn how to overcome cognitive barriers, what prevents us from innovating, review different approaches to innovation and challenge your assumptions. This talk will be dedicated to understanding innovation from different perspectives, ranging from a pragmatic, hands-on approach to a broader focus on policies and infrastructure. Some SIT thinking tools and principles will be shared to demonstrate how new and effective ideas can be systematically created.
Special Presentation - Innovating inside the box
Speech Minister Cardenas
Financial innovation alone is not enough to drive positive social and economic impact. We are in the midst of a global revolution, the revolution of the information society. In this revolution the factors of production are changing and information and communications technologies play a key role. SMEs in Latin America have to be transformed to take advantage of this revolution. Mr. Molano will speak to the vital roles of both public and private sector actors needed to build a robust innovation ecosystem as well as the tangible benefits that stand to be made by all.
Keynote - Diego Molano - Powerful Connections
Technological advances have opened the door for the development of new partnership models that can generate substantial synergies for financial intermediaries and non-financial actors who are able to better serve the SME market together. These models allow partners to allocate resources efficiently by focusing on their core operations and sources of competitive advantage while improving financial services to SMEs and successfully managing risk. What are the key characteristics of innovative financial partnership models designed to serve SMEs? How can banks craft and implement partnership strategies that align incentives effectively and generate tangible value?
Panel 5 - Innovative Partnerships
The massive amounts of data generated by increasing connectivity to the internet, particularly through social media, can be used to identify emerging trends in SME needs and tailor marketing strategies to effectively reach target audiences. Some banks are also increasing their provision of non-financial services such as business planning and management training to SME clients in order to improve performance of SME portfolios. This panel will explore strategies for mining and analyzing big data to improve product and service offerings to SMEs. Panelists will discuss the latest experiences of leading organizations leveraging new technological capabilities to better understand clients and enhance customer relations. The panel will highlight the long-term impact of these approaches on branding and business development.
PANEL 6 – Leveraging Big Data, Social Media and non-financial services to develop SME portfolios
In recent years a number of opportunities have been identified to support the development and competitiveness of small farmers and microenterprises, particularly in agricultural value chains. Today the development of modern technology is creating new growth opportunities for SMEs in a variety of productive sectors through non-traditional financing mechanisms. This panel will discuss cutting-edge financial innovations leveraging the inter-dependent linkages of productive value chains that can make both banks and SMEs more competitive throughout the region.
PANEL 7 – Unlocking Value Chain Finance for SMEs
Reflecting the discussions of the day, these presentations will feature value-added services enabled by digital technologies that drastically reduce costs. These solutions can augment financial institutions’ service offerings to improve SMEs´ business performance and repayment capacities, resulting in improved client relations and customer retention rates, as well as lower risk of default in SME portfolios. Presenters will demonstrate how these innovative mechanisms can create new business opportunities for banks, SMEs, and non-traditional lending partners throughout Latin America and the Caribbean. In this dynamic session, specialized Fintech companies will have less than 10 minutes each to pitch their innovative solutions.
Innovations are only as powerful as their environments allow them to be. Overbearing regulatory restrictions and cumbersome administrative requirements can stifle even the best ideas. Many experiences have proven that ideas must be enabled by a strong supporting ecosystem in order to flourish and generate tangible impact. This panel will review the central elements of this kind of enabling environment and discuss the roles of key actors in the development of a successful ecosystem to encourage SME finance and promote sustainable growth.
Panel 8 - Engaging Key Stakeholders to Develop the Innovation Ecosystem
Medellin is distinguished as a city that seeks solutions through innovation. It has been recognized as the most innovative city in 2013 and therefore, it is the ideal venue for the launch of this first edition of the FINPYME Forum.
Located in the Poblado area, Medellin's most exclusive residential sector and conveniently located near the city's commercial, restaurant, industrial and business areas.
Calle 16 #28-51, Medellin, C007-06, Colombia
Phone: +57-4-3194450 +1106.
Preferred rates and reservations
The Intercontinental Hotel Medellin is located 35 minutes from the José María Córdova International Airport (MDE) and 10 minutes from the Olaya Herrera Airport (EOH). We strongly recommend using official transportation from the airport to your hotel. For more information regarding your travels, please visit http://medellin.travel/en.
Tickets are non-refundable, but you may transfer your ticket to someone else. Please contact email@example.com to request a transfer.
To obtain additional information regarding sponsor benefits, please contact firstname.lastname@example.org.
Currently, we do not have availability to accommodate for FinTech companies to present during the Demo Sessions. However, if you are interested in showcasing your product or service during one of the Demo Sessions in future editions of the FINPYME Forum, please contact us at email@example.com.
Simply click the Register button at the top of the page and a pop-up window will appear with more information about pricing.
Registration fees are US$750 for individual registration. Registration fees for groups of 2 to 5 people, US$500 per person.
These include access to all event sessions, lunch and refreshments throughout both days, as well as access to a cocktail reception to be held at the end of the first day. Participants will also receive a welcome package upon their arrival to the venue.
Each participant is responsible for their own hotel accommodations, travel arrangements, and complying with all visa requirements.
Attendees may use the code GN256 to travel with Avianca to Medellin. The code will apply a discount that will vary from 5% to 20% depending on the city of origin and the type of cabin, economy or business. The code is only applicable to those flights operated directly by Avianca. Restrictions apply.
In case you would like to speak to a representative, please contact Catalina Muñoz at firstname.lastname@example.org Monday through Friday 8am to 6pm, or Saturdays 9am to 1pm.
Participants are responsible to request their own visa through the corresponding Colombian Consulate.
If you are required to obtain a visa, please visit a Colombian Consulate. Otherwise, you may request a visa via the Online Application System. Please follow these instructions to request the visa online.
Once the visa is approved online, you will be required to send your passport and corresponding payment to the Colombian Consulate to obtain the visa stamp.