Mojaloop Foundation to Present on Data Sovereignty Panel at Singapore Fintech Festival 2023

The Mojaloop Foundation announced today that it will participate in a Singapore Fintech Festival 2023 panel discussion. The session, Empowering Emerging Nations in Achieving Data Sovereignty and Financial Inclusion, will be moderated by Mojaloop Foundation Executive Director Paula Hunter and will include panelists from the Bill & Melinda Gates Foundation and the Monetary Authority of Singapore (MAS). The panel is open to all attendees and will take place on Wednesday, November 15, at 3:40 p.m.

• To register for the 2023 Singapore Fintech Festival and attend the session, visit https://www.fintechfestival.sg/registration

Mojaloop Foundation Executive Director Paula Hunter stated, "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."

Attend the Singapore Fintech Festival Data Sovereignty Panel
Title: Empowering Emerging Nations in Achieving Data Sovereignty and Financial Inclusion
Date: Wednesday, November 15, 2023
Time: 3:40 p.m. ? 4:10 p.m.

Panelists:

• Kosta Peric, Financial Services for the Poor, Bill & Melinda Gates Foundation (Panelist)
• Sopnendu Mohanty, Chief FinTech Officer, MAS (Panelist)
• Paula Hunter, Executive Director, Mojaloop Foundation (Moderator)

Session Overview:
In working to advance financial inclusion, many smaller African and Asian nations encounter significant challenges in achieving the kind of interoperable instant payment systems (IIPS) that larger countries, such as India, have successfully implemented in this sphere. Nations must retain control over their technology, data, and hardware infrastructure to ensure the protection of individuals' data, bolster competitiveness, and safeguard core values and strategic interests. 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.

About the Mojaloop Foundation

The Mojaloop Foundation's mission is to increase financial inclusion by empowering organizations creating interoperable payment systems to enable digital financial services for all. To achieve its mission, Mojaloop Foundation operates as a 501(c)(3) charitable nonprofit organization, maintaining its free, open source software, Mojaloop, and community as public goods in the service of financial inclusion. Merchants, banks, providers, government offices and other entities looking to build inclusive payments platforms can use Mojaloop ? whole, adapted or as a real-time payments reference model. For more information about the Mojaloop Foundation, visit https://mojaloop.io/.