Financial Literacy and Opportunity Week (FLOWK) to explore digital disruption in FinTech

FLOWK Chairman Vincent Kimosop said the 2019 FLOWK event is a build-up from last year’s event that looked to demystify and understand the link between the opportunities within the financial sector as well as the Big Four Agenda that was set by the government.

The second annual Financial Literacy & Opportunity Week (FLOWK) is slated for August 20th and 21st, 2019 at the University of Nairobi Towers, Chandaria Auditorium.

Under the theme; “Financial Inclusion & Empowerment in the Digital Age”, the 2019 event will bring together hundreds of stakeholders to explore the role and impact of technology in financial inclusion.

Delegates from Government ministries & departments, regulatory bodies, SACCOs, banks, digital lenders, Insurance institutions, research & academic bodies and the business community will immerse in interactive plenary and panel sessions.

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Some of the key areas that will be discussed include; financial inclusion and social welfare, internet access and community empowerment, growth trends and lessons in mobile-based credit, disconnect and missed opportunities and financial literacy and poverty reduction programs.

This year’s event comes after a survey by the Central Bank of Kenya (CBK), Kenya National Bureau of Statistics (KNBS) and FSD Kenya revealed that the overall access to formal financial services and products improved from 75.3 percent in 2016 to 82.9 percent in 2019.

The 2019 FinAccess Household Survey showed more Kenyans have access to formal financial services and regularly interact with financial products owned by banks, Saccos, telcos, microfinance and insurance firms noting that mobile money has been instrumental in deepening financial inclusion.

The impressive growth in financial inclusion in Kenya and in the region has brought about innumerable opportunities for companies to create transformative financial products that change the lives of ordinary Kenyans.

The two-day event creates a platform for stakeholders and participants to take stock of the gains made over the last year and to discuss best practice of promoting effective financial inclusion and literacy in Kenya.

FLOWK Chairman Vincent Kimosop said the 2019 FLOWK event is a build-up from last year’s event that looked to demystify and understand the link between the opportunities within the financial sector as well as the Big Four Agenda that was set by the government.

“Financial Literacy and Opportunity Week (FLOWK) was established to provide a platform for players in the financial markets and the public to share information and learn from each other,” said Kimosop.

The two-day event, which is being organized by Event Guru Solutions, will comprise panel discussions with key industry players, exhibition area, workshops, business-to-business and business-to-government sharing sessions, and a Gala closing ceremony.

ICT Cabinet Secretary Mr. Joe Mucheru will open FLOWK 2019 with opening remarks and thereafter participate in an engaging panel discussion.

Other representatives expected during this year’s event include; Ministry, Department and Agencies of Government, financial associations, Kenyan Revenue Authority, Betting Control and Licensing Board (BCLB), local and foreign investors, SMEs, Business associations, development partners and members of the public.