On October 30, FSVC hosted a panel discussion in New York City on the opportunities and challenges posed by new financial technologies for emerging market countries. The discussion was moderated by Michelle Caruso-Cabrera of CNBC, and featured William J. Burns, President of the Carnegie Endowment for International Peace and former U.S. Deputy Secretary of State; Sandra Ro, CEO of the Global Blockchain Business Council; Adam J. Szubin, Of Counsel for Sullivan & Cromwell and former Acting Under Secretary for Terrorism and Financial Intelligence, U.S. Department of the Treasury; and J. Andrew Spindler, FSVC President & CEO. Approximately 150 members of the New York financial community attended and took part.

At a time when globalization is being challenged, the linkages that connect emerging market countries to the global economy are breaking down. Panelists discussed the considerable pressure facing these countries, and why they might be turning to Fintech for possible solutions. Fintech has the potential to offer tremendous opportunities to countries in areas such as cross-border payments, remittances, agricultural supply chains and crowdfunding. This technology can be used to bring access to financial services for the nearly two billion people currently excluded from the formal economy.