digital banking

State of Big Tech: Dismantling Digital Enclosures

IT for Change invites you to the State of Big Tech Dialogue, an online panel discussion to mark the launch of our upcoming report,  State of Big Tech: Dismantling Digital Enclosures on the 21st of November,  from 7:00- 9:00 PM IST / 2:30 to 4:30 PM CET / 8:30 to 10:30 AM EST.

We invite you to come listen to a panel of key voices – including some of the the volume’s contributors – reflect on the report, the state of the contemporary struggle against Big Tech, the stakes around important battle-grounds being formed today, as well as the potential inherent in current forms of resistance and projects for building an alternative digital economy.

Please register here and a personalized zoom link will be emailed to you.

About the State of Big Tech:

Envisioned as an evolving, year-on-year endeavor that will track and unpack the developments in the Big Tech space, our debut edition of the State of Big Tech is a powerful volume of essays that brings together important perspectives on the corporatization of digital technologies from across regions and constituencies, that touch upon themes including data value chains, sectoral deep-dives, regulatory stalemates, the neo-colonial dimension of the digital economy, the state of platform labour, as well modes of resistance and experiments in building progressive models  towards new digital futures.

Complemented with stunning and evocative art work and select expert interviews, the compendium is a critical, inspiring and original contribution that attempts to capture the current phenomenon of digital capitalism.

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CoNGO Notes: For more information on the NGO Committee on Financing for Development, please visit ngosonffd.org. For more information on the NGO Committee on Education, Learning, and Literacy, please visit facebook.com/NGOCELLatUN. For more information on the NGO Committee on Sustainable Development/NY, please visit ngocsd-ny.org. For more information on the NGO Committee on Sustainable Development/Vienna, please visit ngocsdvienna.org. For more information on the NGO Committee on Social Development, please visit ngosocdev.org. 

‘BUILD’ a Better Future: The Intersection of Blockchain and Climate

Polygon believes blockchain sustainability is about more than operating responsibly. They see blockchain as a technology that has the potential to support and scale lasting positive impact on the world. In this session, Sustainability Lead Stefan Renton, will share Polygon’s plans to become a vehicle for climate solutions and its wider net-positive mission.

Register here!

This event is being held as part of The Nest Summit Campus 2022. Partnering with industry leaders to create an inspired, central destination for climate action is at the core of what we do. The Nest Summit Campus, official event partner of Climate Week NYC, brings together like-minded organizations and individuals to educate, inspire, drive change, and spark climate action among businesses, government officials, academia, NGOs, and consumers.

It’s all happening at the Javits Center during Climate Week NYC (September 19 – 23, 2022).

For the full agenda and schedule of events of The Nest Summit Campus, visit here.

Organizers: When like-minded organizations join forces with similar goals and desires – great results happen. This how The Nest Summit was born. Created to advance sustainability, The Nest was founded in 2019 by supporting organizations The Javits Center, NYC & Company, and the Climate Group. The inaugural event attracted many organizations eager to share their important research and proved to be a successful networking center during Climate Week NYC. The Nest Summit is now a proud event partner of Climate Week NYC and is honored to contribute to the mission of expanding climate action here in the U.S.

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CoNGO Notes: For more information on the NGO Committee on Financing for Development, please visit ngosonffd.org. For more information on the NGO Committee on Sustainable Development/NY, please visit ngocsd-ny.org. For more information on the NGO Committee on Sustainable Development/Vienna, please visit ngocsdvienna.org. For more information on the NGO Committee on the Rights of Indigenous Peoples, please visit facebook.com/NGOCoRIP. For more information on the NGO Committee on Intergenerational Solidarity, please email the vice chair at susanneseperson@gmail.com.

Exploring Digital Finance’s Real Promises and Challenges for Development

Exploring Digital Finance’s Real Promises and Challenges for Development

Join the NGO Committee on Financing for Development on Wednesday, 27 April 2022, 8:00 a.m. – 9:30 a.m. EDT for this official side event to the 2022 ECOSOC Financing for Development Forum.

Register here: https://us02web.zoom.us/meeting/register/tZ0qc-6orjsuGdFhyWHfljp7ZNxV526Onoc7

Speakers:

  • Ms. Cina Lawson, Minister of Digital Economy and Transformation of the Republic of Togo (TBC)
  • Dr. Purva Khera, Economist, International Monetary Fund
  • Mr. Johannes Ehrentraud, Senior Advisor, Financial Stability Institute, Bank for International Settlements
  • Ms. Sofie Blakstad, CEO of hiveonline and author of Fintech Revolution: Universal Inclusion in the New Financial Ecosystem
  • Ms. Anneleen Vos, Seionr Economic Policy Officer, International Rescue Committee
  • Mr. Prabhat Labh, CEO, Grameen Foundation India
  • Ms. Mercy Buku, Program Leader, Toronto Center

Moderator: Mx. Anita Thomas, Chair, NGO Committee on FfD, Representative to the UN, Women First International Fund

Co-sponsors: ManUp Campaign, Change Management Solutions, Sisters of Charity Foundation, African Development Interchange Network, IBVM

Background:

The UN Secretary General’s task force on digital finance in its report titled “People’s Money: Harnessing Digitalization to Finance a Sustainable Future,” spells out the transformational impact digital finance can have on sustainable development. Providing relief for millions around the world, supporting businesses, and protecting jobs and livelihoods, digital finance served as a lifeline during the COVID-19 pandemic. A World Bank tally of policy responses to the pandemic finds that at least 58 governments in developing countries used digital payments to deliver COVID-19 relief, of which 36 countries made payments into fully transactional accounts that were being used for saving beyond simply withdrawing cash. According to the GSMA, international remittances processed via mobile money increased by 65 percent in 2020.

Proponents of digital finance highlight its strong capabilities to reduce transaction costs, the potential of Artificial Intelligence to provide fair and equitable treatment of credit applicants, and the scalability of cloud technology, through the use of blockchain technology, to allow consumers to transact remotely and seamlessly across multiple platforms.

While the experience of COVID-19 has proven that digitalization can transform economies and lives, it needs to be shaped with both its advantages and potential risks in mind in order to bring everyone into the digital age. For technology to benefit everyone, private sector innovation must be supported by the appropriate public goods such as the public provision of foundational infrastructure, access to electricity, mobile and internet coverage.

As in the case of any disruptive technology, without combining technological advances with sound policy measures, digital technology cannot deliver on its potential to meaningfully advance financial inclusion for everyone, including the more than 2 billion unbanked people globally. Delivering on promises to advance financial inclusion can only be considered meaningful when the account holder has a fully functional account that they utilize to save, make payments, obtain manageable credit, and mitigate economic risks and is simply not utilized to withdraw cash from cash transfers from the government, which is overwhelmingly the case at this time.

By examining successful strategies that maximize digital finance’s potential while minimizing risks to the financial sector, government revenues, and at-risk populations, attendees will gain a better understanding of how digital finance can sustainably advance development objectives.

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CoNGO Notes: The NGO Committee on Financing for Development is a Substantive Committee of the Conference of NGOs in Consultative Relationship with the United Nations.

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