Michael Wiegand, Director of the Financial Services for the Poor initiative, leads the Bill & Melinda Gates Foundation’s effort to make high quality financial services widely accessible to poor people throughout the developing world. The FSP team works with a wide range of public and private sector partners to foster the development of digital payment systems—such as mobile money—that can reach hundreds of millions of people with the financial tools they need to mitigate risks and capture opportunities to move out of poverty.
Before joining the foundation in 2016, Michael spent 10 years with Standard Chartered Bank. He was most recently the Global Head of Retail Deposit Products, prior to which he managed the bank’s retail banking business across Southern Africa and was the CEO of Standard Chartered Bank Botswana. He also spent more than six years with McKinsey & Company serving leading financial institutions in the U.S., Australia, Eastern Europe and the Middle East.
Michael holds a PhD in Economics from Northwestern and a Master of Science degree in Public Management and Policy and a Bachelor of Science degree in Economics from Carnegie Mellon.
Hall 1, Singapore EXPO
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The financial world has radically changed over the past 10 years. There are 2 billion more adults financial included now than in 2011, but 1.4 billion are still excluded. How can we keep up the momentum and include the next billion? One of the most promising areas of development is digital public infrastructure. When every country has a safe and inclusive DPI—founded on a trusted national ID, interoperable instant payments, and data exchange—then it can ensure every person has access to the financial tools and services they need to live a healthy and productive life.
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